28 May 2017 | 9:26 PM

Investment Opportunities for NRIs

One NRI account multiple benefits-
  • Top of the line trading technology and platforms - Multiple stocks tracking facility on a single screen, real time streaming quotes with instant order execution and confirmation. Variety of platform options that work across networks and all across the globe.
  • Best in class risk management practices, E-contract notes and CRN login for all back office reports to track your portfolio, research alerts
  • Dedicated NRI invest team will guide through the investment process – account establishment, proactive fund allocation, account updates, research back up etc.
  • Unique Futures and Options trading gateway - NRIs can hedge their portfolio risk or play the volatile markets using FNO trading facility
  • In-depth, incisive Religare research for your investment needs (Religare research reports)
NRI Trading Account Benefits - Religare Online
Why NRI’s should Invest in India?
India with its sustained impressive growth rate, domestic demand driven economy and well regulated financial markets, is the market of choice for global investments.

Within emerging markets, India has a wider growth base than other BRIC countries with strong contribution from services, agriculture and manufacturing sector.

Interestingly; currently only 3.7% of Indian savings flow into equity investments. Any incremental growth in this flow can be a big boost for the markets.
How NRI can invest in the Indian markets?
With Religare it is simple and well facilitated. The only prerequisites you need are a PAN card and a NRE/NRO bank account, we take care of the rest. Even if you don’t have any of above, we will help you start from scratch in a well organized time bound manner. Just drop in a mail and our advisor will get in touch.

Investment Process for NRI

To start investments – NRI should mandatorily have PAN card, Bank Accounts- NRE/ NRO Non PIS/ PIS Account and Demat Account

  • Acquire Pan Card or provide existing PAN Card Number - Religare assists in the process
  • Establish NRE/ NRO Bank Account
  • Establish Demat account with broker and start trading
 
NRI investment products-
Being an NRI you can invest in -
  • Equities from the secondary market
  • Initial Public Offerings
  • Futures and Options
  • Mutual Funds
 
And the various bank accounts and the instruments which can be traded out of those are detailed below-

Types of Bank Accounts for NRI

  • NRE Account (Non Resident External Account) - Balances held in NRE accounts can be repatriated abroad freely. Any Investments done out of funds from NRE account can be freely withdrawn by the client in to foreign currency outside the country.
  • NRO Account (Non Resident Ordinary Account) - Balances held in NRO account cannot be remitted abroad but used only for local payments in rupees
 

Sub Types

  • PIS (Portfolio Investment Scheme) Account - Mandatory bank account to be established in addition to savings account, exclusively account allowed by RBI for investment in equity/ debentures only
  • Savings - Normal NRI bank account like savings, current account etc. – can be used for any other purpose
 
FAQs
Most of your doubts got answered here.

Who is an NRI?

According to Sec. 6(1) of the Income Tax Act, an individual shall be a resident in India in any financial Year if he a. Is in India in that Financial Year for a period or periods totaling to 182 days or more Or b.Has been in India within the four preceding years for a period or periods totaling to 365 days or more and for a period of 60 days or more in that Financial Year.

Who is a PIO?

A citizen of a foreign country (other than a citizen of Bangladesh or Pakistan) is a PIO if: He/She at any time held an Indian Passport. OR He/She or either of his parents or any of his/her grandparents was a citizen of India; OR Spouse (not being a citizen of Bangladesh or Pakistan) of an Indian citizen (a) or (b) above.

What are the products offered to NRI?

NRI can invest in the following products. Equity trading on BSE and NSE Derivatives trading on the NSE IPO Portfolio Management Investments in Mutual Funds

What steps an NRI needs to take to start investing in the Indian Stock Market?

Acquire Pan Card or provide existing PAN Card Number. Establish NRE/ NRO Bank Account - Savings and PIS account with designated bank which is approved by RBI for this purpose. Establish Demat account with broker and start trading

What type of saving bank account(s) can be opened by an NRI or PIO in India?

Any NRI/PIO can open two types of savings accounts with any bank in India. They are NRE and NRO bank accounts.

What is a NRE account?

A NRE bank account is an external saving bank account opened for Non resident Indians. This is why it is known as Non-Resident External account. Since it is an external account, any monies lying in NRE account can be taken outside the country or in other words, the monies lying in NRE account are fully repatriable. This money can be converted into any foreign currency at the behest of the account holder and can be remitted outside the country.

What is a NRO account?

A NRO bank account is an ordinary saving bank account opened for Non resident Indians. This is why it is known as Non-Resident Ordinary account. Since it is an ordinary account i.e. as good as a normal saving bank account, monies lying in NRO account cannot be taken outside the country or in other words, the monies lying in NRO account are not repatriable.

Can money be transferred from NRE account to NRO account?

Yes money can be freely transferred from NRE account to NRO account.

Can money be transferred from NRO account to NRE account?

No, money cannot be transferred from NRO account to NRE account.

What is the status of NRO/NRE accounts on the return of the account holder to India?

RBI has advised banks to re-designate such accounts as resident accounts on return of the account holder to India.

Sign up to open an account