| Account Opening Form NRE/FCNR/NRO
Accounts can be opened by remittance from abroad through banking channel by way of TT,
DD, MT or by deposit of foreign currency cheques/drafts or from existing NRE / FCNR
accounts.
For opening of accounts by foreign currency travellers cheques(FCTC) & foreign
currency notes(FCN)
FCN & FCTCs should be deposited directly by NRI depositors themselves on their
short visit to India.
For foreign currency notes exceeding equivalent of US$ 5000 or FC / TC together
exceeding US$ 10000, Currency Declaration Form (CDF) to customs authority is required.
Account can be opened (click for form)
jointly with NRI but not with resident in respect of NRE and FCNR Accounts.
Operation in NRE/NRO account by PA holder allowed for local disbursement and permitted
investments.
|