26 June, 2025 at 8:40 am
Yes, as an NRI, you can open a joint account with residents in India. You can easily open an NRO/NRE or FCNR account with Indian banks under the Foreign Exchange Management Act (FEMA). Under this act, an NRI can have a NRE/FCNR (B) joint account with a relative, such as a son, wife, daughter, husband, or parents, etc, or can have an NRE joint account with any Indian resident.
NRIs can open a Joint account with an Indian relative under section 2 (77) of the Companies Act, 2013 on a Former and survivor basis. This means NRIs can open an NRE, NRO, or FCNR account as a 'Former' holder and resident or relative is the 'Survivor' secondary holder. Here are the relatives who are allowed to open a joint account with an NRI: father, step-father, mother, step-mother, son, step-son, son's wife, daughter, daughter's husband, brother, step-brother, sister, step-sister, and spouse.
Yes, NRIs can open a Joint account with Indian residents or any female member to smoothly manage finances under the FEMA regulations if you have changed your status to NRI once you moved abroad. You can open a non-resident External (NRE) account or a Foreign Currency Non-Resident Bank account (FCNR) from any Indian bank.
Yes, NRIs can have a joint bank account with Indian residents or relatives, for which they need to open a bank account such as NRE, NRO, or FCNR. For which they need to submit some of the following documents to open a joint account, such as a filled joint application form, a valid government ID like a driving license, passport, proof of address, relationship proof like PAN card, Marriage certificate, and two recent passport-size photos.
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