In the event of the NRI returning from overseas on a permanent basis the NRE Accounts I to be redesignated as resident accounts or the funds held in these accounts may be transferred to RFC accounts if the account holder is eligible for maintaining RFC account.

Nomination can be in favour of resident or non-resident

• Remittance abroad by Non-Resident Nominee:
  Banks may allow remittance of funds abroad, or funds may be credited to NRE or FCNR deposits.
• Remittances abroad by Resident Nominee:
  Funds are to be credited to the ordinary SB account. If the nominee wants to remit funds outside India for meeting the liabilities of the deceased, should obtain permission from RBI.