https://www.taxtmi.com/notifications?id=3819 Authorised dealers/banks may allow a resident Power of Attorney to operate an NRE account only for withdrawals for local payments or remittance to the account holder, and, if the account holder or a designated bank is eligible to invest in India, to facilitate such investments; the resident Power of Attorney holder is prohibited from repatriating funds outside India except to the account holder, from making gifts to residents on behalf of the account holder, and from transferring funds to another NRE account. en-us Fri, 01 Apr 2005 00:00:00 +0530 Sat, 04 Oct 2008 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3819 Authorised dealers/banks may allow a resident Power of Attorney to operate an NRE account only for withdrawals for local payments or remittance to the account holder, and, if the account holder or a designated bank is eligible to invest in India, to facilitate such investments; the resident Power of Attorney holder is prohibited from repatriating funds outside India except to the account holder, from making gifts to residents on behalf of the account holder, and from transferring funds to another NRE account. Notifications FEMA Fri, 01 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3819