Union Bank of India’s NRO (Non-Resident Ordinary) Savings Account is a type of bank account offered to Non-Resident Indians (NRIs) by Indian banks. It is designed to manage the income earned by NRIs in India, such as rent, dividends, and pensions. The funds in a NRO Savings Account are held in Indian Rupees (INR) and cannot be freely repatriated. This account allows NRIs to conveniently deposit, withdraw, and manage their Indian income while earning interest on their deposits. NRO accounts also offer benefits like bill payments, ATM access, and the ability to hold joint accounts with NRIs .