Q: Can an OCI be given Power Of Attorney?
Q: How long will it take to process an application?
A: can you please mention the application name which you want to process.
Q: Does NRI need Aadhar card for bank account in India?
A: NRI need not link their aadhar card with the bank account. If you are an NRI and want to apply for aadhaar card then you must stay in India for a minimum period of 182 days in a current financial...
Q: Can an NRI purchase securities by subscribing to an issue? What are the approvals required?
A: The issuing company is required to issue shares to NRIs on the basis of specific or general permission from GoI/RBI. Therefore, individual NRI need not obtain any permission.
Q: What are the permissions required for off-market transfer of securities?
A: From NRI to NRI no permission is required but from person resident and to person outside India no permission is required to person resident in India (Gift) From person resident in - Application to...
Q: Can Power Of Attorney holder credit proceeds of foreign currency notes and traveler's cheque to the NRE account?
A: No POA holder cannot proceed with foreign currency notes and traveler's cheque to the NRE account.
Q: Who can be a mandate holder?
A: A mandate holder should be one of the blood relatives and should be an authorized Indian resident to operate your NRI account in India. You have to fill and submit a mandate holder form along with...
Q: What is the minimum amount for deposits?
A: * NRE Savings Account – INR 10,000 for Metro& Urban Branches and INR 5,000/- for Semi-urban & Rural Branches and minimum term deposit is INR 25,000
* NRO Savings Account - INR 10,000 for Metro&...
Q: Can NRE accounts operate by a mandate holder?
A: Yes, operation of account through a Power of Attorney (POA) holder is allowed. A POA holder can only issue INR cheques from NRE / NRO accounts for legitimate local payments. A POA holder cannot...
Q: Are funds in my NRE account repatriable?
A: Yes, both the principal and interest are repatriable