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NRI savings account: There are two types of NRI Savings Accounts: Non-Resident External (NRE) Savings Account, Non-Resident Ordinary (NRO) Savings Account.
The maximum amount that can be transferred from an NRO account depends on the source of funding, with a cap of $1 million per fiscal year for non-current income. There are no restrictions on remitting current income from an NRO account.
Non-resident Indians and persons of Indian Origin (POI) can buy residential properties in India without specific permissions from the Reserve Bank of India
SBI has launched a digital platform that allows Non-Resident Indians (NRIs) to easily open NRE and NRO accounts through its mobile app, YONO. This service caters to new customers and fulfills a longstanding demand from NRIs for a hassle-free method of managing their accounts in India.
Taxation of income earned abroad in India depends on the individual's residential status. Indian income is always taxed in India, regardless of residency