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Old April 11th, 2016, 05:40 PM
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Join Date: Nov 2011
Default Re: NRI Investment In India

An NRI is a person who has been in India for 182 days or more during a financial year and 365 days or more during the preceding four financial years qualifies as a resident of India.


Non-Resident Ordinary Rupee Account (NRO) – This account is not suitable if you want to transfer Indian earnings abroad freely as it has USD1million limit .

NRI investment options

Non-Resident External Rupee Account (NRE)

National Pension Scheme –
This enables the policyholder to save towards creating a corpus and also lets him open an annuity post retirement.

Fixed Deposits –
An NRE fixed deposit or an FCNR account is preferable. You can earn upto 8.5 percent return on an NRE fixed deposit, ever since the RBI linked the same with LIBOR.

Certificates of Deposit (CDs) –
This is a non-negotiable money market instrument issued in demat form or as promissory notes.

Bonds –
Perpetual bonds are bonds that can never be redeemed. Investors are eligible to receive fixed interest on such bonds.

Mutual Funds – Mutual funds can be both equity as well as debt mutual funds.


For investing in Indian mutual funds, therefore, an NRI needs to open one of the three bank accounts-non-resident external rupee (NRE) account, non-resident ordinary rupee (NRO) account or foreign currency non-resident account (FCNR)-with an Indian bank
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