India is one of the attractive destinations for investors and the non-resident Indians also come under the category. The investments done by NRIs are considered as foreign investment from the perspective of Indian foreign exchange regulations. The regulations have been made liberal over the years. This has made India one of the top recipients for foreign recipients. Here are some key considerations for NRIs in India.
Bank deposits: the bank accounts are of predominantly three types which might be opened by NRIs in India, which are: Non-Resident Rupee Account Scheme, Non-Resident Ordinary Rupee Account and Foreign Currency Account Scheme. You can know the Fd status and invest in the one that you like.
Equity investment: investing in equity shares of fast-growing shares of India is a great opportunity for NRIs. An NRI can invest up to 5 percent of paid-up values of shares among the listed company through a stock exchange.
Mutual funds: the NRIs can buy units of mutual funds irrespective of the mutual funds such as equity-oriented or debt-oriented. The return from investment in mutual funds is mainly in the form of dividends and governed by some taxing principles such as equity dividends.
Bottom line
If you are into investing do proper research and choose the option that will give you the highest fixed deposit interest rates.
