No, NRI can open and operate NRE or NRO or both of these accounts in India. However, they can link any one of them either NRE or NRO to their trading account to invest in Indian investment instruments available to NRIs.
- NRI investment held through the NRE mapped trading account is freely and fully repatriable.
- NRI investment in India through an NRO account is non-repatriable as the maximum repatriable amount is USD 1 million subject to approval from RBI.