As you requires I am here telling you about the eligibility to open NRO Savings Bank Account in Union Bank of India.

NRO Savings Bank Account:

Eligibility criteria to open this account :

Any person resident outside India with an authorized dealer or an authorized bank for the purpose of putting through bonafide transactions denominated in Rupees.

Opening of accounts by Individuals/
entities of Bangladesh / Pakistan nationality / ownership requires prior approval of Reserve Bank.

Period of Deposit
Term deposits –
15 days to 10 years


Opening of Account and source of credit:

On receipt of duly completed Account Opening Form (AOF) along with the documents specified there in.

Re-designating existing resident SB account

Fresh Remittances by way of TT/MT/DD/IMO/FCTC/FC

Transfer from existing NRO/NRE/FCNR(B)

Out of legitimate dues of the NRIs in India.

Operation allowed through PA Holder for domestic payments

Here is the attachment .

Attached Files

NRO saving account detail.doc (39.5 KB, 155 views)