https://www.taxtmi.com/acts?id=2258 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 13:06:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2258 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. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2258