Foreign investment payment and remittance rules prescribe permitted funding accounts, issuance timelines, proceeds credits, and non-repatriation restrictions.

Regulation 3 permits non-resident investment consideration to be paid through inward remittance via banking channels or specified eligible accounts, depending on the investor category and investment type. Net sale, maturity or disinvestment proceeds may generally be remitted abroad or credited to permitted accounts. Equity instruments issued to non-resident investors must be issued within sixty days of receiving consideration; otherwise, the amount must be refunded within the following fifteen days. Non-repatriation investments by NRIs and OCIs require proceeds to be credited only to the NRO account and prohibit repatriation of invested amounts and capital appreciation.

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