The redemption proceeds get processed in the normal course by the investor submitting the redemption request form.
The redemption proceeds will be paid by cheque or credited to the first unit-holder's account.
Where the purchase of units is made on a non-repatriable basis, the maturity proceeds/repurchase price of units (after payment of taxes) will not qualify for repatriation and may be credited to the NRO account.
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