Who is a non-resident Indian (NRI)?
Can NRI invests in shares in India through a stock exchange?
Can NRI/PIO invests in other securities?
Are NRIs allowed to invest in Exchange Traded Funds (ETFs)?
How can NRIs invest in shares in India?
What is a designated bank branch?
What is a Portfolio Investment Scheme (PIS)?
Who is a person of Indian Origin?
Who is an overseas citizen of India (OCI)?
Can PIO (Person of Indian Origin) as well as OCI (Overseas Citizen of
also invest in shares in India?
What is an Overseas Corporate Body (OCB)?
Can Overseas Corporate Body (OCBs) also invest in shares in India?
What are the documents required to be collected from Investor to open a
NRI/PIO/OCI trading account?
What are other client registration formalities to be taken care while
registering NRI/PIO/OCI Clients?
Is it mandatory for a client to provide local (Indian) address?
Can two separate trading accounts namely (NRE & NRO) can be opened by NRI?
What are the additional requirement with respect to contract notes?
What precautions trading member needs to take while dealing with NRI
Is there any ceiling on the Investments under the Portfolio Investment
How payments could be made by NRIs for shares purchased on stock exchange?
How NRIs/PIO can remit Sale proceeds?
Can an NRI transfer shares purchased under PIS to others under private
Can an NRI purchase securities by subscribing to public issue? What are the
permissions/approvals required? How can those shares be sold?
Can NRI do Intra-day transactions in cash segment?
Can NRI trade in futures & options segment of the Exchange?
Can NRI trade in Currency derivative segment of the Exchange?
Can trading account be opened for person’s resident outside India who had
allotted shares under ESOP scheme?
Can rights/bonus shares be issued to NRI?
What needs to be done by NRIs for trading in Futures & Options segment of
What are the limits applicable to NRI in Exchange Traded Derivative
How Investment positions of NRIs are monitored?
In case a person who is resident in India becomes a non-resident, will
be required to change the status of his/her holding from Resident to Non-Resident?
In case a non-resident Indian becomes a resident in India, will he/she be
required to change the status of his/her holding from Non- Resident to Resident?
In case a non-resident Indian becomes a resident in India or vice versa,
he/she be required to open a new trading account?
- RBI Master Circular dated RBI/2010-11/13 dated July 01, 2010.
- FAQ hosted on RBI website www.rbi.org.in
- NSE Circular dated Nov 27,2003 , NSE/INVG/2003/4593
- NSE Circular dated Dec 21,2004 , NSE/MEM/5676
- NSE Circular dated Jul 04,2008 , NSE/INSP/10938
This FAQ is prepared based on Exchange’s understanding of FEMA regulations. While utmost
care has accuracy of the information and disclaims all liabilities, losses and damages
arising out of the use of this information. The readers are requested to keep abreast of
the changes taking place in the underlying provisions of RBI.