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Tag: Facilities for Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs)

Facilities for Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs)

In terms of the Foreign Exchange Management Act (FEMA), 1999 a person resident outside India means a person who is not resident in India. What are the different types of accounts which can be maintained by an NRI/PIO in India? If a person is NRI or PIO, she/ he can, without the permission from the Reserve […]

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