Yes, there are no restrictions on opening and maintaining multiple accounts with different banks. .

Yes, NRIs can open joint accounts with other NRIs. .

Yes, NRIs can open joint accounts with resident close relatives as defined in the Companies Act 1956, Section 2(41) and Section 6, and as per RBI circular dated 22/09/2011.

Yes, an NRI can appoint a Power of Attorney (POA) holder to make local payments from their NRE/NRO accounts and to make investments on their behalf. .

The Power of Attorney holder cannot perform the following actions:

•Open or close NRI accounts in the name of the NRI.

•Repatriate funds from the account in the form of DD/TT, etc., unless specified in the POA.Give gifts.

•Transfer funds to NRE accounts other than the NRI's principal account.

•Raise loans or execute documents on behalf of the NRI.

•Tender foreign currency or foreign currency traveller's cheques.

An individual NRI can bring USD 10,000 or its equivalent in FC, out of which a maximum of USD 5,000 can be in the form of currency notes without declaring it in the CDF. Any amount exceeding these limits must be declared to customs. The remaining amount or the entire amount can be in the form of traveller's cheques (TCs).

No, the NRI must personally deposit FC or traveller's cheques, along with their passport.

No, only credits from abroad in the form of demand drafts (DDs), telegraphic transfers (TTs), mail transfers (MTs), foreign currency, traveller's cheques, etc., can be deposited into an NRE account. Local funds should be credited to the NRO account of an NRI.