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of <h1>NRIs can deposit funds in Indian businesses under specific conditions with three-year maturity limits and repatriation restrictions</h1> Indian proprietorship concerns, firms, and companies may accept deposits on non-repatriation basis from non-resident Indians subject to specific conditions. Companies can accept deposits through private arrangements or public schemes, with non-banking finance companies requiring Reserve Bank registration and credit rating. Deposit maturity cannot exceed three years, with interest rates following prescribed ceilings or Reserve Bank guidelines. Deposits must be received by debiting NRO accounts only, excluding inward remittances or transfers from NRE/FCNR accounts. Accepting entities must comply with applicable laws and cannot use deposits for relending, agricultural activities, real estate business, or related investments. Repatriation outside India is prohibited.
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