POA Holder can make withdrawals from the account only for local payments. The POA Holder is permitted to operate the Account to make investments on behalf of the account holder, if the account holder or the bank designated by him has been permitted by RBI.

However, the POA 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.