NRI & FPI

Overview

Invest in India as an NRI

Non-Resident Indians (NRIs) can invest in Indian equities through the Portfolio Investment Scheme (PIS) regulated by the Reserve Bank of India. PIS enables NRIs to purchase and sell shares and debentures of Indian companies on a recognised stock exchange.

To begin investing, NRIs need to open either an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) bank account with a designated bank in India. These accounts serve as the foundation for all your investment transactions in the Indian market.

R Wadiwala Securities offers comprehensive NRI investment services with dedicated relationship managers who understand the unique needs of overseas Indian investors.

PIS Scheme

RBI-regulated route for NRI equity investments

NRE / NRO Account

Designated bank account required for transactions

BSE & NSE

Trade on both major Indian stock exchanges

Dedicated Support

Expert relationship managers for NRI clients

Account Comparison

NRE vs NRO Account

Understand the key differences between NRE and NRO accounts to choose the right one for your investment needs.

Feature	NRE Account	NRO Account
Currency	INR	INR
Purpose	Overseas savings remitted to India	Indian income (rent, dividends)
Repatriation	Fully repatriable	Interest only (post-TDS)
Tax on Interest	Fully exempt	Taxable
Local Deposits	Not permitted	Accepted
Joint Holding	NRIs only	Resident / Non-Resident

PIS Key Points

Portfolio Investment Scheme

Essential guidelines every NRI investor must know about the PIS framework.

Single PIS Account

Each NRI is permitted to hold only one PIS account across all designated banks in India.

Secondary Markets Only

PIS applies exclusively to equity secondary market transactions on recognised stock exchanges.

5% Investment Cap

Individual NRI investment is capped at a maximum of 5% of the paid-up capital of any Indian company.

Investment Process

Start Investing in 4 Steps

A straightforward process to begin your investment journey in the Indian markets as an NRI.

Open NRE/NRO Bank Account

Open an NRE or NRO savings account with a designated bank in India to facilitate fund transfers and settlements.

Secure PIS Approval

Apply for PIS permission from your designated bank. The approval fee is approximately Rs 1,000 – 2,000.

Establish Demat Account

Open a Demat account with a SEBI-registered depository participant to hold your securities in electronic form.

Register Broking Account

Complete your trading account registration with R Wadiwala Securities and start investing in Indian markets.

Key Information

Trading Rules & Additional Services

Important trading restrictions for NRI investors and additional services available.

Trading Restrictions

No intraday cash trading — minimum 2-day settlement period required for all equity transactions
Futures and derivatives trading available under certain conditions as permitted by SEBI/RBI
Power of Attorney (PoA) option available for authorising a resident to manage your portfolio
All trades must be routed through the PIS-designated bank account only

FPI & PMS Services

FPI Services: Separate regulatory framework available for institutional foreign portfolio investors
PMS for NRIs: Professional portfolio management service available for NRI clients
Access your portfolio anytime through our secure web-based platform
Receive annual audited reports and periodic performance statements

Tax Guide

Taxation for NRI Investors

Understand the tax implications on your investments in Indian securities.

Tax Slabs for NRI Investors

Up to ₹3,00,000 Nil

₹3,00,001 – ₹6,00,000 5%

₹6,00,001 – ₹9,00,000 10%

₹9,00,001 – ₹12,00,000 15%

₹12,00,001 – ₹15,00,000 20%

Above ₹15,00,000 30%

Checklist

Documentation Required

Ensure you have the following documents ready before initiating your NRI investment account.

✓

PIS Account Approval

✓

Valid Passport Copy

✓

Valid Visa Copy

✓

Recent Bank Statements

✓

PAN Card

✓

Address Proof (Local & Foreign)

FAQs

Frequently Asked Questions

Common questions about NRI investment services answered.

What is the Portfolio Investment Scheme (PIS)? +

PIS is a scheme of the Reserve Bank of India that allows NRIs and OCIs to purchase and sell shares and debentures of Indian companies on a recognised stock exchange. It is the primary route for NRIs to invest in Indian equities through the secondary market.

Can I hold more than one PIS account? +

No. As per RBI regulations, each NRI is permitted to hold only one PIS account with one designated bank in India. This account is linked to your NRE or NRO bank account for all equity transaction settlements.

What is the difference between NRE and NRO accounts? +

An NRE account is for overseas earnings remitted to India and is fully repatriable with tax-exempt interest. An NRO account is for income earned in India (like rent or dividends), where only interest is repatriable after TDS deduction, and interest income is taxable.

Is intraday trading allowed for NRIs? +

No, NRIs are not permitted to do intraday cash trading. All equity transactions must follow a minimum 2-day settlement cycle (T+2). However, futures and derivatives trading may be available under certain conditions as specified by SEBI and RBI.

What is the maximum investment an NRI can make in a single company? +

An individual NRI can invest up to a maximum of 5% of the paid-up capital of any Indian company. The aggregate NRI/PIO investment limit is 10% of the paid-up capital, which can be raised to 24% with a special resolution by the company.

Does R Wadiwala offer PMS services for NRIs? +

Yes, R Wadiwala Securities offers Portfolio Management Services (PMS) for NRI clients. You can access your portfolio through our secure web-based platform and receive annual audited reports along with periodic performance statements.