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Question #147 • Financial Education
Financial Education
Question #147

Can an NRI invest in deposits?

Non Resident Indians (NRIs) can invest in fixed deposits with public limited companies in India in certain situations. For example, if the permission to accept deposits from NRIs was already taken by the Indian company, then the investor can invest in such a deposit without taking seeking any permission separately. However, due to operational constraints, at this moment, Fincare services has decided not to accept investments in corporate fixed deposits from NRIs.
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