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What are the different types of rupee accounts permitted to be maintained?

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What are the different types of rupee accounts permitted to be maintained?

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Ans. Three types of rupee accounts Viz. Non-resident (External) Rupee Accounts (NRE account), Ordinary Non- resident Rupee Account (NRO accounts ) and Non-resident (Non-repatriable) Rupee Deposit accounts (NRNR) are permitted to be maintained.

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Five types of rupee accounts are permitted to be maintained by NRIs, viz. • Non-resident (External) Rupee accounts (NRE) • Non-resident(Special) rupee (NRSR) Account • Ordinary non-resident rupee accounts (NRO) • Non-resident(Non-repatriable) R0upee Accounts (NRNR) • Foreign Currency (Non-Resident) Accounts (Bank) Scheme {FCNR(B)}.

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Three types of accounts: Non-resident (External) Rupee Accounts (NRE account), Ordinary Non-Resident Rupee Account (NRO A/c) and Non-Resident (Non- repatriable) Rupee Deposit Account (NRNR) are permitted to be maintained.

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