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What is the procedure to convert my resident account to a NRO account?

April 26, 2017account convert nro procedure resident

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What is the procedure to convert my resident account to a NRO account?

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To re-designate your resident account to an NRO account, you must submit a letter duly signed by all account holders with instructions to close the existing savings account and surrender all the unused Cheque Leaves and ATM Debit Card. A completely filled and signed NRI relationship form has to be submitted.