There are two types of investments markets that can accept investments from an NRI or Resident Indian: Primary: A primary market deals with the introduction of fresh stocks and bonds that are rolled out for sale for the first time. Examples are Initial Public Offerings (IPOs) for stocks. All Mutual Fund investments also fall under […]

There are certain restrictions for NRIs while investing in the share market in India, which are: An NRI cannot transact in India except through a stock broker or third parties like Zerodha NRIs cannot trade shares in India on a non-delivery basis*, that is, they can neither do day-trading nor short-sell in India. If they […]

Yes. NRIs can invest in Indian equities by investing their money into stocks listed on the National Stock Exchange of India Ltd. (NSE). To be eligible to invest into stocks, NRIs need to be a part of the Portfolio Investment Scheme* (PIS) that will allow them to trade stocks.    *(Portfolio Investment Scheme (PIS): Through […]

NRIs can opt for a 3-in-1 account that consists of 3 separate accounts that can be opened together. A share trading account is a combination of these 3 accounts.   These accounts include: A Bank Account (a normal bank account where your money resides),  A Trading Account (a share broker account which allows you to […]

SIP for NRI: SIP is not tax free for NRIs.   Different types of Mutual Funds are taxed differently:    *(Equity Funds: An equity fund is a mutual fund that invests principally in stocks)   *(Debt Funds: A debt fund is a mutual fund that invests in fixed-interest generating securities such as corporate bonds, government […]

Yes. An NRI can open a joint account with a resident but only on “former or survivor” basis and that too only for a NRO Account. The term “former or survivor” basis refers to the condition where only one of the two joint account holders, “Former” can operate the account. The “Survivor” can only operate […]

The following people can be a nominee in an NRI Bank Account: Any Resident of India Any Non-Resident Indian A minor (a person below 18 years of age); in this case a guardian needs to be appointed on the minor’s behalf   Refer to the following table to understand the process to update a nominee […]

There are various methods to transfer money from India to the USA. Refer to the grid to choose the best medium for yourself: (Related Category: Remittance)   Transfer money from India to the USA   *Money Transfer Operators: Money transfer operators (MTOs) are financial companies (but usually not banks) engaged in cross border transfer of […]

No. There are no taxes on money transferred from India to Middle East. Also, There are no income taxes in the Middle East. So, the tax implications are eliminated automatically.   Taxes on money transferred from India to Middle East based on the account chosen: NRE: The NRE account can be opened for the purpose […]

The limit to transfer funds from your NRI accounts in India to your overseas account in USA vary with respect to the types of accounts chosen for remittance:     Limit of transfers from India to USA NRE Accounts: There is no limit for repatriating funds from NRE accounts as it is fully and freely […]