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NRO Current account
Sweep in Facility
Available
Ancillary Services
Free Internet banking Missed Call alert facility for obtaining account balance Free utility bills payment facility through E-pay Free Statement of Account ATM-cum-International Debit Card for Individuals
Repatriation
Principal upto USD 1 Million. Subject to FEMA 2000 guidelines from time to time
NRO Current account
Currency & Fund Transfer
Currency
Indian Rupees (INR)
Fund Transfer
- Free Funds Transfer within the bank (Self A/c or Third party A/c)
- Free NEFT/RTGS Facility through internet banking
- Collection of Cheques and payments across Bank of India locations all over the country
Interest & Taxation
Interest
Not applicable
Taxation
Interest is taxable under Indian Income Tax
NRO Current account
Who can open?
NRIs (other than a person resident in Bhutan and Nepal) Individuals /entities of Bangladesh or Pakistan Nationality / ownership, and erstwhile Overseas Corporate Bodies require prior approval of RBI
Joint Account Facility
Account can be held jointly by a NRI / PIO with a Resident India
PRODUCTS YOU MAY LIKE
NRO-Current-Account
