Originated From

Can an NRI deposit INR currency in cash in his NRO account? if so, how and upto what amount ?

Liked this question? Tell your friends about it

2 Answers

Order by
Oldest to Newest
Newest to Oldest

The answer is yes. My understanding is that there is no limit to how much you can deposit.

Source: Article in Ratekhoj.com (Pros and Cons of NRO, NRE and FCNR accounts) for comparison of NRO, NRE and FCNR accounts.

hmm... It depend on the bank and the country policy. Term deposit account policies are different for the banks.

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Does my US savings will be totally repatriable ...

I have an normal indian resident account which i was using for depositing my US earnings.recently i have got the NRI status and want to convert my account to NRO account.Does my US savings will be ...

Asked: How do I fund my Bank of India - NRO account from ...

How do I fund my Bank of India - NRO account from my ICICI savings bank account ? What are the chargers associated?

Asked: Interest income earned on NRO fixed desposit a ...

Interest income earned on NRO fixed desposit a/c is taxable at what rate? On those slab rate that is available to normal resident? 30.6% deduction from NRO a/c income is TDS or Tax. Can i claim refund ...

More Questions

Can i transfer finds from NRO account to another NRE accounts? OR how to

No, you cannot transfer money from NRO to NRE accounts. Source of funds for NRE accounts must be your earnings abroad. Since NRO accounts can have money deposited from earnings in India or abroad, banks do not allow transfer of money from NRO to NRE accounts. Source: Ratekhoj.com (Pros and Cons of ...

I am a seaman and an NRI for the last 15 years as ...

Profitshastra.com makes it easy to open NRI demat and brokerage account. Please go to the following webpage to learn step by step directions to open NRI demat account: http://www.profitshastra.com/services.html

What is the diffrence between nri - repartriable and nri

The difference if Non Resident Indians (NRI) can convert (repatriable) their Rupees into other assets or if they are not allowed (Non-Repatriable)

Can sale proceeds of a house be credited to nro account

If it's a sell of your home, then yes. Just direct the title company in writing to make the check out to that company. Las Vegas Mortgage Irvine Mortgage Jacksonville Refinance ACL brace