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Savings Bank account maintained by residents in India –Joint holder - liberalisation.

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....alisation Attention of Authorised Dealer (AD) banks is invited to Regulation 2(vi) of FEMA Notification No. 5 dated May 3, 2000 in terms of which Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India or is a person of Indian origin. 2. The Committee to Review the Facilities for Individuals under the Foreign Exchange Management Act, 1999 has recommended in ....

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