Are there any RBI restrictions or income tax implications when moving dollars from a US broker to Vested, especially if these dollars were received as dividends?

Are there any RBI restrictions or income tax implications when moving dollars from a US broker to Vested, especially if these dollars were received as dividends?

You can move your dividend funds from a US broker to Vested without any RBI restrictions. Regarding income tax, transferring these funds and investing them does not create a taxable event. Tax obligations only arise when you sell an investment or receive additional dividend income.

For more information on relevant RBI regulations, please refer to these links:
  1. ESOP/RSUs are categorized under Overseas Portfolio Investments (OPI). For details, refer to section 1f.
  2. OPI transactions fall under RBI's Liberalized Remittance Scheme (LRS), allowing reinvestment within 180 days. For more details, see section 17.