NRE account
Regulation & taxA rupee account funded from foreign earnings, freely repatriable and with tax-free interest.
In plain terms
Invest from here if you may ever want the money back out without paperwork.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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A rupee account funded from foreign earnings, freely repatriable and with tax-free interest.
Invest from here if you may ever want the money back out without paperwork.