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Non Resident Indian – NRI

With your Sri Lanka Visa, you can explore this island country and carry home exciting memories. With the possession of the picturesque snaps of your holiday, you can boast about your experience among your friends later.

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Non Resident Indian – NRI

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  1. Sri Lanka Visa Online

  2. Non Resident Indian – NRI

  3. An Indian abroad popularly known as an NRI or Non Resident Indian. • This article covers following: Who is NRI? What is definition of NRI? Does NRI differ from Person of Indian origin (PIO) • What is Remittance, Repartition? What are the investments that NRI can make in India? Is it different from Resident Indians?  • What is paperwork involved to do changes in investments already done on becoming an NRI? What are different kinds of bank accounts that an NRI can open – Non-Resident External (NRE) accounts.

  4. Investments that NRI can make in India • Quoting from RBI’s FAQ Facilities for Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) NRI may, without limit, purchase 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. • Perpetual debt instruments and debt capital instruments issued by banks in India.

  5. NRI may, without limit, purchase on non-repatriation basis : • Government dated securities / Treasury bills Units of domestic mutual funds • Units of Money Market Mutual Funds (If you want to apply for Sri Lanka Visa Online ) • National Plan/Savings Certificates • Non-convertible debentures of a company incorporated in India Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme, • subject to the terms and conditions specified in Schedules 3 and 4 to the FEMA Notification No. 20/2000- RB dated May 3, 2000, as amended from time to time.

  6. Click here to know more on: http://visafromhome.com/srilanka-visa/ Thank You….

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