FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

When to convert resident account to NRO account?

Although, there is no specified time limit mentioned in the FEMA, but once your residential status changed to an NRI, you should convert your Resident account to an NRO account at the earliest to meet your transactional requirements and avoid paying penalty charges.

Answered on

I Like It.

  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

User Reviews