NRO NRE

FD

FD is for 390 days. auto renewed. gives 6.75%
penalty: less than 1 yer. No interest, no penalty.
More than 1 year, 1% penalty
25L FD or 5L in savings account
Make some transaction atleast once in 12 months so that the account does not become inactive.

I was using Xoom. Will it be the same exchange rate? Will there be any extra fees?

Purpose
NRO - Non-Resident Ordinary Rupee
NRE - Non-Resident External Rupee
FCNR - Foreign Currency Non Resident

NRO - For holding incomes from India
NRE - overseas savings

Currency
NRO - INR
NRE - INR

Tax
NRO - Tax Free
NRE - Taxable

Tax
NRO -
NRE -
Tax
NRO -
NRE -
Tax
NRO -
NRE -
Tax
NRO -
NRE -