Question

Remittance from abroad comes under which account of the country in india

Answer 1

NRE account

The permissible credits in an NRE account are remittances from outside India, income from investments made in India, current income, etc. Funds from an NRE account are freely repatriable in nature. NRO account can be opened by any non-resident (including foreign national) for carrying out bona fide rupee transactions.