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What are the permissible debits/credits to the NRO Current Account?

April 26, 2017account Credits debits nro permissible

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What are the permissible debits/credits to the NRO Current Account?

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There are no restrictions on the debits from NRO Current Account. Credit of funds representing legitimate dues of the account holder from local sources for e.g. current income in India like rent etc. and proceeds of remittances received from abroad through normal banking channels can be freely credited.