Which Bank ac is required for NRI Mutual Fund investment in India?

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Either NRE or NRO Saving Bank Accounts (Non-PIS) can be used to invest in Mutual Funds in India. However, For NRO Bank accounts, only the gains or profits from the investments are repatriable, not the principal amount.

The NRI Mutual Funds investment should be in Indian Rupee as Asset Management Companies (AMC) in India accepts investments only in Indian currency.

Topic: NRI Account Defenition

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