https://www.taxtmi.com/circulars?id=52626 Non-resident close relatives may be joint holders in resident bank accounts on an Either or Survivor basis while the account remains a resident bank account; the NRI cannot credit their own proceeds, may operate the account only for the resident for domestic payments without creating beneficial interest, and must notify the bank to reclassify the account as NRO if they become the survivor, with banks obtaining a signed FEMA compliance declaration. en-us Thu, 09 Jan 2014 00:00:00 +0530 Thu, 09 Jan 2014 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52626 Non-resident close relatives may be joint holders in resident bank accounts on an Either or Survivor basis while the account remains a resident bank account; the NRI cannot credit their own proceeds, may operate the account only for the resident for domestic payments without creating beneficial interest, and must notify the bank to reclassify the account as NRO if they become the survivor, with banks obtaining a signed FEMA compliance declaration. Circulars FEMA Thu, 09 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52626