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Can NRIs keep deposits with companies in India with repatriation benefits?

April 26, 2017Benefits companies deposits India NRIs Repatriation

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Can NRIs keep deposits with companies in India with repatriation benefits?

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Yes. NRIs are permitted to keep deposits with public limited companies in India for a minimum period of three years subject to certain ceilings/conditions. Application for the purpose is required to be made by the company receiving the deposits through an authorised dealer.

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Ans: Yes. NRIs are permitted to keep deposits with public limited companies in India for a minimum period of three years subject to certain ceilings/conditions. Application for the purpose is required to be made by the company receiving the deposits through an authorised dealer.

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Yes. NRIs are permitted to keep deposits with public limited companies in India for a minimum period of three years subject to certain ceilings/conditions. Application for the purpose is required to be made by the company receiving the deposits through an authorised dealer. 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.

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General permission to Indian companies (including non-banking finance companies registered with Reserve Bank) has been granted to accept deposits from NRIs/PIOs/OCBs with repatriation benefits subject to certain conditions.

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