Canadian citizenship and Indian bank accounts

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adamthorat
Member since: Aug 11

Posts: 1041
Location:
Post ID: #PID

Posted on: 07-02-15 10:40:17

Quote:
Originally posted by tamilkuravan

No need Manoj.
However, apply for OCI/PIO soonest. So you will have no further hassles.

Je Suis Bank !

Murali

OCI/PIO only allows you to have a NRO/NRE account . You can't have an ordinary resident Indian bank account on OCI/PIO/NRI status ..so you have to convert your Indian ordinary bank account to NRO/NRE if you are still living abroad.

In your case its OK , bcoz you are now residing in India ..but if you are living abroad as a Canadian citizen with OCI/PIO you can legally only have a NRO/NRE account and NOT an ordinary resident account with one of the Indian banks.

Je Suis NRO/NRE accounts !

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Canadian citizenship and Indian bank accounts

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