NRO

Definition : Non-Resident Ordinary
Category : Business » Banking
Country/Region : India India
Popularity :
Type :
Initialism

What does NRO mean?

Non-Resident Ordinary (NRO) is a bank account meant for a Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) that allows to maintain and manage their income earned in India such as rent, dividends, pension etc. Any NRI can open an NRO account. Funds originating from India can only be deposited in an NRO account. NRO account is taxable.

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We have found 6 more results for NRO
United States NRO National Reconnaissance Office
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Worldwide NRO National Review Online
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Worldwide NRO Number Resource Organization
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Pakistan NRO National Reconciliation Ordinance
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United States NRO National Repertory Orchestra
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Frequently Asked Questions (FAQ)

What is the full form of NRO Account?

The full form of NRO is Non-Resident Ordinary

What is the full form of NRO in Business?

Non-Resident Ordinary

What is the full form of NRO in India?

Non-Resident Ordinary