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> He couldn't go ahead with the process because bank account opening was a challenge For NRI's who do go to India, just go to any big bank like ICICI, HDFC etc
by sumedh 4y ago
> He couldn't go ahead with the process because bank account opening was a challenge
For NRI's who do go to India, just go to any big bank like ICICI, HDFC etc. They will give you special treatment simply because of you are an NRI. Once your bank account is setup, open a Zerodha NRO account by submitting the docs to their local office. It can be done in two weeks if you have all your docs.
But yes it is a bit of a hassle especially if you want to go the NRE account route, so if this company can take away all those hassles then its a great option.
- nish93 4y agoThat's true, but going to India is not frequent for a lot of NRIs/OCIs. Also, NRO account essentially means you are putting restrictions on repatriation of that money. For people who want to repatriate back, NRE is much better and those processes are very painful for demat accounts.