NRO Rupee Savings Account in Kotak Bank Kotak Bank

September 30, 2013 04:43
 NRO Rupee Savings Account in Kotak Bank

What is NRO Rupee Savings Account?

Bank and easily access your Indian income and earnings with an NRO Savings account. You can also easily credit your account from anywhere in the world.

Features and Benefits

Deposits from any source in India and abroad are accepted subject to repatriation restrictions for foreign currency

Pension, dividend, rent, and other current income can be repatriated on completion of documentation

Transfer amounts up to a limit of USD 1 million eachfinancial year on completion of documentation

Settle your International Credit Card dues through your NRO account for cards issued by banks in India

The principal amount in an NRO Account is completely tax free while the interest earned is taxed* at 30% plus applicable surcharge and education cess (interest income less than Rs. Ten Lakhs)

If you enjoyed this Post, Sign up for Newsletter

(And get daily dose of political, entertainment news straight to your inbox)

Rate This Article
(0 votes)