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13 December, 2024 at 6:20 am
An OCI cardholder can open all types of bank accounts in India that are allowed to the resident customers including NRO accounts, NRE accounts, Foreign currency non-resident bank accounts, and also domestic accounts in some cases. They can also open joint accounts with close relatives who are Indian residents.
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I have an OCI card and by this, I have opened a demat account for which I'm eligible. And I have both repatriable (NRE) and non-repatriable (NRO) Demat accounts.
There are many types of bank accounts NRO (Non-Residents Ordinary) accounts, NRE (Non-Residents External) accounts, FCNR (B) (Foreign Currency Non-Resident Bank) accounts, and Domestic accounts but I have opened NRO (Non-Residents Ordinary) accounts.
I have applied to open a bank account in India and have submitted some related documents: an OCI card, PAN card, and Form 60 (if income is less than 3 lakh).
I don’t have an OCI card but I want to go to India. I applied for an OCI application card to visit India and get multiple entries into Indian Lifelong.
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