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What are the rules regarding Debit cards for NRO / NRE Account holders?

April 26, 2017account cards Debit HOLDERS NRE nro rules

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What are the rules regarding Debit cards for NRO / NRE Account holders?

2 Answers

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A Debit card is valid globally and can be used to withdraw funds from your NRE savings account. NRO Account holders receive only an ATM card, as per RBI regulations.

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NRO Account holders receive a Debit Card which is valid only in India. NRE cardholders receive a globally valid debit card that can be used for making purchases and to withdraw funds.