FCNR Account » Eligibility
With the exception of persons of Indian origin from Bangladesh and Pakistan, all NRIs and PIOs are eligible to maintain an FCNR account with an authorised bank in India.
- Accounts may be opened with funds remitted from outside, existing NRE/ FCNR accounts, etc.
- Remittances should be in the designated currency.
- Conversion to currency other than the designated currency also permitted at the risk and cost of the remitter.
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