NRO savings account

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2 Points Posted on 03 October 2022
Can a NRI / OCI holder U.S. national maintain a NRO savings account in India even after residing in India for more than 182 days in a year.Is it necessary for resident OCI holder NRI to convert the NRO savings account to ordinary savings account and vice versa depending upon his residential status ?
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On 03 October 2022 at 12:32 Report
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SEO Sai Gr. Hosp.
212441 Points Posted on 10 October 2022

Yes, you need to inform bank about your residential status.

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On 10 October 2022 at 16:48

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