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

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
Departments & Agencies
Worldwide NRO National Review Online
News & Entertainment
Journals & Publications
Worldwide NRO Number Resource Organization
Associations & Organizations
Technological Organizations
Pakistan NRO National Reconciliation Ordinance
Law & Legal
United States NRO National Repertory Orchestra
Musical groups

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