Who can operate an NRE Account?
The following persons can operate an NRE account by the account holder, in the case of single account ; q Either or survivor (both can operate individually); q Former or survivors (only former can operate during his life time the survivor only after the death of former) q Latter or survivor (only latter can operate the account during the lifetime, the survivor only after death of latter). q Jointly by two or more persons; q By the mandate-holder through a letter of mandate signed by all the account holders who can be a resident also. q By a power of attorney holder through a power of attorney [P.A.] who can be resident also. A resident PA holder or mandate holder has powers to operate the account for the purposes of making local payments only & is not allowed to repatriate funds under any circumstances.
