• Existing account whatever be the type should be redesign Ted as NRO, on attaining the NRI status.
• can be held jointly with resident.
• No conversion of the account as resident if the account holder visits India temporarily.
• All types of accounts can be opened.
• All bonafide credits and debits can be allowed duty is cart on Ads to observe and  report any transactions that bounds reimbursement in rupees against foreign exchange.
• No repatriation of balances except in the following circumstances, where the identity of the credit is not lost (i.e.) amount credited through foreign inward remittance), Interest earned on the NRO account.
• Form a 4 should be completed for all credit transactions for Rs 100000/- and above. With regards to debit transactions form A4 is to be completed only if the transactions related to investments in shares/securities commercial paper of Indian companies or for the purchase of immovable property in India if the amount involved is Rs 100000/- or above.
• *Loans /OD may be granted to the account holders against the security fixed deposits except when the purpose is for relending agri/plantation activities/real estate business.
• Time to liquidate the facilities other than for the exceptions situated in above can be extended up to one year from the date of departure or original due date of the facility whichever is longer.
• Loans/ODs to third parties against the security of NRO deposits can be granted except for the ones stated in *
• TOD in savings only up to limit of Rs 20000/- only to be liquidated within two weeks. All facilities can be closed by fresh inward remittance or out of balances in NRE/FCNR.
• If closed through local rupee source interest at commercial should be charged.
• Nominations either in favour of a resident or a non resident in available.
• Tds is applicable irrespective of quantum of interest earned.