As per
instructions of Reserve Bank of India (RBI) contained in RBI Circular no.
RBI/2012-13/75 DBOD No.Dir.BC.1/13.03.00/2012-13 dated 02.07.2012 (copy
available at RBI Website), when a resident becomes a Non Resident Indian (NRI),
his/ her existing normal resident accounts should be converted in NRO Account.
The
said stipulation is applicable to all Banks operating in India as well as all
type of accounts i.e. Savings / Current / Fixed Deposits etc, so being a
statutory requirement we advise you to approach your Bank for conversion of
your Normal Accounts to NRO Account, for this your bank may ask for copies of
Passport & Visa / Green Card / OCI Card etc. Conversion of Normal Account
to NRO Account is a simple process and will not change your account no. / ATM
Card / Internet
Banking
Pass
Details and other operative instructions are
available in the said RBI Circular
For other details / queries, drop a mail at prashant.singh@sbi.co.in
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