Can NRIs keep deposits with Indian companies with repatriation benefits?

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

Answer(s)

Raju Kanumuri: 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.

Source : Reserve Bank Of India

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