what is NRO account
An NRO account is kept in Indian rupees and cannot be converted and repatriated into foreign currency. NRO Account Example: For example, a NRO Account is generally opened in India as a normal bank account by an Indian national before leaving the country to work abroad.A Non-Resident Ordinary or NRO Account allows Indian nationals working abroad to receive funds in Indian rupees or in foreign currency.n NRO account is kept in Indian rupees and cannot be converted and repatriated into foreign currency. NRO Account Example: For example, a NRO Account is generally opened in India as a normal bank account by an Indian national before leaving the country to work abroad.