Don’t Skip These 10 NRI Investment Tips - PowerPoint PPT Presentation
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Don’t Skip These 10 NRI Investment Tips
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NRIs tend to expend in India or abroad. Therefore, they have to bear in mind that having NRO, NRE or FCNR a/c is a must to channelize money for investment. They must have PIS a/c as well for reporting their investment to RBI in India. They can expend their capital in mutual funds, NPS investment and equities. – PowerPoint PPT presentation
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Title: Don’t Skip These 10 NRI Investment Tips
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Dont Skip These 10 NRI Investment Tips!
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Equity Investment
- Aggregate investment must not exceed 10 of the
paid-up capital - Each transaction must be reported to the RBI via
PIS a/c - Open demat a/c trading a/c to invest in
domestic stock exchange - Sell stock post 2 days of buying equity
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Mutual Funds (MF) Investment
- Must have any of the accounts( NRE, NRO and FCNR
a/c) - Update KYC with the domestic bank for NRO a/c
- Check if the fund houses allow NRIs to invest in
MF
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Use PoA, if you are away while MF investment
- Submit PoA or its attested copy
- Should have signature of NRI and PoA holder
- NRIs signature is verified at the time of
investment - Resident Indian can be the PoA holder
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Public Provident Fund (PPF) Investment
- If have PPF account, continue it
- PPF is not permissible to NRIs
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NPS investment
- Indian citizenship certificate holders can invest
in it - Tier I a/c holders can withdraw but with certain
restrictions - Tier II a/c holders can withdraw from pension a/c
without restriction
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Property Investment
- Commercial residential property can be
purchased - Uncountable residential/commercial property can
be purchased - Investment in agro-land or farmhouse is not
permissible - Selling of property is restricted by FEMA
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