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Can an NRI invest in deposits ?

April 26, 2017deposits invest NRI

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Can an NRI invest in deposits ?

1 Answer

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Yes, NRIs can place funds in fixed deposits with public limited companies in India in certain situations. If the permission to accept deposits from non-residents was already taken by the Indian company, it is not necessary for the investor to take a separate permission. However, due to operational constraints, at this moment, FundsIndia has decided not to accept corporate fixed deposits from NRIs. It is very likely that we will revisit this decision in future. We’ll keep you posted.