NRO account eligibility for tourists allows repatriation on departure if only foreign funds and interest have been credited. Tourists may open an NRO (current or savings) account funded by remittances from abroad or sale of foreign exchange brought into India; the account may not be credited with local funds except interest, and if maintained without local credits and for not more than six months the balance may be paid to the holder on departure.
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Provisions expressly mentioned in the judgment/order text.
NRO account eligibility for tourists allows repatriation on departure if only foreign funds and interest have been credited.
Tourists may open an NRO (current or savings) account funded by remittances from abroad or sale of foreign exchange brought into India; the account may not be credited with local funds except interest, and if maintained without local credits and for not more than six months the balance may be paid to the holder on departure.
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