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NRIs can't hold normal bank a/c in India

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mohit yadav
 Reply to be mail to mohit.iipm@gmail.com
by mohit yadav on Dec 22, 2007 02:08 PM

Please reply on the response to mohit.iipm@gmail.com asap,The question asked below..

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mohit yadav
 Can one open two different nre as well as nro with two different bank
by mohit yadav on Dec 22, 2007 02:05 PM

My question is can an indiviual open a new nre & nro a/c with a xyz bank when he already have both of them form another bank,zyx

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chanakya maurya
 Too academical and rather too much of nonsensical.
by chanakya maurya on Nov 23, 2007 03:58 PM  | Hide replies

This statement :

"It is illegal for NRIs to hold normal bank accounts in India." Quote.

Sounds more like a bullshit.

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jay patel
 RE:Too academical and rather too much of nonsensical.
by jay patel on Nov 24, 2007 01:12 AM
YOU ARE RIGHT. MYSELF AN NRI, I'M SURE THOUSAND OF NRI'S HOLD REGULAR BANK ACCTS IN INDIA.
JAY

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Rajneesh
 RE:RE:Too academical and rather too much of nonsensical.
by Rajneesh on Nov 24, 2007 01:33 AM
It is bullshit but it is true.

The Finance Ministry instead of concentrating on preventing black money is putting a lot effort on minor things like this. I dont know how does it make a difference if an NRI has a savings account versus a NRO account. How does it matter to the government

Chidambaram has always targetted the easy prey i.e. the salaried class. We have our bank account with PAN info. Credit cards or any other financial services we use are totally transparent, instead of encouraging people to do so, they are coming heavily with on rules on us.

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