NRI as second account holder of resident account

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Yes, a Non-Resident Indian (NRI) can be a second account holder in a joint resident savings account, provided the primary account holder is a close relative who is a resident Indian. While it's possible, it's advisable to have only one such account to avoid potential issues. Domestic cheques issued in the NRI's name can be deposited into this type of account.

Akshit Jain

Akshit Jain (Querist)
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09 January 2025 Can NRI be the second account holder of a joint resident savings account where the primary account holder is a resident? If so, are there any limits on the number of such accounts?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 January 2025 Yes, a non-resident Indian (NRI) can be a second account holder in India, but only with a close relative who is a resident Indian.

Akshit Jain

Akshit Jain (Querist)
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09 January 2025 Thank you. Can you confirm that this can be done in multiple accounts with different banks and the account can continue to remain as a regular (resident) account?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 January 2025 Have only one account multiple accounts leads to problem.

Akshit Jain

Akshit Jain (Querist)
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10 January 2025 Can a domestic check issued in the name of NRI be deposited to such an account where first holder is resident and second holder is NRI?

Akshit Jain

Akshit Jain (Querist)
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15 January 2025 Can someone reply to the query above - Can a domestic check issued in the name of NRI be deposited to such an account where first holder is resident and second holder is NRI?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 January 2025 Yes, it can be deposited.

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