Hi, As soon as you become non-resident as per provisions of FEMA, 1999 you should immidiately get your regular savings account converted into NR-O account as per extant law.
On 11/19/23, Harshit Lohia <[email protected]> wrote: > Hi Sagar, > NR-O account can be opened by non resident Indian if they have income > in India. Such income can be credited into this account. Even existing > savings account can be converted into NR-O account. However, there is > some restriction on repatriation of funds outside India though the > restriction limit is substantially high > NR-E account can be opened by non-resident Indians for their income > earned outside India. They can remit their overseas income into this > account and repatriate the same anytime without any restriction. > Remember: > 1. Both the accounts can be opened only in Indian currency > 2. exchange rate risk is borne by the account holder > > However, if you want to avoid exchange rate risk you can consider > opening FC-NR bank account. The catch is that this account can be > opened only in specified foreign currency and available only as fixed > deposit. > > > Hope this helps > > Regards > Harshit > > On 11/19/23, Yamuna Jivana Dasa (Yoganathan Khandoo) <[email protected]> > wrote: >> Hi Sagar, >> >> I am also OCI holder and have opened NRE/NRO account for NRIs at ICICI >> Bank. >> >> The Web interface is accessible with screen-reader such as Jaws and NVDA. >> >> Without sighted help, I have used it to add payment recipients, make >> payments, view account balances, downloading detailed transaction history >> by >> specifying dates and other download criteria, and buying airtime for my >> phone as well as for validating Netbanking payments from external >> providers. >> >> I also like the fact that you can download transaction history in XLSX >> format and not only in PDF format. >> >> If you wish to open with ICICI Bank, I can show you around with Jaws Etc. >> >> >> >> Thanks. >> >> Yamuna Jivana dasa >> >> >> >> From: [email protected] >> [mailto:[email protected]] >> On Behalf Of Sagar Verma >> Sent: Tuesday, May 23, 2023 3:31 PM >> To: [email protected] >> Subject: [AI] Inquiry with regards to bank accounts >> >> >> >> Greetings everyone, got the following question, as an oci holder, which >> bank >> is good for non-resident account? >> >> NRE/Nro? Should be screen reader, friendly >> >> >> >> With kind regards, >> >> Sagar. >> >> Join my WhatsApp group in which we assist uses from an accessibility >> point >> of view, regarding apple and apples services and products. >> >> Join the jailbreak community if you want to get the most freedom out of >> your >> iOS devices, if you are into customisations. >> >> Whatsapp+61415104029. >> >> >> >> >> >> Sent from my iPhone >> >> -- >> Disclaimer: >> 1. Contents of the mails, factual, or otherwise, reflect the thinking of >> the >> person sending the mail and AI in no way relates itself to its veracity; >> >> 2. AI cannot be held liable for any commission/omission based on the >> mails >> sent through this mailing list.. >> >> >> Search for old postings at: >> http://www.mail-archive.com/[email protected]/ >> --- >> You received this message because you are subscribed to the Google Groups >> "AccessIndia" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected] >> <mailto:[email protected]> . >> To view this discussion on the web visit >> https://groups.google.com/a/accessindia.org.in/d/msgid/accessindia/C9C15118-1A00-4E75-BBA1-25DF50D7989B%40gmail.com >> <https://groups.google.com/a/accessindia.org.in/d/msgid/accessindia/C9C15118-1A00-4E75-BBA1-25DF50D7989B%40gmail.com?utm_medium=email&utm_source=footer> >> . >> >> -- >> Disclaimer: >> 1. Contents of the mails, factual, or otherwise, reflect the thinking of >> the >> person sending the mail and AI in no way relates itself to its veracity; >> >> 2. AI cannot be held liable for any commission/omission based on the >> mails >> sent through this mailing list.. >> >> >> Search for old postings at: >> http://www.mail-archive.com/[email protected]/ >> --- >> You received this message because you are subscribed to the Google Groups >> "AccessIndia" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To view this discussion on the web visit >> https://groups.google.com/a/accessindia.org.in/d/msgid/accessindia/009a01da1a53%24fa06ac40%24ee1404c0%24%40gmail.com. >> > > > -- > Thanks & Regards > Harshit Lohia > -- Thanks & Regards Harshit Lohia -- Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Search for old postings at: http://www.mail-archive.com/[email protected]/ --- You received this message because you are subscribed to the Google Groups "AccessIndia" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/a/accessindia.org.in/d/msgid/accessindia/CAJDDuoz%2BkX-vW5GnMmMyHJux2u1eSyQGUwCSgpXznb%2BTT6o2Ug%40mail.gmail.com.
