Whether foreign nationals of non-Indian origin residing abroad can open NRO accounts?
Earlier foreign nationals were permitted to open NRO account provided the account had been funded through remittance from abroad in an approved manner and funds were to be used for local payments only and no repatriation of balance was permissible. But in latest Exchange Control Manual, foreign national spouse of NRI can open NRO account jointly with his/her wife/husband.
Related Questions
- When a foreign national of non-Indian origin residing in Indian goes abroad for a period more than six months, should authorized dealer convert resident rupee account to NRO account?
- Are there any formalities be completed by foreign nationals of Indian origin for purchasing residential immovable property in India?
- Whether foreign nationals of non-Indian origin residing abroad can open NRO accounts?
