Core tool

Banking Guide

Indian NRI accounts and expat-friendly banks in your country of residence.

Country

Netherlands

Local Banks

4 options

Rates

Which account should you open?

Open an NRE account to bring your foreign salary to India tax-free and repatriate freely. Open an NRO account to manage any income earned within India (rent, dividends). Use FCNR(B) to hold savings in foreign currency and avoid INR depreciation risk.

NRE vs NRO vs FCNR(B)

Key differences at a glance

Feature	NRE Account	NRO Account	FCNR(B)
Currency	INR	INR	Foreign Currency
Repatriable (principal)	Fully	Up to $1M/year	Fully
Repatriable (interest)	Fully	Partially (after tax)	Fully
Tax on interest (India)	Tax-free	Taxable (TDS 30%)	Tax-free
Source of funds	Foreign income only	Indian + Foreign income	Foreign income only
Joint holding with resident	Not allowed	Allowed	Not allowed
Best for	Parking foreign earnings	Managing India expenses	Avoiding currency risk