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March 2013

Opening of NRO accounts by individuals of Bangladesh Nationality.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, Nationals of Bangladesh are permitted to open Non-Resident Ordinary (NRO) accounts in India only after obtaining RBI approval.

This circular permits Nationals of Bangladesh who hold a valid visa and a valid residential permit issued by Foreigner Registration Office (FRO) / Foreigner Regional Registration Office (FRRO) concerned to open a NRO account without obtaining RBI permission. However, entities of Bangladeshi ownership will continue to require RBI permission for opening Bank accounts in India.

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March 2013

Opening of NRO accounts by individuals of Bangladesh Nationality.

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March 2013

Opening of NRO accounts by individuals of Bangladesh Nationality.

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Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt

Foreign Exchange Management Act, 1999 – Import of precious and semi precious stones – Clarification