What are the facilities available to NRIs?
The facilities available to NRIs for making investment in India are as follows: * Bank accounts and deposits. *Other Investments on repatriation basis. – Government dated securities/treasury bills. – Units of domestic mutual funds. – Bonds issued by a public sector undertaking (PSU) in India. – Non-convertible debentures of a company incorporated in India. – Shares in Public Sector Enterprises being disinvested by the Government of India, provided the purchase is in accordance with the terms and conditions stipulated in the notice inviting bids. – Shares and convertible debentures of Indian companies under FDI scheme (including automatic route & Foreign Investment Promotion Board(FIPB). – Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme. – Perpetual debt instruments and debt capital instruments issued by banks in India. * Other Investments on non-repatriation basis. – Government dated securities (other than bearer securities
