Author: Lindo


Introducing NRI account opening using the non-PIS route

NRIs can now buy and hold, on a non-repatriation basis: equity shares, convertible preference shares, convertible debenture, warrants, or units that will be considered domestic investments at par with investments made by residents using their NRO accounts. This eliminates the need for a PIS permission letter, thus opening up a whole lot of new options […]

27 Nov 2020