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The ultimate guide for NRIs and Indian residents for opening a joint account in India

Non-Resident Indians (NRIs) can now open joint bank accounts with Indian residents, thanks to regulatory changes made by the Reserve Bank of India in 2011. This allows NRIs to provide financial support to their families in India more easily. NRIs can only hold resident savings accounts as joint holders with Indian residents, and cannot be single holders of the resident account. ....

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