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NRI

Best investment options for NRIs

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Equities

As you all know, you can invest in the Indian Stock market with a Demat account. Equities have the potential of giving you higher returns.

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Mutual Funds

Mutual fund investment is another best investment option for NRIs. You can invest in mutual funds through NRO or NRE accounts

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Fixed Deposits

NRIs can also invest in FDs with NRO or NRE accounts. This is an investment option suitable for investors searching for fixed returns.

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NPS

If you are an NRI between the age of 18 and 60, you are eligible to make regular contributions to National Pension System.

Document required

Documents required to open NRI Mutual Funds Account

  1. PAN Card self-attached - 2 copies

  2. Passport copy - (mandatory)

  3. Passport size photo - 1

  4. Overseas address proof (Govt authorized document)

  5. Cancelled cheque with Customer full name & NRE / NRO pre-printed on it (OR) Latest Bank statement with FISC code, Account number, Bank logo & customer address mentioned on it.

  6. Signature with declaration (This signature should be used be used for Jai Jawan India account activation and KYC process.)

  7. Application form and KYC form.

  8. Need an email confirmation for the below detail:

    • Indian and Overseas mobile number.​

    • Address confirmation

    • Bank account confirmation.

Required Documents for your NRI Account

Frequently Asked Questions

Who is an NRI ?

A Non-Resident Indian is a person who stays outside India for a period of more than 182 days in a financial year for employment or business.

How can an NRI invest in India?

An NRI can either invest directly, or through a Resident by vesting the Power of Attorney with the Resident.

How will my Indian investments be taxed?

If the country you reside in has signed DTAA (Double Tax Avoidance Agreement) with India, your investment is subject to taxation in a single country only - either in India or in your country of residence. If not, your investment is subject to double taxation.

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Interest earned on NRE / FCNR Account is tax free.

Interest earned on NRO Account Dividend and Capital gains on shares listed in India and Equity oriented schemes are taxable.

Can an NRI invest in Mutual funds in India?

Certainly, NRIs can invest in Mutual funds in India. However, a demat account is necessary to make any kind of investment as an NRI

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