On what basis is an individual resident Indians permitted to include NRI close relatives as a joint holder in resident bank account?
Indian Residents can open a resident bank account jointly with an NRI on “either or survivor” basis according to the Reserve Bank of India (RBI). The term “either or survivor” refers to the condition where both of the account holders can operate the account independently in the absence of the other. Note – The accounts in India by NRIs (like NRE, NRO or FCNR accounts), can be held by NRI jointly with a resident relative on ‘former or survivor’ basis. In this case the resident relative can operate the account as a Power of Attorney holder during the life time of the NRI/ PIO account holder.
Semicon India 2022 a conference recently being inaugurated by Prime Minister Narendra Modi in which place?
Just stop Oil climate activists were in news recently,the group is based in which country?
The union cabinet has approved and finalized the development of the new Dholera greenfield airport in which of the following states?
Recently the NATO Summit was held in Madrid. Which of the following countries took part in it for the first time?
In the TomTom Traffic Index 2023, which city has been ranked as the most congested city in the world?
In how many layers the Non-Banking Financial Company (NBFC) is classified?
What is the purpose of the MoU between Coal India Limited (CIL) and the National Skill Development Corporation (NSDC)?
Which agency was recently established by the Yogi Adityanath government in Uttar Pradesh to advance urban road infrastructure development in the state?
Which bank has agreed to a multi-year sponsorship deal with the International Cricket Council (ICC), beginning with the men’s Cricket World Cup in I...
India ’ s first indigenous aircraft carrier, INS Vikrant, was commissioned into the Indian Navy by Prime Minister Narendra Modi . What does the name m...