Managing money between India and another country often requires more than one type of NRI account. An NRE account can help you hold eligible overseas income in Indian rupees, while an NRO account is commonly used for eligible income and payments in India.
You can transfer money from an NRE account to an NRO account when required. However, the transfer affects how those funds are treated afterwards, especially for tax and future repatriation. Understanding the transfer process, account purpose and
