How to convert the resident account to NRO account?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

It is required to convert your resident bank account to NRO account soon after your resident status changes to NRI as per income tax law in India.

If you are in India, you could visit the bank branch and fill the forms and submit supporting documents for this conversion.

If you are residing abroad, you can send the application form along with the documents. The copies of all the documents should be self-attested and notarized by the competent authority.

Topic: Convert Resident Account to NRO Account Article

Comments

Add a public comment...

Find more questions on this topic

Can I convert my savings account to the NRE bank account?
What is the penalty for not converting resident account to NRO ac?
Are securities transferred from resident to NRO account repatriable?
How to invest in the India equity market as NRI using the money in the resident Indian bank account?

Ask Your Question