Can NRO account receive money from abroad?

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Yes, an NRO (Non-Resident Ordinary) account can receive money from abroad.

An NRI can deposit either foreign funds or Indian income in an NRO account. While there are no restrictions on the deposit, the repatriation is subject to certain limits and conditions set by the Reserve Bank of India (RBI). NRIs can repatriate up to USD 1 million per financial year from their NRO account, provided the relevant taxes have been paid.

Topic: NRI Bank Account Feedback

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