Multiple choice

A joint account can be opened by an NRI with a resident in India in case of

(a) NRO account (b) NRE account (c) FCNR account

  1. (a) only

  2. (c) only

  3. (a) and (c) only

  4. Any of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An NRO (Non-Resident Ordinary) savings account is where you can maintain and manage your income earned in India such as rent, dividends, pension etc. It can be jointly held with an Indian resident or NRI. 

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