NRI Guide

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How To Repatriate Money From NRO Account

Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...

How to Apply Passport For Infants

A Passport is a very important document, more so in order to prove and certify the identity of the passport holder....

Do Foreign Banks Report to IRS

Yes, the Foreign Banks do report to the IRS. Foreign Account Tax Compliance Act (FATCA), passed in 2010 makes it...

How to Get Study Visa for USA

Any individual from any foreign country who wishes to enter the borders of United States of America for any purpose...

How to Start a Startup in India

Startups have become the buzz word around the town. Its eminent success here in India and across the globe has seen...

How to Change Surname in Passport

Passport of an individual is the most important identity proof. Name becomes the most important component of the...



Ask, Answer & Discover

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Q: Can NRI trade in currency derivative segment of the exchange?

A: No, Only “a person resident in India” as defined in section 2(v) of FEMA Act 1999 are allowed to participate in currency derivative segment of the exchange.

Q: How payments could be made by NRIs for shares purchased on a stock exchange?

A: Payment of purchase of shares on repatriation basis has to be made by way of inward remittance of foreign exchange through normal banking channels or out of funds held in NRE/FCNR(B) account...

Q: Can Overseas Corporate Body (OCB) also invest in shares in India?

A: OCBs have been prohibited from making investments under the portfolio investment scheme. Further, the OCBs who have already made investments under the PIS are allowed to continue holding such...

Q: How can NRIs invest in shares in India?

A: As per RBI guidelines, NRI who wishes to invest in shares in India through stock exchange needs to approach the designated branch of an authorized bank by RBI to administer the PIS to open an...

Q: Are NRIs allowed to invest in exchange-traded funds (ETFs)

A: Yes, NRIs are allowed to invest in exchange-traded funds both on repatriation and non-repatriation basis.

Q: Can an NRI gift mutual funds to relatives in India?

A: According to the guidelines of FEMA, an NRI client is not allowed to gift the mutual funds to any relatives in India.