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Is nomination allowed in NRO/NRE/NRSR accounts?

April 26, 2017accounts allowed nomination NRE nro nrsr

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Is nomination allowed in NRO/NRE/NRSR accounts?

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Yes. Is repatriation of funds belonging to non-resident nominees permitted? Funds held in NRO/NRSR accounts will be allowed to be credited to the non-resident nominee’s NRO/NRSR account only and no repatriation is permitted. Remittance of funds to the non-resident nominee from the deceased person’s NRE account will be permitted by authorised dealers.