I6: Stocks, Mutual Funds
Investment Options for NRIs: Stocks and Mutual Funds Stocks NRIs can invest in Indian stocks under the Portfolio Investment Scheme (PIS) of the Reserve Bank of India (RBI) in the…
I5: Bank Accounts for NRI – NRE, NRO, FCNR
NRE, NRO, and FCNR Accounts for NRIs NRE (Non-Resident External) Account Nature: External account, repatriable in foreign currency. Purpose: Used for foreign currency earnings. Interest: Tax-free in India. Currency: Maintained…
I4: Property Transaction By NRI
Property Transactions for NRIs in India Purchase of Property NRIs can purchase residential or commercial property in India with the permission of the RBI. However, they cannot purchase agricultural land,…