How does an NRI invest in BSL PAS?
The NRI Docket (consisting of BSL PAS Agreement & Deutsche Bank booklet) duly completed along with Rupee cheque or Rupee draft should be submitted along with required documentation. Investors can also lodge their completed application forms with brokers appointed by BSL PAS for onward submission. All cheques/DDs must be drawn in favour of investor himself / herself and crossed “A/c payee” only and payable at the place where the application is submitted at the official point of acceptance. The NRI investor needs to give a cheque or draft in rupees from his/her NRE, NRO bank account in India. The NRI investor may also send a rupee cheque/draft issued by an exchange house abroad drawn on its correspondent bank in India. However, for an NRI to invest it is mandatory that he/she maintains a bank account in India.
