Non Resident Ordinary Rupee Account rules limit repatriation and set permissible credits, debits, loan and reporting conditions. The schedule prescribes the Non-Resident Ordinary Rupee Account scheme: eligibility for non residents to open current, savings, recurring or fixed deposit NRO accounts with authorised dealers/banks, permitted credits and debits including remittance of current income net of taxes, strict repatriation restrictions requiring Reserve Bank approval with limited tourist conversions, loan and overdraft facilities against NRO deposits subject to exclusions and prudential norms, provisions for change of resident status, power of attorney operational limits, and mandatory reporting of suspicious or specified transactions to the Reserve Bank.