NRE and NRO accounts, in plain words
Two Indian bank accounts NRIs mix up. The Reserve Bank of India sets the difference.
NRE
A Non-Resident External account holds money you earned outside India and brought in. Interest rules and repatriation are defined by the bank under RBI directions. It is not a place to park rent collected in India.
NRO
A Non-Resident Ordinary account holds income that arose in India, such as rent, pension, or a sale. Tax and the amount you can send back abroad are not the same as on an NRE account. Ask the bank for the current RBI limit before you transfer a property sale.