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Non-Resident Ordinary Rupee(NRO) Account Scheme

[Deposits in India by an NRI ]

The terms and conditions subject to which authorised dealers may open and maintain NRO accounts have been specified in Schedule 3 to these Regulations. These are similar to those contained in Part A—Section I of Chapter 13 of ECM, except that the ceiling on permitting overdraft in such accounts has been dispensed with. The authorised dealers may permit overdraft in such accounts as per their discretion and commercial judgement. For the rate of interest, inquiry from the bank concerned should be made.

 
Deposits in India by an NRI ( Non-Resident Indian)
1. Introduction- Deposits in India by an NRI
2. Non-Resident (External) Account Scheme
3. NRE account to RFC account
4. Foreign Currency (Non-Resident) Account (Banks) Scheme, i.e. FCNR (B)
5. Non-Resident Ordinary Rupee(NRO) Account Scheme
6. Non-Resident (Non-Repatriable) Rupee (NRNR) Deposit Scheme
7. Non-Resident (Special) Rupee (NRSR) Account Scheme
8. Acceptance of deposit by a company in India from NRIs on repatriation basis
9. Acceptance Of Deposits By Indian Proprietorship Concernlfirm Or A Company From Nris On Non- Repatriation Basis
10. Full convertibility of deposit scheme Non-Resident Indians
11. NRNR, NRSR Accounts To Be Discontinued On Maturity
 
 
 
 
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