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INVESTMENT OPPORTUNITIES TO NRIs
What does NRI stand for in the context of foreign exchange regulations in India?
NRI stands for Non-Resident Indian, referring to an Indian citizen or person of Indian origin who resides outside India for employment, business, or other purposes indicating an indefinite stay abroad.
Can NRIs invest in Indian company deposits (NCDs) on a repatriation basis?
Yes, NRIs can invest in NCDs on repatriation basis with RBI approval.
Which accounts are NRIs permitted to open in India for investment purposes?
NRIs are permitted to open NRE (Non-Resident External), NRO (Non-Resident Ordinary), and FCNR(B) (Foreign Currency Non-Resident Bank) accounts in India for investment and remittance purposes.
What type of bank account must NRIs use to route PIS transactions?
NRIs must route PIS transactions through a designated NRE or NRO bank account.
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