![]() Money can also be transferred to NRO account from NRO account of any other NRI. NRI can deposit foreign currency upto $5,000, while in India, duly supported by currency declaration form. What debits and credit are allowed in NRO account?Īny amount which is remitted to India from abroad through proper banking channel can be credited in the NRO account. Your NRO account can also be operated by any resident holding your power of attorney. In addition to Indian citizen who has become non-resident, a non-Indian citizen who is a Person of Indian Origin (PIO) can also open NRO account in India. All NRO accounts are rupee denominated and can be in the form of a saving account, current account, recurring account or a fixed deposit account. An NRO account can be opened jointly with any resident or any other NRI.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |