Who can open NRO Non-PIS account?

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NRI, PIO, and OCI are eligible to open NRO Non-PIS Bank Account in India. The NRO Non-PIS account work similar to a resident saving bank account.

This account is used to manage/invest money earned in India by the NRI. The source could include rental income, pension, royalty, etc.

An NRI can open multiple NRO accounts. The transactions in this account are not reported to RBI.



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