How to Convert Resident Account to NRO Account

An NRO account is used by NRIs to maintain and manage the income generated in India. A person with NRI status needs to open an NRO account to park all their Indian earnings.


It is mandatory to convert the existing savings account to an NRI account before moving to another country. When a person initiates the bank account conversion process, the bank converts his/her existing savings account to an NRO account. The NRO account opening process can be done online or by visiting the bank’s branch where you have a resident account. The account number of the new account is the same as the previous one. The funds are automatically transferred to the NRO account.

The Process to Convert a Resident Account to an NRO Account

These steps are indicative and may vary from bank to bank.

  • Contact or visit the bank where you have your resident account.
  • Fill in the account conversion form. Mention your KYC details along with other personal details such as point of contact, international residence proof, and visa details.
  • Carry original and attested document copies at the time of form submission.
  • Carry receipt for any fixed deposit linked to the existing account.

After completing all the documentation and application process, The bank initiates document verification. In the final step, the resident account is converted to an NRO saving account. If you wish to open any other NRI account, you need to mention it at the time of conversation. A person can also open NRO fixed deposits to invest in India and benefit from higher fixed deposit interest rates for NRIs.

Documents Required for Converting Resident Account to an NRO Account

  • Proof of NRI status
  • Identity proof
  • Photograph in passport size
  • Proof of overseas address
  • FEMA declaration form
  • FATCA declaration form

Important Points to Remember Before Converting Resident Account to NRO Account

  • Account conversion charges vary from one bank to another.
  • It is mandatory to declare your NRI status before opening the NRO account.
  • Interest earned on deposits in an NRO account is not tax-free.

You can open a new NRO account or convert your existing resident account by following a few simple steps online. Modern banking systems have simplified the process to provide quick services to customers.


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