Nomination facility for foreign exchange deposit accounts enables authorised dealers to permit nominee designation for specified account types. Authorised dealers may provide a nomination facility for accounts maintained by individual account holders under the NRE, FCNR(B), NRO, NRNR and NRSR ... Summary
Nomination facility for foreign exchange deposit accounts enables authorised dealers to permit nominee designation for specified account types.
Authorised dealers may provide a nomination facility for accounts maintained by individual account holders under the NRE, FCNR(B), NRO, NRNR and NRSR deposit schemes, and for accounts maintained by diplomatic personnel under the cited sub-regulations, thereby defining the scope of permissible nominee designation for these foreign exchange deposit account types.
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