Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What types of Bank Accounts an NRI can open?

April 26, 2017bank accounts NRI types

0

Posted

What types of Bank Accounts an NRI can open?

1 Answer

0

Posted

Indian nationals and persons of Indian origin residing abroad can open the following types of accounts with authorised Banks out of the funds remitted from abroad or out of Foreign Exchange brought in from abroad or out of the funds legitimately due to them in India: Non-Resident (External) Rupee Account [NRE] Foreign Currency (Non-Resident) Accounts [FCNR] Non-Resident Non-Repatriable Rupee Deposit Accounts [NRNR] Resident Foreign Currency Account [RFC] for returning Indians Ordinary Non-Resident Rupee Accounts [NRO] Special Schemes viz.