Skip to content
Banking School
Banking News & Information Portal
Banking School
  • Home
  • Accounting
  • Banking and Financial news
  • Deposits
  • Ethics
  • Financial Analysis
  • Foreign Exchange
  • Income Tax
  • Indian Financial System
  • Information Technology
  • Investment and Insurance
  • Loans and Advances
  • Mortgage Laws
  • Negotiable Instrument Act
  • Risk Management
Search:
Banking School
  • Home
  • Accounting
  • Banking and Financial news
  • Deposits
  • Ethics
  • Financial Analysis
  • Foreign Exchange
  • Income Tax
  • Indian Financial System
  • Information Technology
  • Investment and Insurance
  • Loans and Advances
  • Mortgage Laws
  • Negotiable Instrument Act
  • Risk Management

Daily Archives: August 15, 2024

You are here:
  1. Home
  2. 2024
  3. August
  4. 15

Permitted Accounts in India for NRIs and PIOs

Deposits, PPBBy Surendra NaikAugust 15, 2024

In terms of Regulation 2 of FEMA Notification No.13 dated May 3, 2000, Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India. A person of Indian Origin (PIO) means a citizen of any country other than Bangladesh or Pakistan who had (a) at any time held an Indian passport…

Special Non-Resident Rupee Account:  SNRR account in India

Foreign Exchange, PPBBy Surendra NaikAugust 15, 2024

Any person resident outside India can open an SNRR account with authorised dealer bank in India having a business interest in India. This account is required to carry out bonafide transactions in rupees which conform with the provisions of the FEMA Act, rules, and regulations made thereunder. However, the Opening of SNRR accounts by Pakistan…

Go to Top