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  • Nri-1.3 Request For Converting Resident Indian Savings ...

Get Nri-1.3 Request For Converting Resident Indian Savings ...

FOR BRANCH USE: Branch Name/ Code: Receipt Date: / / Action Taken on: / / Signature NRI1.3Request for converting Resident Indian Savings Bank (SB) account into NRO SB account Account No: Account Holders.

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How to use or fill out the NRI-1.3 Request For Converting Resident Indian Savings Bank account to NRO account online

Filling out the NRI-1.3 Request Form is essential for converting your Resident Indian Savings Bank account into a Non-Resident Ordinary (NRO) account. This guide provides user-friendly, step-by-step instructions to help you complete the form online with confidence, ensuring all necessary information is accurately submitted.

Follow the steps to successfully fill out the NRI-1.3 Request Form online.

  1. Press the ‘Get Form’ button to access the NRI-1.3 Request Form and open it in an online editor.
  2. Fill in your account number, account holder’s name, and branch name/code in the designated fields at the top of the form.
  3. Indicate the date when your residency status changed from Resident Indian to NRI. Ensure this date is precise.
  4. Provide your personal details, including your full name as per your passport, maiden name if applicable, parents' names, date and place of birth, and nationality.
  5. Select your current residential status by checking the appropriate box, whether it's NRI, Person of Indian Origin (PIO), or Overseas Citizen of India (OCI).
  6. Complete the section on your current overseas address, ensuring to specify the city, state, country, and postal code.
  7. Indicate whether your current and permanent addresses are the same by checking the box, if applicable. If not, provide your permanent address.
  8. Fill in your email address, mobile number, and any relevant telephone numbers.
  9. Provide your passport and visa/work permit details, including the document issue dates and places.
  10. List and submit copies of identification documents required to prove your status, identity, current address, and permanent address.
  11. Complete the taxation details section if you are a taxpayer in any country, listing your tax identification numbers and issuing countries.
  12. Read and acknowledge the declaration and undertaking section thoroughly, then sign and date the form.
  13. Ensure that you have the necessary identification documents attested if not submitting them in person.
  14. Finally, review all the entered information for accuracy, then save your changes, download, print, or share the completed form as required.

Begin your journey to converting your account online by filling out the NRI-1.3 Request Form today!

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Unlike regular citizens of India, NRIs cannot have standard savings accounts in Indian banks. There are three popular type of bank accounts an NRI could operate i.e. non-resident ordinary account, non-resident external account and foreign currency non-resident (B) account.

In order to convert your account, please download a standard request letter by clicking on 'For converting resident Indian savings bank account into NRO savings bank account on change of residential status from 'Download Forms' and post / courier it to your home branch along with supporting documents mentioned in the ...

Process The NRI should write a letter to individual AMCs along with proof of NRI bank accounts, KYC documents, passport, overseas address proof. The mutual fund units can be held when resident status changes.

According to FEMA, continuing with the same resident status is illegal for NRIs. As per section 13 of FEMA, 1999, the person contravening the act will be liable to pay a penalty up to 3 times the amount involved in it or Rs 2 lakh when the sum is not quantifiable.

NRIs are persons who are citizens of India and are resident outside India. This account may be opened with a bank in India by NRIs living abroad and foreign citizens who are of Indian origin, i.e., Persons of Indian Origin (PIO). It may be a savings, current, fixed or recurring deposit account.

Most individuals make a mistake of continuing a resident savings account even after becoming an NRI but the law does not allow it. Or in simple words, it's ILLEGAL to hold resident savings bank account for NRIs.

The positive aspect is that in most cases, NRIs can continue to visit India for up to 181 days in the financial year and even in other cases where the period of stay in India is 120 days (and also for 365 days or more in preceding 4 years) or more or in case of Indian citizens who are not tax residents of any other ...

A declaration for redesignation of NRE/NRO account to Resident Rupee Savings account or the RFC account is required to be filled up by the returning NRI. Details such as account number, joint holder details (if any), and customer id should be filled up and signed by all account holders.

In case you simultaneously hold a non-resident account and resident account and your status is that of non-resident Indian, you need to convert your resident account to NRO. This is in line with the applicable FEMA guidelines. For the same you will have to fill-in a resident to NRO conversion request form.

Various banks in India are providing credit cards to Non-Resident Indians (NRIs) keeping in mind their financial needs. NRI Credit Cards allows individuals to easily make payments when they are abroad or in India.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232