Nro full form: NRO stands for Non-Resident Ordinary Account and

NRO stands for Non-Resident Ordinary Account and is used by NRIs to manage income earned in India. Learn how NRO differs from NRE, which is for foreign earnings, in terms of taxation, repatriability, and suitability. Conclusion Both NRE and NRO accounts are essential financial tools for NRIs — the choice depends on whether your income originates abroad or in India. While the NRE account offers tax-free growth and full repatriation, the NRO account simplifies managing Indian income and payments. A Non-Resident Ordinary (NRO) Account is for NRIs to manage their deposits or income earned in India. Check out the key features of NRO Account & know who can open NRO Account. NRO stands for Non-Resident Ordinary Account, a bank account for NRIs to manage income earned in India. Learn about other NRI account types, such as NRE, PIS, and Non-PIS, and their features, taxation, and investment options.