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Is transfer of funds between NRE accounts maintained by two different account holders permitted?

account accounts different funds HOLDERS maintained NRE permitted transfer

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Yes. Authorised dealers can permit transfer of funds from the NRE account of one person to the NRE account of another person. Authorised dealers can transfer funds held with them in NRE account to the account of same person held with another authorised dealer. Funds held in NRE account can also be transferred to other authorised dealer for the purpose of opening NRE account in the name of the same person provided a certificate confirming the NRE status of the account from which funds are transferred is produced. Transfer of funds by way of gift can be permitted by authorised dealer after obtaining an undertaking from the transferee/transferee’s bank that gift tax rules/regulations have been complied with.

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