Any person resident outside India may open NRO account, for putting through bona fide transactions in Rupees on account of monies originating in India.
Many Non-Resident Indians earn income in India through rent, dividends, pension and so on. Our NRO account allows them to conveniently deposit and manage such local rupee funds.
Change of Resident Status
In the event of the NRI returning from overseas on a permanent basis the NRO Account will be redesignated as resident savings accounts.
Nomination Facility
Nomination can be in favour of resident or non-resident.
