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About http://www.federalbank.co.in/Content/ContentList.aspx?id=620:
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Login |Search Ordinary Non Resident Account --> Ordinary Non Resident Account document.write(myBar); Home > NRI > Ordinary Non Resident Account > Ordinary Non Resident Account (NRO) Ordinary Non Resident Account (NRO) Pages : [ 1 ] Eligibility NRO accounts can be opened by all non residents. Not only NRIs but any foreign national or entities (except of Pakistani/Bangladesh nationality/ownership) can open such accounts. Joint accounts with other non residents or residents permitted. Type of accounts All type of accounts like current, savings, fixed deposits, recurring deposits are permitted under the scheme. How to open the account When a resident become non resident his existing account can be converted to NRO account. It can also be opened by filing the prescribed account opening form and by remitting funds from abroad or local source. Permissible credits. Remittance from abroad through banking channel. Proceeds of foreign currency travellers cheques/...