NRI Services

NRIs Corner

There are certainly attractive avenues in India, where NRIs obtain the freedom of investing into diversified asset allocation and significantly build up their investment portfolio. India is emerging as being fastest growing investment destinations for NRIs. NRIs can now invest into investment vehicles by saving into:

Mutual Funds:
Mutual funds are known for its simplest ways of investing in increasingly complex financial markets. The reason why mutual funds are so popular is that it comes with flexibility, affordability, diversification, liquidity, low costs and regulated investor protection facilities.

Bonds & G-Sec (NRI):
An NRI is eligible subscribe to corporate deposits, NCDs and PSU bonds issued in India. However, repatriation benefits are applicable for NRE accounts which have completed 3 yrs, while benefits of maturity credited to the NRO account cannot be repatriated.

Real Estate:
Reserve Bank has granted general permissions to financial institutions to provide housing finance loans to NRIs.

Either directly subscribing to shares and debentures on a repatriable or non- repatriable basis, or through portfolio investment scheme NRIs are allowed to invest in both shares and stock.

Taxation Planning:
If you reside and work abroad, the NRI income tax you pay will depend on your residential status for the year. If you fit the Resident Indian criteria, your total global income is taxable under Indian tax laws. But if your status for the year is ‘NRI’, only the income earned or accrued in India is taxable.

Before understanding taxation, let’s get to know who primarily qualifies as an NRI. The Foreign Exchange Management Act (FEMA) has laid down clear rules to determine if a citizen of Indian origin is a Resident Indian or a Non-Resident Indian.

Rules for NRIs to Invest:

As per the Section 2(V) of Foreign Exchange Management Act 1999, NRI is a person

  • Who resides outside india or has taken up employment outside india;
    Conducting business activities outside India
  • Staying outside india for an indefinite or uncertain time period
  • Has been in possession of his indian passport (provided he is not a citizen of pakistan or bangladesh)
  • Either of his parents or grandparents were indian citizen (as per the indian constitution/ citizenship act of 1955)


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