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You six things analyzed need to know while opening an NRO account number one multiple optionsnon-resident ordinary NRO accounts cane in the form of savings recurring current and fixed deposit accounts number to transfer from NRI and FAN our account allowed money can be freely transferred from an NRI or Epson AG account to an NR account however the reverse is highly restricted number three money saved in rupees reverences received from outside India in any permitted currency and through normal banking channels can be credited to an NRO account however the money is saved only rupees number four currency deposits permitted while visiting India deposits in a permitted currency can be credited to an NRO account when the account holder is touring India number five useful in paying for expenses and investments payments of local expense sand investments can be diverted from an NRO account number six can be modified to an RFC account if an NRI comes back to India for employment to manage business or take up a practice for an undefined term then his NRO account cane modified as a resident foreign currency RFC account we hope you own this useful form or download the visit our website
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