Question
An Ordinary Non-Resident Account (NRO) can be opened
with:Solution
An NRO (current/ savings) account can be opened by any person resident outside India with inward remittances from outside India, legitimate dues in India and transfers from other NRO accounts are permissible credits to NRO account. When a resident Indian becomes a person resident outside India, his existing resident account should be designated as NRO account.
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