Let’s check if you are eligible to convert your savings account to Non-Resident account.
- NRIs and PIOs as per FEMA definition
- Seafarers of Indian nationality/origin employed by overseas shipping companies, or
- Indian government employees with Diplomat passports, or
- Students pursuing studies in foreign countries
ELIGIBILITY CONDITIONS FOR NR ACCOUNT BASIS RESIDENTIAL STATUS
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Account Type Residential Status
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Domestic / Resident Accounts
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Non Resident Ordinary (NRO) Accounts
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Non Resident External (NRE) Accounts
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Foreign Currency (FCNR)
Deposit
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NRI
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Not-permitted
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Permitted
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Permitted
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Permitted
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PIO/OCI
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Not-permitted
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Permitted
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Permitted
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Permitted
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