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NRIs News

The Economic Times

NRIs / The Economic Times

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Can all NRIs, PIOs and OCIs open FCNR (B), NRE and NRO accounts?

Individuals classified as Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are restricted from opening standard resident savings accounts. Alternatively, Overseas Citizens of India (OCIs) may establish resident accounts under particular conditions.

22 Aug 2026 4:09 pm