NRE, NRO & FCNR Account Advisory
Which NRI account to use, tax on interest, and what to do when you leave or return
- 1ReviewCurrent accounts and income flows mapped.
- 2RestructureAccounts converted or opened as needed.
- 3ComplyTDS, DTAA and ITR handled.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About NRE, NRO & FCNR Account Advisory
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
An NRE account holds money earned abroad — it's fully repatriable and its interest is tax-free in India while you're non-resident. An NRO account holds Indian income like rent, dividends or pension; interest is taxable with 30% TDS plus surcharge and cess, and repatriation is limited to USD 1 million a year. FCNR deposits hold foreign currency with no exchange risk. On becoming NRI you must convert resident accounts to NRO.
Mixing funds is the most common mistake: depositing Indian rent into an NRE account isn't allowed, and leaving resident savings accounts unconverted after moving abroad breaches FEMA. We review your accounts, fix designations and set up the right flow for each income stream.
When you return to India, NRE and NRO accounts must be redesignated as resident accounts or moved to an RFC (Resident Foreign Currency) account; FCNR deposits can run to maturity. NRE interest becomes taxable once you're no longer non-resident.
| NRE | Foreign earnings; repatriable; interest tax-free while non-resident |
|---|---|
| NRO | Indian income; interest taxable; 30% TDS + surcharge + cess |
| NRO repatriation | Up to USD 1 million per financial year |
| FCNR(B) | Foreign-currency term deposit, 1–5 years |
| On return | Redesignate to resident or RFC account |
Who this is for
Common scenarios where this service is a good fit.
- People moving abroad for work
- NRIs with Indian income and savings
- NRIs returning to India
What you get
Clear deliverables so you know exactly what's included.
- Account structure review
- Redesignation guidance
- TDS and DTAA rate on NRO interest
- Returning-NRI account transition
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Current accounts and income flows mapped.
Accounts converted or opened as needed.
TDS, DTAA and ITR handled.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
This page also covers
- NRE/NRO advisory
- Opening, converting and closing NRI accounts.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
