NRO Current Account
NRO Current Account
The Non Resident Ordinary (NRO) account is ideal for your local income or funds generated in India and can be credited to this account, which can also be held jointly with resident Indians as well.
Rs.5000/-
Apply Features
- Average monthly balance to be maintained is Rs.5000/-
- Balances held in the accounts are exempt from income tax, wealth tax and gift tax.
- Any amount can be credited to this account, without limit.
- Internet Banking Services available
- Debit Card Variant is RuPay Classic Domestic
- AMC for Debit Card is applicable.
Eligibility
The NRO account can be opened by a Non-resident Indian (NRI) or a Person of Indian Origin (PIO). However if an Indian, Nepalese or Bhutanese has offices and/or branches situated in Nepal or Bhutan for any business or partnership firm established in one of these three countries he/she is not permitted to hold an NRO account.
