Question: what is the difference between nre and nro account in sbi?
Answer: An NRE account is a bank account opened in India in the name of an NRI, to park his foreign earnings; whereas, an NRO account is a bank account opened in India in the name of an NRI, to manage the income earned by him in India. ... An NRI can open a joint NRO account with one or more NRIs or Indian citizens.