NRI Corner

Your Complete Guide to Investing in India

Comprehensive guidance for Non-Resident Indians looking to invest in Indian markets through Portfolio Investment Scheme and other approved channels.

PIS Approved RBI Compliant Tax Efficient
NRI Investment Services

General Guidelines for NRI

NRI can purchase shares or convertible debenture of an Indian Company through stock exchanges, under the portfolio investment scheme on repatriation and/or non repatriation basis.

Approved Investment Options

Shares & Debentures

Purchase shares or convertible debentures of Indian companies through stock exchanges

Government Securities

Dated Government securities (other than bearer securities) or treasury bills

Mutual Funds

Units of domestic mutual funds approved by Indian regulators

PSU Bonds

Bonds issued by a public sector undertaking (PSU) in India

PSU Divestment

Shares in Public Sector Enterprises being divested by the Government of India

ETFs

Exchange Traded Funds (ETFs) on both repatriation and non-repatriation basis

Portfolio Investment Scheme (PIS)

Reserve Bank of India has authorized few branches of each authorized dealer bank to conduct the business under portfolio investment scheme on behalf of NRIs.

1

Approach Designated Bank

NRI needs to approach the designated branch of any authorized dealer bank authorized by RBI to administer PIS

2

Open NRE/NRO Account

Open a NRE (Non Resident External) /NRO (Non Resident Ordinary) account under the scheme for routing investments

3

Select Authorized Dealer

NRI can select only one authorized dealer bank for investments under PIS and route transactions through designated branch

4

Start Investing

All sale/purchase transactions are to be routed through the designated Branch under Portfolio Investment Scheme

PIS Process

NRI's FAQ & Documentation

Documentation Requirements

Documents required to open NRI/PIO/OCI trading account:

Document ensuring status of entity
Valid passport with valid Visa (Work/Student/Employment/
Resident permit)
PIO/OCI Card (if applicable)
PIS Permission Letter from designated bank
PAN Card
Overseas Address Proof (Driving License/Utility Bills/Bank statement)
Photograph of Investor
Proof of bank accounts & depository accounts

Investment Ceilings under PIS

5%
Individual Limit

Maximum investment per NRI in paid-up capital/value of debentures of listed Indian companies

10%
Aggregate Limit

Total investment by all NRIs cannot exceed 10% of paid-up capital

24%
Enhanced Limit

Can be raised to 24% if company passes special resolution

Payment Methods

Repatriation Basis

  • Inward remittance of foreign exchange through normal banking channels
  • Funds from NRE/FCNR(B) account maintained in India

Non-Repatriation Basis

  • All methods under repatriation basis
  • Additional option: Funds from NRO account

Remittance of Sale Proceeds

Repatriable Investments

Sale proceeds (net of taxes) may be credited to NRE/FCNR(B)/NRO accounts

Non-Repatriable Investments

Sale proceeds can be credited only to NRO accounts

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