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NRI Accounts: Things To Know While Appointing A Mandate Holder


Mandate holder in case of an NRI is a person who is authorized to operate NRE, NRO accounts when a Non Resident Indian (NRI) is not present in India.


NRI can appoint any of his friends whom he trusts, family members, banks usually close family members are preferred as a mandate to avoid discrepancy which may arise later.

NRI Accounts: Things to Know While Appointing a Mandate Holder

How to add a Mandate Holder?

To add a mandate holder in your account, one can send or submit a Mandate form if he is not available in India.

  • Along with Mandate holder's Photograph.
  • Valid Photo ID Proof.
  • Address Proof self-attested by mandate holder.
  • Mandate holder should also carry original documents for verification.
  • Signatures of all the account holders are mandatory for mandate addition.

The set of documents along with originals needs to be submitted by the mandate holder by visiting a bank branch.

Once the mandate is registered a cheque book and an ATM card will be sent to the mandate holder at their communication address.

Things to Know While Appointing Mandate Holder

  • Only a resident individual can be a mandate holder.
  • Mandate holder can operate the account with day to day transactions.
  • However, he cannot open or close the account on behalf of the account holder.
  • Mandate holder can issue cheques to a third party. However, the chequebook will be issued in the name of primary applicant only.
  • Mandate holder cannot repatriate the funds abroad.
  • Mandate can withdraw money Only for local disbursements.
  • Mandate holder can make investments on your behalf.

One can only add one mandate holder to a single account at a time. One can anytime replace the mandate holder with a new one.

Read more about: nri banking
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