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Can an NRI open an account with Zero balance ?

April 26, 2017account Balance NRI Zero

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Can an NRI open an account with Zero balance ?

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Ans.: Yes, an individual taking up an employment, business, vocation etc. can complete the account opening formalities prior to going abroad with zero balance. Subsequently, he must remit funds to make the account operative within a reasonable time, whereafter only cheque book will be issued. 8.