Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Back to Top of Index Question-27: Is there any scheme under which non-residents other than NRIs can also keep rupee deposits with banks in India ?

April 26, 2017Banks deposits index India NRIs rupee Scheme

0

Posted

Back to Top of Index Question-27: Is there any scheme under which non-residents other than NRIs can also keep rupee deposits with banks in India ?

1 Answer

0

Posted

Yes. Under the Non-Resident (Non-repatriable) Rupee Deposit (NRNR) Scheme. NRIs as well as other non-residents can keep deposits with banks in India.