NRO account for MF investment

NRI Investing Using Domestic Bank Accounts – Y/N?

NRE Account for MF Investing, NRE and NRO account RBI guidelines, NRE and NRO accounts, NRI Investing Using Domestic Bank Accounts, NRI Investment, NRI investment using domestic bank accounts, NRO account for MF investment

Prabhat, who recently converted status from resident to NRI, asked me if it is ok to continue Mutual Funds investments & SIPs from domestic accounts. The NRI Investing Using Domestic Bank Accounts like savings or current is not allowed. So what to do if NRI invests using domestic bank accounts? Why this is so? ManyRead More