https://www.taxtmi.com/circulars?id=11286 Residents in India may include non-resident close relatives as joint holders in resident savings bank accounts on a former or survivor basis, with "close relatives" as defined in Section 6 of the Companies Act, 1956; such non-resident joint holders shall not be eligible to operate the account during the lifetime of the resident holder. Authorised Dealer banks must notify their customers. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other legal permissions. en-us Thu, 15 Sep 2011 00:00:00 +0530 Thu, 15 Sep 2011 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11286 Residents in India may include non-resident close relatives as joint holders in resident savings bank accounts on a former or survivor basis, with "close relatives" as defined in Section 6 of the Companies Act, 1956; such non-resident joint holders shall not be eligible to operate the account during the lifetime of the resident holder. Authorised Dealer banks must notify their customers. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other legal permissions. Circulars FEMA Thu, 15 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11286