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NRI Banking  Accounts & Deposits  NRO Rupee Account
Accounts & Deposits

 
 

NRO Rupee Account

  • 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 and Term Deposits.
  • Restricted repatriation is  offered.