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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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