https://www.valueresearchonline.com/story/h2_storyView.asp?str=29684
Documentation required for US NRIs
To invest on a repatriable basis, the NRI investor must have an NRE or FCNR Bank Account in India
Some AMCs like UTI Mutual Fund now accepts investments from US citizens (NRIs). What is the documentation required? And from which account they accept the funds? NRO or NRE?
You must check with the mutual fund. Typically, individual investors should produce their Proof of identity (Photo PAN card copy or PAN card copy) and Proof of Address (any valid documents listed in section B of the KYC Application Form for Individuals). Apart from the certified true copy of the passport, an NRI investor should also provide a certified true copy of the overseas address and permanent address will also be required. If any of the documents (including attestations/certifications) towards proof of identity or address is in a foreign language, they have to be translated to English for submission. The documents can be attested, by the Consulate office or overseas branches of scheduled commercial banks registered in India.To invest on a repatriable basis, the NRI investor must have an NRE or FCNR Bank Account in India.
| Subscribe To Our Free Newsletter |
