A Power of Attorney is given only for operating the account & not for opening the account. Further, the operations are restricted only for making legitimate local payments and remitting funds overseas to the account holder only.

Yes, but only for local payments to be made on behalf of the account holder, In cases where the account holder or a bank designated by him has been granted permission by Reserve Bank to make investment in India, the Power of Attorney holder (POA) is permitted to operate the account or facilitate such investment. POA holders cannot, however, make gifts from NRE accounts. See similar questions...

You as a NRI account holder can authorize an Indian Resident to operate your NRI account with ABN AMRO India. You will have to execute the completed Power of Attorney application form on a stamp paper. A power of attorney can operate your rupee savings account – NRE and / or NRO savings account and can make legitimate local payments in India. See similar questions...

Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. (Persons posted in U.N. Organisations and Officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). See similar questions...

If you have gone out of India for any of the following purposes, you qualify to open a Non-Resident Account: Any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period Indian citizens working abroad on assignments with foreign Governments/Government agencies or international/regional agencies like the UNO, IMF, World Bank etc. See similar questions...

If you are on a visit to India, please follow the procedure described for a resident Indian. Please carry your passport also.If you want to open the account when you are outside India: Get your application attested by an SBI official or at the Indian consulate. You can have the application form notarized locally. Submit the application form with a copy of your passport and initial remittance to a branch of your convenience offering INB service in India. See similar questions...

A Term Deposit is a cash deposit invested for a fixed period of one, three or 12 months. You choose the term which suits you. The minimum investment is €6,348.69 (or the equivalent amount in any major currency). Bank of Ireland also provides a range of Guaranteed Bonds. These are longer term cash deposits invested for terms of eighteen months, two years, three years, four years, five years or six and a half years. You can invest as little as €3,809. See similar questions...

A resident Indian can maintain a Foreign Currency (Domestic) Account and deposit Foreign Exchange acquired from any of the sources approved by Reserve bank of India e.g. . Unspent BTQ, honorarium or gift / payment for services while on a visit outside India or received from a person not resident in India or who is on visit to India in settlement of a lawful obligation etc. Yes, a Non HDFC Bank Customer can take foreign exchange for any branch dealing in foreign exchange. See similar questions...

a. Indian citizens who stay abroad for employment or for carrying on a business or vocation or for any other purpose in circumstances indicating an indefinite period of stay outside India. b. Indian citizens working abroad on assignments with foreign Governments/government agencies or International/Regional Agencies like the UNO, IMF, World Bank, etc. c. See similar questions...

N.R. Accounts can be opened by an NRI after completing the prescribed account opening form. The form could be countersigned / introduced by a person known to the bank/ Indian Embassy/ Indian High Commission/ Notary Public in the country of residence of the account holder. See similar questions...

A power of attorney is a document authorizing another person, either a lawyer or non-lawyer, to act as your agent or "attorney" in fact. This differs from hiring an attorney as in that instance, you are asking that person to advise and represent you in legal matters. When you sign a power of attorney, you are permitting that person to act on your behalf in various situations, such as signing papers for you or taking care of your affairs. See similar questions...