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Sugartowner
Pilla Bewarse
Username: Sugartowner

Post Number: 32
Registered: 01-2016
Posted From: 183.83.79.188

Rating: N/A
Votes: 0

Posted on Thursday, December 07, 2017 - 8:23 am:   

It is illegal for an NRI to continue to hold their normal Resident bank accounts as per FEMA Act. (http://www.tflguide.com/it-is-not-legal-for-an-nri-to-hold-resident-saving-accou nt-or-open-ppf-account/)

The only accounts an NRI can have are in this RBI link:
https://www.rbi.org.in/scripts/FAQView.aspx?Id=52#FQ3

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