Redemption proceeds are credited directly to the investor’s registered NRE or NRO bank account in India, depending on the selected mode of investment.
Repatriable (NRE Account):
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Proceeds are credited in Indian Rupees (INR) to the NRE account.
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Funds are freely repatriable abroad without restrictions.
Non-Repatriable (NRO Account):
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Proceeds are credited to the NRO account.
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Subject to tax deductions and repatriation limits as per RBI guidelines.
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Investors may repatriate funds abroad by submitting Form 15CA/CB and required documents through their bank.
Essential Details:
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AMCs cannot credit redemption or dividend proceeds to overseas bank accounts.
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All payments are made in INR, as mandated by SEBI and RBI regulations.