Can I use my NRO/SAO account for receiving rental income from properties in India? Are there any specific regulations for receiving rental income into an NRO/SAO account?
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- Who is authorized to operate an NRO/SAO account held by a trust or other entity? What are the reporting requirements for NRO/SAO accounts held by trusts or other entities?
- How do the regulations for NRO/SAO accounts differ for citizens of SAARC countries? How do the regulations for NRO/SAO accounts differ for citizens of other specific countries based on treaties or agreements?
- What is the process for closing an NRO account?
- Can I use my NRO account to pay for my child's education in India?
- What happens to an NRO/SAO account when the minor attains majority? What are the specific requirements for opening an NRO/SAO account for trusts or other entities?
- Can I set up standing instructions for payments from my NRO account?
- Can a resident Indian be a joint holder in an SAO account?
- How do online and mobile banking platforms facilitate the management of NRO/SAO accounts?
- How can NRIs obtain legal and financial advice regarding their NRO/SAO accounts and other Indian investments?
- Can I receive statements for my NRO/SAO account electronically?
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