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Can an NRI have investments under PINS on repatriation and non-repatriation basis?

April 26, 2017basis investments non-repatriation NRI pins Repatriation

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Can an NRI have investments under PINS on repatriation and non-repatriation basis?

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Yes. Investment can be made on repatriation as well as non-repatriation basis. However, an NRI will have to open NRE account as well as NRO account with designated bank branch as the sale proceeds of non-repatriation investment can only be credited to NRO account.