Security money deposit
This query is : Resolved
14 April 2023
Can the security money, (approx Rs 200000 ) be deposited in NRI's mother's ( resident Indian) account who is a family pension holder instead of his NRO account.
14 April 2023
No. Depositor issues cheque in favor of NRI son and not in the name of his mother.
14 April 2023
That is one and same thing. When the contract is with NRI son, deposit of security with mother is questionable.
14 April 2023
You are welcome.
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