Yes, only if you are a Non-Resident individual of Indian nationality or of Indian origin.
You need to maintain an Average Quarterly
Balance of Rs. 10,000/-. If you do not maintain this amount, you will be
required to pay a fee of Rs. 750 per quarter.
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Interbranch Transaction charges
Cash transactions upto Rs. 50,000 per day - FREE
Cash transactions above Rs. 50,000 per day - Rs 2.90 per Rs 1000/-
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Tax
Interest earned on the NRO account is liable to 30% tax, which is deducted at source.
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