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Non Resident Ordinary Rupee Current Account (NRO-CA)

An NRO-CA account can be opened by remittance from abroad, or by legitimate dues in rupees of the account holder in India. The existing domestic A/C of the Resident converted to NRO A/C on their taking up business/employment/immigration abroad. Joint A/C with resident close relative is allowed. These accounts are useful for business transactions for Individuals and Institutions.

Key Benefits

  • No interest applicable on deposits

  • Funds are entirely non-repatriable

  • Avail of Cheque Book facility

  • Provision for nomination

  • Free of interest rates

Terms & Conditions

  • Only NRI's can open this account.

  • Overseas Corporate Bodies cannot open this account w.e.f.16.09.2003.

For further details, please contact the Bank of Baroda Branch nearest to you.

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