Summary of NRI Account Conversions:
|
| Old Account Type: | New Account Type | Conversion Allowed | Required Documents |
Individual account | NRE account | No | You need to close the existing account and open a new account with a new category. |
| NRO: repatriable | NRE: non-repatriable | No | You must close the existing account and open a new one with a new category. |
| NRO | Individual | yes | - KRA Form (Individual)
- PAN Card
- Address Proof (Indian)
- Bank Modification Form
- Bank Proof (Indian)
- Single Modification Form (attached)
- Address Modification Form (if more than one holder)
|
| NRE | INDIVIDUAL | Yes | - KRA Form (Individual)
- PAN Card
- Address Proof (Indian)
- Bank Modification Form
- Bank Proof (Indian)
- Single Modification Form (attached)
- NRE Declaration Form (attached)
- Address Modification Form (if more than one holder)
|
| NRE | NRO | Yes | - KRA Form (Individual)
- PAN Card
- Address Proof (Foreign)
- Address Proof (Indian)
- Bank Modification Form
- Bank Proof (NRO)
- Single Modification Form (attached)
- NRE Declaration Form (attached)
- Address Modification Form (if more than one holder)
|
| INDIVIDUAL | NRO | Yes | - KRA Form (Individual)
- PAN Card
- Passport with VISA (First & Last Page)
- Address Proof (Foreign)
- Bank Modification Form
- Bank Proof (NRO)
- Single Modification Form (attached)
- Address Modification Form (if more than one holder)
|