What is the difference between an NRE account, NRO account and FCNR account?

account FCNR NRE nro
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Non-Resident (External) Rupee (NRE) account is a Rupee account on a repatriable basis. It can be opened with either fund remitted form abroad or local funds, which can be remitted abroad.Ordinary Non-Resident Rupee (NRO) account is a Rupee account and can be opened in with funds either remitted from abroad or generated in India. The amount in such account is non-repatriable.Fully Convertible Non-Rupee (FCNR) account is similar to the NRE account except that the funds are held in foreign currency like US$, Dm etc.

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