How do banks determine the reportable status of NRO/SAO account holders under FATCA/CRS?
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nro sao
- What are the cross-border data transfer rules relevant to NRO/SAO account information? What is the role of technology in the operation and management of NRO/SAO accounts?
- What types of funds can be deposited into an SAO account?
- Can I avail a loan against my NRO fixed deposit? Can I avail a loan against my SAO fixed deposit?
- What happens if I change my residency status from non-resident to resident?
- Do all banks in India offer NRO and SAO accounts?
- Are there any digital platforms that facilitate opening and managing NRO/SAO accounts?
- Can I open a trading account with a foreign broker to invest in Indian markets as an NRI?
- Can I use my NRO/SAO account for receiving salary income earned in India? Are there any specific regulations for receiving salary income into an NRO/SAO account?
- What is the tenure for SAO fixed deposits?
- How can technology be further leveraged to enhance the experience of NRIs using NRO and SAO accounts?
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