When a simplified customer due diligence (CD

Under RBI guidelines for simplified CDD in case of foreign students: • A Non-Resident Ordinary (NRO) account may be opened on the basis of their passport, visa/immigration documents, a photograph, and a letter of admission from an Indian educational institution. • A declaration of the local address must be obtained within 30 days, after which the bank verifies it. • Until this verification is complete, the account is subject to certain restrictions: o Foreign remittances capped at USD 1,000 (or equivalent), and o A maximum aggregate credit cap of ₹50,000 during the 30-day period. • Students of Pakistani nationality require prior RBI approval to open such accounts. Thus, the cap on foreign remittances before local address verification is USD 1,000.