Until a few years ago, individuals outside India found it hard to send funds home due to several paper checks and long transfer periods. However, with modern NRI accounts, they can easily save and transact money in international currencies and invest in India easily. NRI accounts serve numerous purposes, such as saving money earned abroad or in India, investing in various opportunities, and making money readily available for your family.
An NRI or a PIO (Person of Indian Origin) can open NRO and NRE accounts for convenient and easy fund transfers to and from India.
about 5 months ago