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Can an investor under PIS make an investment on repatriation basis as well as non-repatriation basis ?

April 26, 2017basis Investment investor non-repatriation PIs Repatriation

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Can an investor under PIS make an investment on repatriation basis as well as non-repatriation basis ?

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Yes. Investment can be made on repatriation as well as non-repatriation basis. However, the investor will have to open NRE account as well as NRO account with the Designated Bank. The sale proceeds of Non repatriable investment can be collected in NRO A/c only.