Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the permission, which a NRI has to obtain from RBI to invest in India?

April 26, 2017India invest NRI obtain permission rbi

0

Posted

What is the permission, which a NRI has to obtain from RBI to invest in India?

1 Answer

0

Posted

NRI’s are allowed to invest in Indian equity markets under the Portfolio Investment Scheme. Under this scheme NRIs/OCBs are permitted to invest in shares/debentures of Indian companies through Stock Exchanges in India. These investments require prior approval of RBI, which is valid for a period of five years and can be renewed upon written request.