https://www.taxtmi.com/acts?id=20785 Non-repatriable deposits from NRIs and PIOs may be accepted by Indian proprietorship concerns, firms, companies and eligible NBFCs, subject to a maximum three-year maturity, applicable interest limits and NRO-account-only funding. The deposits cannot represent inward remittances or transfers from NRE or FCNR (B) accounts. Deposit acceptors must meet applicable legal requirements, and, except for NBFCs, cannot use deposits for relending, agricultural or plantation activities, real estate business, or related investments. The deposited amount cannot be repatriated outside India. en-us Thu, 07 Apr 2016 12:06:00 +0530 Tue, 08 Sep 2026 17:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20785 Non-repatriable deposits from NRIs and PIOs may be accepted by Indian proprietorship concerns, firms, companies and eligible NBFCs, subject to a maximum three-year maturity, applicable interest limits and NRO-account-only funding. The deposits cannot represent inward remittances or transfers from NRE or FCNR (B) accounts. Deposit acceptors must meet applicable legal requirements, and, except for NBFCs, cannot use deposits for relending, agricultural or plantation activities, real estate business, or related investments. The deposited amount cannot be repatriated outside India. Act-Rules FEMA Thu, 07 Apr 2016 12:06:00 +0530 https://www.taxtmi.com/acts?id=20785