NRIs: Convert Resident Savings to NRO Account Online? PNB Responds to User Query

• NRIs must convert Resident Savings Accounts to NRO accounts to avoid penalties, as per RBI rules.
• A user, Ankur, asked PNB via Twitter if he could convert his savings account to an NRO account online.
• PNB advised Ankur to contact their customer care at 1800-1800 or 1800-2021 for information.
• NRE accounts are for foreign earnings (tax-free), while NRO accounts hold Indian income (taxable).
• Digital facilities like video KYC, online fund transfers, and customer care support simplify NRI banking.