What is NRO Rupee Savings Account?
Bank and easily access your Indian income and earnings with an NRO Savings account. You can also easily credit your account from anywhere in the world.
Features and Benefits
Deposits from any source in India and abroad are accepted subject to repatriation restrictions for foreign currency
Pension, dividend, rent, and other current income can be repatriated on completion of documentation
Transfer amounts up to a limit of USD 1 million eachfinancial year on completion of documentation
Settle your International Credit Card dues through your NRO account for cards issued by banks in India
The principal amount in an NRO Account is completely tax free while the interest earned is taxed* at 30% plus applicable surcharge and education cess (interest income less than Rs. Ten Lakhs)