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All you wanted to know about Non Resident Ordinary (NRO) Account?

 All banking and investment transactions of a non-Resident in India are regulated under Foreign Exchange Management Act (FEMA). Non-residentIndian citizensand Persons of Indian Origin (PIO) are collectively referred as Non Resident Indians (NRI).  They are allowed to have three types of bank accounts in India. Non Resident Ordinary (NRO), Non Resident External (NRE) account and Foreign Currency



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All you wanted to know about Non Resident Ordinary (NRO) Account?

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