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Are debits and credits to NRO accounts allowed freely by bank maintaining the accounts?

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Are debits and credits to NRO accounts allowed freely by bank maintaining the accounts?

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Yes. Debits for local payments are allowed freely, Funds representing legitimate dues of the account holder of proceeds of remittances received from abroad through banking channels are permitted to be credited freely.

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Yes. Debits for local payments are allowed freely, Funds representing legitimate dues of the accounts holder of proceeds of remittances received from abroad through banking channels are permitted to be credited freely.

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Ans. Yes. Debits for local payments are allowed freely, Funds representing legitimate dues of the accounts holder of proceeds of remittances received from abroad through banking channels are permitted to be credited freely.

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