NRI Investments.

Non-Resident Indian(NRI)?

Indian citizens who stay abroad for employment or for carrying on any business or vocation or for any other purpose in circumstances indicating an indefinite period of stay outside India.

Indian citizens working abroad on assignments with foreign Governments, Government agencies or international/multinational agencies like United Nations Organisation (UNO), International Monetary Fund (IMF), World Bank etc.

Officials of Central and State Governments and public sector undertaking deputed abroad on assignments with foreign Government/agencies/organisations or posted to their own offices (including Diplomatic Missions) abroad.

Person Of India Origin (PIO)

A foreign citizen will be regarded as a Person of Indian Origin (PIO) if he at any time held an Indian passport or if his parents or grand parents are citizens of India, as defined in the Constitution of India.

Maintaining Bank Account in India.

An NRI can maintain an account with banks that are authorised dealers (i.e., those who can deal in foreign exchange) and those which have been authorised in this behalf by the Reserve Bank of India. You can maintain accounts in rupees as well as foreign currency. Foreign currency accounts can be maintained with authorised dealers only. Click here for more information on bank accounts.

Types of Bank Accounts

Non-resident (External) Rupee Accounts (NRE)
Ordinary non-resident Rupee Account (NRO)
Non-resident (non-repatriable) Rupee Deposit Account (NRNR)
Foreign Currency Accounts (FCNR)
Resident Foreign Currency Accounts (RFC)

How/Where to invest?

For NRIs/ PIOs/ OCBs there are broadly two categories of investments – repatriable (investments than can be taken back) and non-repatriable (investments that cannot be redeemed). Repatriable investments allow for investment upto 100% equity by NRIs in specified industries and also cover portfolio investments. Equity investment upto 100% is also permissible for non-repatriable investments.

Click here for a complete list of investment avenues available to NRIs.

Returning to India (NRI)

Welcome back! There are many facilities available to returning NRIs that will safeguard your investment interests. Returning Indians, who return to India after a continuous stay abroad of one year and above, can retain their foreign currency bank accounts abroad and hold, transfer or dispose of their other foreign currency assets. These funds/ assets should have been earned through employment, business or vocation outside India taken up or commenced while they were resident outside India. No permission is required from RBI as long as conditions of general exemption are satisfied. NRIs can enjoy complete freedom with utilisation of these assets.


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