“To acquire money requires valor, to keep money requires prudence, and to spend money well is an art.”
— Berthold Auerbach
Non Resident Indian (NRI) services by Prime Finvest Services
Who is a NRI?
A Indian citizen who is now living in foreign country for the purpose of employment and occupation for uncertain period is considered as NRI.
Who is a PIO?
A citizen of a foreign country (other than a citizen of Bangladesh or Pakistan) is a PIO if:
- He/She at any time held an Indian Passport OR
- He/She or either of his parents or any of his/her grandparents was a citizen of India OR
- Spouse (not being a citizen of Bangladesh or Pakistan) of an Indian citizen (a) or (b) above.
What steps an NRI needs to take to start investing in the Indian Stock Market?
- An NRI should open a new bank account (NRE/NRO or both) with designated bank which is approved by RBI (Reserve Bank of India) for this purpose.
- He should apply for a general approval for investment in Indian Stock Market through his designated bank branch.
- He should open a Demat Account to hold his shares and register to execute his buy/sell orders on the stock exchange(s).
What are the investment options available for NRIs?
NRIs can invest in India in the following ways:
- Bank Deposits
- Secondary markets through Portfolio investment in equity shares/convertible debentures
- New issues (shares/convertible debentures)
- Non convertible debentures
- Mutual funds provided that amount is invested out of NRE/FCNR/NRO account or by inward remittance
At Prime Finvest Services, we primarily focus on providing you with financial planning and investment advisory services for your investments in India. We will guide you on how to start and do all the initial necessary documents like Income Tax, PAN and Know Your Customer (KYC) requirements. We provide you with help on investment options, like NRI Mutual Funds, NRI Investment in SIP, insurance schemes, online Trading Account for NRI, fixed deposits and other professional investing services.
Contact
Arnab Mitra
- Call Us: +91 98300 09885
- Whatsapp: +91 7604094166
- Mail Us:guidance@primefinvestservices.com