Apply for NRO Rupee Current Account by Kotak Mahindra Bank

Home

Services

Products

Help

Get App

Apply Now

Frequently Asked Questions

In which currency is my NRO current account maintained?

Your NRO current account will be maintained in Indian Rupees.

Was this information helpful to you? Yes No

Can I repatriate funds held in my NRO current account?

RBI allows repatriation of balances held in NRO current account up to one million USD or equivalent per financial year for bonafide purposes (For e.g. education, medical expenses, employment etc.) with documentation. However, Indian income earned in the current FY (like rent, dividend) can be repatriable as per the above criteria.

Was this information helpful to you? Yes No

What is the minimum amount required to open a NRO current account?

The minimum amount required to open NRE current account is Rs. 25,000/- or its equivalent in foreign currency. You would be required to maintain an Average Monthly Balance of Rs. 25,000/- only.

Was this information helpful to you? Yes No

How is average monthly balance (AMB) calculated?

Average monthly balance is the sum of daily closing balance of all the calendar days in a month divided by the number of days in that month.

Was this information helpful to you? Yes No

Can I have a joint account holder in my NRO current account?

Yes, you can open NRO current account with Non Resident Indians / Person of Indian Origins / Resident Indian as a joint holder.

Was this information helpful to you? Yes No

Showing 5 out of 17 items

of 4

NRO Rupee Current Account

NRO Rupee Current Account

Ready to take the next step?

Frequently Asked Questions

In which currency is my NRO current account maintained?

Can I repatriate funds held in my NRO current account?

What is the minimum amount required to open a NRO current account?

How is average monthly balance (AMB) calculated?

Can I have a joint account holder in my NRO current account?

NRI Contact Form

NRO Rupee Current Account

NRO Rupee Current Account

Ready to take the next step?

Frequently Asked Questions

In which currency is my NRO current account maintained?

Can I repatriate funds held in my NRO current account?

What is the minimum amount required to open a NRO current account?

How is average monthly balance (AMB) calculated?

Can I have a joint account holder in my NRO current account?

Related Products

NRO Rupee Current Account

NRO Platina Saving Account

NRE Platina Saving Account