What happens to the funds in an NRO account upon the death of the account holder? What happens to the funds in an SAO account upon the death of the account holder?
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nro sao
- Under what circumstances would an NRI choose an SAO account over an NRO account?
- Who is considered a Person of Indian Origin (PIO) for NRO/SAO account purposes?
- Can I have multiple NRO accounts?
- Can I avail a loan against my NRO fixed deposit? Can I avail a loan against my SAO fixed deposit?
- How does the concept of "deemed to accrue or arise in India" apply to income credited to NRO/SAO accounts? What are the rules for determining the source of income for taxation of NRO/SAO account holders?
- Are the interest rates on SAO fixed deposits different from resident fixed deposits? What is the tenure for NRO fixed deposits?
- What does NRO stand for?
- What are the reporting requirements for NRO accounts?
- What are the rules for operating an NRO/SAO recurring deposit account? What are the tax implications of interest earned on NRO/SAO recurring deposits?
- Can I invest in Treasury Bills through my NRO account?
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