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NRO BANK ACCOUNT

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(Querist)
27 July 2023 ONE OF THE STUDENT STAYING ABROAD FOR STUDIES PURPOSE , SHE LEFT INDIA LAST F.Y 2022-23. SHE STAYING INDIA FOR 175 DAYS IN LAST F.Y . SO SHOULD WE CHANGE STATUS OF SAVING BANK ACCOUNT TO NRO ACCOUNT AS PER FEMA GUIDELINES.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 July 2023 When a person resident in India leaves India for a country (other than Nepal or Bhutan) for taking up employment or for carrying on business or vocation outside India or for any other purpose indicating his intention to stay outside India for an uncertain period, his existing account should be designated as a Non- Resident (Ordinary) Account.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 September 2024 Good Luck.
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