If you are an NRI, the RBI permission is required for NRI’s depending on the category as given below :
S.NO Category of your Account Sale or Purchase Remarks
1 Primary Market ~ Allotment Purchase No RBI permission is required for allotment on repatriable basis.
2 Primary Market Sale On repatriable basis RBI permission is required.
3 Secondary Market Sale or Purchase Repatriable or Non-repatriable basis.RBI permission is required and is valid for 5 years.
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