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How does an NRI invest in BSL PAS? |
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The NRI Docket (consisting of BSL PAS Agreement & Deutsche Bank booklet) duly completed along with Rupee cheque or Rupee draft should be submitted along with required documentation. Investors can also lodge their completed application forms with brokers appointed by BSL PAS for onward submission. All cheques/DDs must be drawn in favour of investor himself / herself and crossed "A/c payee" only and payable at the place where the application is submitted at the official point of acceptance. The NRI investor needs to give a cheque or draft in rupees from his/her NRE, NRO bank account in India. The NRI investor may also send a rupee cheque/draft issued by an exchange house abroad drawn on its correspondent bank in India. However, for an NRI to invest it is mandatory that he/she maintains a bank account in India. |
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| 2) |
What address should be mentioned on the application form? Can an NRI mention a local address for all communication? |
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The application form of Birla Sun Life PAS has a provision for local address, but the NRI Overseas Address is mandatory. If the local address is also provided, in such cases, the Indian address is registered for the purpose of contact and the foreign as an alternative address. |
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| 3) |
Will BSL PAS accept an NRI application with an overseas bank account detail? |
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No. Overseas bank account details are not accepted as the payment is in Indian rupees by way of cheque/direct credits. |
