Can I have multiple NRE and NRO accounts with designated branches of different authorised banks for the purpose of investing in Indian equity markets under the Portfolio Investment Scheme?
No. All investments in Indian equity markets under the Portfolio Investment Scheme must be routed through only one dedicated NRE and NRO account opened with any one of the designated branch of authorised banks. Although you can have multiple NRO and NRE account with different banks/branches but Investments under Portfolio Investment Scheme cannot be made through more than one NRE or NRO account maintained with the designated bank branch .
Related Questions
- Can I have multiple NRE and NRO accounts with designated branches of different authorised banks for the purpose of investing in Indian equity markets under the Portfolio Investment Scheme?
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- Can NEFT be used to transfer funds from / to NRE and NRO accounts?
