What are the exchange rate risks associated with NRO accounts? Are SAO accounts subject to exchange rate risks?
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nro sao
- What are the documentation requirements for NRI loans in India? Can I use my NRO/SAO account to pay my loan EMIs in India?
- What is the Foreign Exchange Management Act (FEMA)?
- Can I use my SAO account to pay for my child's education in India? Can I use my NRO account for medical expenses of my family in India?
- Can I use my international credit/debit card for transactions in India if I have an NRO/SAO account?
- What is the significance of residential status under the Income Tax Act for NRO/SAO account holders?
- Can I use my SAO account for medical expenses of my family in India?
- What is the difference between an NRE and an NRO account? What is the difference between an FCNR (B) and an NRO account?
- Can I invest in Sovereign Gold Bonds (SGBs) through my SAO account?
- Can a Power of Attorney holder operate an NRO account? Can a Power of Attorney holder operate an SAO account?
- Are there any charges for reactivating a dormant NRO/SAO account? What are the unclaimed deposit rules for NRO/SAO accounts?
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