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India eases rules for NRIs and foreigners to open joint bank accounts with family, boosting remittance flexibility under exchange rules.
Indian authorities have updated rules for Non-Resident Indians and foreign citizens opening joint bank accounts with resident family members, allowing greater flexibility in fund management while ensuring compliance with foreign exchange regulations.
The changes permit easier remittances and account maintenance, provided all parties adhere to Know Your Customer norms and reporting requirements.
The move aims to support diaspora families while maintaining financial transparency.
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India facilita las reglas para que los NRI y los extranjeros abran cuentas bancarias conjuntas con la familia, aumentando la flexibilidad de las remesas bajo las reglas de intercambio.