Can NRIs make investments in National Savings certificates?
Question: Can NRIs make investments in National Savings Certificates issued by Post Offices in India?
Raju Kanumuri: Yes. Investments in National Savings Certificates can be made by NRIs subject to the terms and conditions applicable to the sale/issue of such certificates. However, NRIs are not permitted to invest in bearer securities like Indira Vikas Patra/Kisan Vikas Patra.
Source : Reserve Bank Of India
Q: What is meant by investment through direct subscription route?
A: As per the regulations NRIs are allowed to invest up to a certain percentage of the total paid up capital of the company by directly subscribing to the equity/convertible debentures of the company...
Q: Can NRIs invest in shares, debentures and units of mutual funds in India?
A: NRIs are permitted to make direct investments in share/debentures of Indian companies/ units of mutual funds. They are also permitted to make portfolio investments i.e. shares/debentures of Indian...
Q: What is the status of NRO/NRE accounts on the return of the account holder to India?
A: RBI has advised to re-designate such accounts on the return of the account holder to India.
Q: What steps an NRI needs to take to start investing in the Indian stock market?
A: * An NRI should open a new bank account (NRO/NRE or both) with the designated bank which is approved by RBI.
* He should apply for a general approval for investments in the Indian stock market...
Q: Can OCI holders open PPF account in India?
A: OCI holders who are living in India are considered to be residents in India. Their status is no longer that of a Non-Resident (NRI). Therefore they can open PPF account in India.
While we are on...
Q: What are the step by step instructions to replace lost OCI card?
A: Before a lost OCI card can be replaced,
Applicants should file a police report. To apply for a replacement OCI Card, applicants will have to provide a copy of the complaint filed with the police....
Q: Can i repatriate funds in the NRI account?
A: The principal as well as the interest of the funds in an NRI account can be repatriated only if a person holds either an NRE account or an FCNR account. In case of an NRO account, only interest...
Q: Are there any prohibitions on the purpose for which loans cannot be taken?
A: The loans cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business.