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NRSR
Application-cum-Undertaking form for opening of Non-Resident (Special) Rupee (NRSR) Account
To.
………………………..
………………..
(Name and address of bank)
Dear Sir,
Opening of Non-Resident (Special) Rupee Account
*I/We request you to open a Non-resident (Special) Rupee account with your branch.
*I/We request you to convert our existing resident account no………….. with your branch to a Non-resident (Special) Rupee account. My/Our particulars are given below:
1. Name/s
2. Address/es
3. Nationality
I/We undertake to abide by the regulations framed for Non-Resident (Special) Rupee accounts. Undertaking
I/We ,(name/s)……………………………., undertake that :
I /We will not make available to any person resident in India any foreign exchange against reimbursement in India in rupees or otherwise.
I /We will ensure that investment is shares /securities or immovable property in India out of funds held in my/our NRSR account with you are governed by respective regulations of Reserve Bank of India. I/We voluntarily undertake that I/We and/or my/our heir/successor will not seek repatriation of funds held in my/our NRSR a/c with you and /or any income/interest earned thereon at any time.
Place………… (Signature/s) ………………………
Date………… Name/s ……………………………
Address/es………………………
….….…………………
The above information is a part of Export import business Course online
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