If you are a Non-Resident Indian (NRI) looking to park your foreign currency savings in India, an FCNR (B) deposit may be an option to consider. But many Non-Resident Indians (NRIs) may be in a situation where they may want to open an FCNR (B) account with a close relative staying in India. This can be useful when an NRI wants to keep the deposit in foreign currency while also having a close family member associated with the account for easier handling in India. But are NRIs allowed to open such a joint account?
