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of <h1>Foreign exchange deposit accounts can have nominees under Regulation 10 for NRE FCNR NRO schemes</h1> Regulation 10 of the Foreign Exchange Management (Deposit) Regulations, 2000 permits authorized dealers to offer nomination facilities for specific deposit accounts. The provision covers accounts maintained by individual holders under various non-resident schemes including NRE, FCNR(B), NRO, NRNR and NRSR Account Schemes. Additionally, nomination facilities extend to accounts maintained by diplomatic personnel under specified sub-regulations of Regulation 4. This regulatory framework enables account holders to designate nominees for their foreign exchange deposit accounts under FEMA guidelines.
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