India, April 25 -- Becoming an NRI may seem like juggling between two sources of income. Once you look past the perceived complexity, you realise how simple things really are. Indian banks simplify income management for NRIs through two separate accounts. One for foreign income and another for Indian earnings. The former is known as an NRE account. It helps you manage your foreign income seamlessly in India. Read ahead to learn how this type of NRI account works in detail.

What is an NRE account?

An NRE or Non-Resident External account is a type of NRI account that helps you manage the money you earn abroad. It is one way of staying connected to India. You can bring your foreign income to India and manage it securely in Indian currency....