Is it possible for NRI to open ordinary joint savings a/c with other party who is Ordinary resident, if other party is
1) relative
2) non relative
Nabeel Nazar (Student) (3 Points)
22 January 2017Is it possible for NRI to open ordinary joint savings a/c with other party who is Ordinary resident, if other party is
1) relative
2) non relative
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 22 January 2017
No for ordinary Resident INR acc
Yes for Non-Resident Ordinary Rupee Account Scheme (only Relative)
Refer: https://www.rbi.org.in/scriptts/FAQView.aspx?Id=52
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)