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Can NRI open a savings bank account with Zero balance?

April 26, 2017Balance bank account NRI savings Zero

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Can NRI open a savings bank account with Zero balance?

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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/she must remit funds to make the account operative within a reasonable time, where after only chequebook will be issued.