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Tag: recurring or fixed deposit accounts

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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