NRI Banking  Accounts & Deposits NRO Rupee Account

General Information

  • Accounts maintained in Indian Rupees for routing bonafide local remittance like rent.
  • Joint accounts are permitted.
  • Interest earned in the account is subject to Indian Income Tax.
  • Account can be maintained in the form of  Savings ,Current or Term Deposits.
  • Restricted repatriation is  offered.

Documents Required for Opening NRO account