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Can NRIs maintain current/savings/fixed deposit rupee accounts with authorised dealers/authorised banks in India?

April 26, 2017accounts authorised Banks Dealers deposit fixed India maintain NRIs rupee savings

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Can NRIs maintain current/savings/fixed deposit rupee accounts with authorised dealers/authorised banks in India?

4 Answers

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NRO and NRE accounts accounts can be maintained in current/savings/fixed deposit form while NRNR accounts can be only in fixed term deposits.

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rvishnu rvishnu Posted

Ratekhoj.com has an article on the various types of bank accounts available for NRIs and their advantages and disadvantages. Visit Ratekhoj.com to get the details as well as the best interest rates available for these accounts.

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NRO and NRE accounts can be maintained in current/savings/ fixed deposit form while NRNR accounts can be only in fixed term deposits.

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Ans. NRO and NRE accounts can be maintained in current/savings/ fixed deposit form while NRNR accounts can be only in fixed term deposits.