NRI Corner, Service Type Commercial, Registration Type OnlineOffline, Feature Cost-effective

Portfolio investment in shares/debentures originating from Indian enterprises and in domestic mutual funds portfolio investments in shares/debentures by nris/ocbs are permitted only through specific locations of authorized dealers, Preferably located at centers having stock exchanges. Authorized dealers should inform the names of such branches to central office of reserve bank and obtain approval. The code number allotted from the central banking authority should be quoted in all correspondence undertaken with reserve bank in this regard. Non, Resident investors can also authorize indian residents or stock exchange brokers as their agents in india to purchase/sell shares in their stead under the schemes but all transactions should be routed through the designated branch of authorized dealer.