Ask Money Today: NRO vs NRE accounts - which one to choose for stock market investment?
If an NRI has an income of any source from India, then NRO account will be advisable; If they have income only from outside India and want to remit in India, then NRE account is advisable
I am a 35-year-old NRI based in the US for the last two years. I am willing to start investing in mutual funds via SIP mode in India. I hear there are two types of bank accounts for NRIs. Which one should I choose for a simple process and better tax advantage?