Overview | Account Opening Form
| Non Resident External (NRE) Accounts
Non Resident Ordinary (NRO) Accounts | Foreign
Currency Non Resident Accounts | Tax Benefits
NRI Branches | Export Finance
| Forex Authorised Branches
Overview
India is all set on the fast track of progress and is emerging as a prosperous nation
in Asia. The investment opportunities that it offers to NRIs are lucrative and endless.
Moreover, in view of the liberalisation of the economy, the returns on their investment is
now market related and highly competitive.
Who can participate?
| A |
Non-Resident Indians (NRIs) |
|
Indian citizen residing abroad for employment / carrying on business or
vocation outside India or staying abroad under circumstances indicating an indefinite
period of stay abroad. |
| B |
Persons of Indian Origin |
|
A foreign citizen (other than a citizen of Pakistan and Bangladesh) who
held an Indian passport at any time or he or either of his parents or any of his grand
parents was a citizen of India by virtue of Constitution of India or Citizenship Act 1955. Spouse
of an Indian citizen or of a person of Indian origin (not being a citizen of Pakistan or
Bangladesh).
|
| C |
Overseas Corporate Bodies (OCBs) |
|
Overseas Companies, Partnership Firms, Societies and other corporate
bodies which are owned directly or indirectly to the extent of atleast 60% by non
residents of Indian nationality / origin and overseas trusts in which at least 60% of the
beneficial interest is irrevocably held by such persons. |
|
