Full Form of NRO
The acronym NRO can stand for various meanings depending on the context. Below are some of the most common interpretations:
- Non-Resident Ordinary Account:
- A type of bank account in India for non-resident Indians (NRIs) to manage their income earned in India.
Features include:
- Repatriable funds: Allows money to be transferred abroad.
- Tax benefits: Interest earned is subject to tax based on Indian regulations.
National Research Organization:
- Refers to institutions focused on conducting research in various fields.
Examples include:
- Government research labs.
- University-affiliated research bodies.
National Reconnaissance Office:
- A U.S. government agency responsible for the design, construction, and operation of the nation’s reconnaissance satellites.
Roles include:
- Intelligence gathering: Supports national security and defense.
- Satellite operations: Manages the nation’s satellite systems.
Non-Resident Owner:
- Used in real estate and property management to describe owners who do not live in the property they own.
When using the term NRO, it’s essential to consider the context to understand its specific meaning.