Is NRO more flexible from an investment perspective?

 Partly correct, but subjected to certain rules

                 NRO Account – Key Points:

                 Used for India-sourced income  (rent, dividend, pension, sale proceeds, etc.)

                 Allows investment in most Indian securities (MFs, equity, bonds, etc.)

                 Funds are taxable in India

                 Repatriation is restricted , not automatic

                Repatriation is restricted, not automatic” – Easy explanation

                Simple meaning:

                Money in an NRO account cannot be freely sent abroad anytime you want. You are allowed to send it, but only after following rules and approvals.

                What “not automatic” means.

                You cannot just click a button and transfer money abroad like NRE

                Bank will first check documents, taxes, and limits

                Transfer happens only after approval

                What “restricted” means

               There is a yearly limit (up to USD 1 million per financial year)

                Indian taxes must be paid first

                Certain forms are mandatory

                Simple Example

                Example 1 – NRE (Automatic)

                 Ravi is an NRI and has ₹10 lakh in NRE account

             ➡ He transfers the full amount to his US bank

             ✔ No tax

             ✔ No forms

             ✔ No approval delay

            ? Money goes freely

              Example 2 – NRO (Restricted, not automatic)

               Ravi receives ₹10 lakh rent in his NRO account

               To send this money abroad:

              1️⃣ He pays Indian tax on rent

              2️⃣ Submits Form 15CA & 15CB

              3️⃣ Bank verifies documents

              4️⃣ Amount must be within USD 1 million limit

          ✔ After approval → money is transferred

         ❌ Without these steps → transfer is not allowed

         ?That is why NRO repatriation is restricted, not automatic.

         ?One-line summary

             NRE = free & instant repatriation

            NRO = allowed, but only after rules + documents + approval