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Back to Top of Index Question-20: Are temporary overdrawings permitted in NRO SB accounts ?

April 26, 2017accounts index nro overdrawings permitted SB Temporary

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Back to Top of Index Question-20: Are temporary overdrawings permitted in NRO SB accounts ?

1 Answer

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10 Posted

Yes. Authorised dealers may allow such overdrawings upto Rs. 1000/- subject to the comdition that the overdrawings together with the interest payable thereon are cleared within a period of two weeks.