Nri bank info and loan update
This query is : Resolved
31 July 2021
hello, if i become nri is it mandatory to tell bank that i have become nri?
if required then in how much time?
if i have any loans running for business or home loan will i have to close or those will continue?
i have been paying all my emis timely and will continue but don't want to close just because i become nri.
if required then in how much time?
if i have any loans running for business or home loan will i have to close or those will continue?
i have been paying all my emis timely and will continue but don't want to close just because i become nri.
01 August 2021
Yes, it's mandatory inform within 6 months. Your savings account has to be converted as NRO account.
No need to close loan Accounts, you can continue and make repayments.
No need to close loan Accounts, you can continue and make repayments.
02 August 2021
and sir if i someone fails to inform then what issue happens?
02 August 2021
Contact your bankers for advice in such a case.
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