What is a designated bank branch?

Reserve bank of India has authorised few branches of each authorised dealer bank to conduct the business under portfolio investment scheme on behalf of NRIs. NRI can select only one authorised dealer bank for the purpose of investments under portfolio investment scheme and route the transactions through the branch designated by the authorised dealer bank.

[Right now RKSV offers the same through the HDFC /ICICI/AXIS Bank in phase manner we will launch the same with other designated bank as well].

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