Can NRIs invest in Indian IPOs?
SBNRI Team
answered on 22/03/2020
NRI Investment in Indian IPOs: Bank Accounts you need
NRI Investment in Indian IPOs: NRIs can invest in stocks raised through an Indian Initial Public Offering (IPO) through their NRE/NRO Bank Accounts.
NRI Investment in Indian IPOs
For investing in IPOs, NRIs don’t need to be a part of the Portfolio Investment Investment Scheme (PIS)(Through this scheme of the Reserve Bank of India, NRIs can purchase and sell shares and debentures of Indian companies on a recognized stock exchange)
How can NRI Invest in India
| Opportunities | Requirement |
| Fixed Deposit Bank Accounts |
|
| Mutual Funds |
|
| Direct Equity |
|
| Real Estate |
|
| Bonds and Non-Convertible Debentures (NCDs) |
|
| Government Securities |
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| Certificate of Deposits |
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| National Pension Scheme (NPS) |
|
| Initial Public Offerings (IPOs) |
|
NRI Investment in Indian IPOs: Related Questions
1. Can US NRI invest in Mutual Funds in India?
Yes NRIs from the USA can invest in Mutual Funds in India. To know more, click here.
2. Can NRI invest in Indian Stock Market?
Yes. NRIs can invest in Indian Stock Market. To know how, click here.
3. Who is an NRI?
An NRI or Non Resident Indian is an Indian Citizen living outside India for a minimum of 183 days in 1 financial year for the purpose of employment, business or vocation (occupation for which an individual is trained).
Indian Citizens who have gone out or are staying abroad for some other purpose with an intention to stay outside India for an uncertain period (job or assignments where you don’t know when you will return to India) can also be termed as NRIs.
Related Questions
SBNRI Team
answered on 11/09/2020
Yes, it is mandatory to declare your NRI Status to the bank so that they can do the needful from their end. (Eg. Convert your Resident Savings Account to NRO Account etc.) As of now, you can still continue to subscribe to your PPF Account till its maturity (2023). But you won’t be able to extend […]
SBNRI Team
answered on 22/03/2020
An NRI can invest into all forms of businesses and other investment opportunities in India. We have made a list of the top opportunities for NRIs and how can they invest in India: How can NRI Invest in India Opportunities Requirement Fixed Deposit Bank Accounts NRE/NRO/FCNR Account Mutual Funds NRE/NRO Account Direct Equity […]
SBNRI Team
answered on 16/11/2020
You can’t extend your PPF Account post maturity (15 years) if you become an NRI before your account matures. As per the PPF guidelines, NRIs aren’t eligible to open a PPF Account. However, if a Resident Indian becomes an NRI after opening the PPF Account, he/she can continue to subscribe to his/her account on […]
SBNRI Team
answered on 11/09/2020
As per PPF Rules, firstly you need to inform the bank about the change in your status and then you can continue to subscribe to your PPF Account till maturity (15 years) but you won’t be able to extent it further. To get expert advisory at SBNRI, contact us using the button below. […]
