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NRE/NRO Account Calculator
Calculate returns on NRE and NRO deposits with tax implications
Tax-free interest, fully repatriable
₹
₹1,00,000₹1,00,00,000
39
Typical NRE/NRO FD: 6.5-7.5%
110
Maturity Amount
₹14,14,778
NRE Account · 5 years
Principal Amount₹10,00,000
Interest Earned₹4,14,778
Net Amount₹14,14,778
Total Return (5y, not p.a.)41.48%
Growth Projection
NRE vs NRO Quick Comparison
| Feature | NRE Account | NRO Account |
|---|---|---|
| Tax on Interest | Tax-Free | 31.2% TDS |
| Repatriation | Fully Repatriable | Limited (USD 1M/year) |
| Funding Source | Foreign Sources Only | India + Foreign |
| Joint Account | Only with NRI | With Resident/NRI |
| Best For | Foreign earnings | Indian income (rent, etc.) |
Important Notes for NRIs:
- NRE: Interest is completely tax-free in India (may be taxable in country of residence)
- NRO: 31.2% TDS (incl. cess) is deducted at source. If your actual tax liability is lower, file an income-tax return in India (PAN required) to be taxed at slab rates and claim a refund of the excess TDS
- DTAA (Double Taxation Avoidance Agreement) benefits may apply based on country of residence
- Interest rates vary by bank and are subject to change quarterly by RBI
- This calculator provides estimates. Consult with a tax advisor for accurate calculations
Illustrative estimate. Interest rates vary by bank and change quarterly. Consult a tax advisor for accurate calculations.
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