A letter of Authority Holder can make withdrawals from the account only for local payments. The letter of Authority Holder is not permitted to operate the Account to make investments on behalf of the account holder

However, the letter of Authority  Holder is not allowed:

v      to repatriate funds held in the account outside India;

v      to make payment by way of gift to a resident on behalf of the account holder; or

v      to transfer funds from the account to another NRE Account.