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Can an NRI invest in foreign currency?

April 26, 2017currency foreign invest NRI

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Can an NRI invest in foreign currency?

1 Answer

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An NRI cannot make the investment in foreign currency. He needs to give us a Rupee cheque from his NRE, NRO, NRSR bank account in India. He may also send a Rupee cheque from abroad payable in a bank in India. However, for an NRI to invest, it is mandatory that he maintains a bank account in India. If you are NRI & want to start your Investments than don’t miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.