- Repatriable upto 1 million USD per annum subject to conditions.
- Flexible Term Deposit tenure from 15 days (Above 5 lacs 7 days) to 10 years.
- Loan against deposit available.
- Interest is taxable.
- Nomination facility available.
- HUF account can be opened.
- Operation through POA holder subject to condition.
Permissible Credit: Inward remittances from outside India, Legitimate dues in India and transfers from other NRO accounts are permissible credits to NRO account.
Rupee gift/ loan made by a resident to a NRI/PIO relative within the limits prescribed under the Liberalised Remittance Scheme (LRS) may be credited to the latter's NRO account.