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Tips for Non Resident Indians (NRI) for selecting investment schemes in India


As per Reserve Bank of India FEMA (Foreign Exchange Management Act) guidelines Non Resident Indians(NRI) can invest only in selected schemes in India.

Where Non Resident Indians (NRI) can and cannot invest

NRIs cannot invest in the following schemes

  • Small savings Schemes
  • Public Provident Fund (PPF)

NRIs can invest in the following schemes

  • Mutual Funds
  • Government Securities
  • Government bonds

On Repatriation basis (Funds can taken back) NRIs can invest in the following schemes

  • Government dated securities
  • Government Treasury bills
  • Indian mutual funds units
  • Bonds issued by Public Sector Organisations
  • Perpetual debt instruments issued by Indian Banks
  • Debt Capital Instruments

On Non Repatriation basis (Profits can not take back) NRIs can invest on the following schemes

  • Government dated securities
  • Treasury Bills
  • Indian mutual funds units
  • Money Market mutual funds units
  • National Plan / Savings Certificates

for all these investments NRIs should pay the funds through Remittances, NRE / FCNR accounts balances.


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