When it comes to opening different types of bank accounts, eligibility rules differ depending on the person’s residential status and the type of bank account they want to open. Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) cannot open a regular resident savings account in India, but they can open Non-Resident Ordinary (NRO), Non-Resident External (NRE) and Foreign Currency Non-Resident (Bank) [FCNR(B)] accounts in India? Know what banking rules say about opening these accounts
