For the Global Indian

Custom designed solutions and flawless execution in INR and Global currencies.

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A dream is not something you see in your sleep, it is something that won't let you fall asleep.  

Dr. Abdul KALAM • Bharat Ratna, Late. President of India

NRI Services

NRI's are divided by the countries where they live and work, but much united because they are all Indians (or) their ancestors were Indian by origin. NRI's could fall into NRI, OCI and PIO categories, but referred here as NRIs

  • NRI's have a different profile when it comes to money matters i.e., 
    • Earnings in Foreign Currency
    • Earning both taxable and tax free income, subject to tax jurisdiction
    • Maintain multiple bank accounts such as:
    • Foreign Currency (Local) - SGD, AED, OMR, GBP etc.,
    • Foreign Currency (Global) - USD, EUR
    • NRE (INR - Repatriable)
    • NRO (INR - Non-repatriable)
  • NRIs might decide to permanently settle overseas (or) relocate to India after their active working years
  • Spending  in Foreign, Local and Indian currency depending on situations like work, vacation, home country visit etc.,
  • Citizenship Status (e.g, GC / PR) in the country they live & work) 

NRI's however face major challenges relating to money management and earning gainful return on investments due to the following reasons

  • Low rates of interest in countries they reside, hence poor returns
  • Scenarios of Double Taxation, when income is from multiple countries
  • Complex and Stricter compliances to open, operate, manage and transition multi-currency investment accounts
  • "Currency risk" faced while investing and repatriating in multiple currencies
  • Limited investment choices (predominantly Insurance linked products) that charge heavily yet deliver very poor returns
  • Time zone difference between their country of residence and markets where they wish to invest their money for better returns
  • Provider's lack of understanding of NRI family specific needs and personalized service vital for financial peace of mind
  • Lastly, uncertain job situation due to political and economic factors

Scores of NRIs have benefited from our financial planning and global investment advisory services.

Talk to us to chart a financially stable future for your family.

Brochure

Often, due to their tight professional work schedules, NRIs do not find the time nor have the leeway to build extensive knowledge and understanding of the plethora of financial products in the marketplace and select what is most suitable for their family's financial future.

NRI's are frequently much sought after by agents, brokers and salesmen of Foreign and Indian Insurance companies who aggressively push and subscribe them to sub-optimal, unsuitable, illiquid and one-size fits all products that deliver poor returns, do not fit investor's risk profile and turn out damaging to exit or liquidate midway with no alignment to their life goals. 

​Dhanayoga has been professionally guiding Non-Resident Indian (NRI) investors living in countries such as UAE, Oman, Bahrain, Saudi Arabia, Qatar, Spain, Germany, USA and UK with right fit Investment and Insurance offerings, debt counselling, KYC and account setup, transaction execution, portfolio monitoring, tax harvesting, rebalancing and associated solutions and services of outstanding quality and value in an independent and thoroughly professional manner. 


Our Approach

NRI Offerings

RBI Regulations


Most NRIs find it complex and are unclear about how to go about investing into the Indian stock markets. The lack of information regarding the fairly extensive documentation and account setup process has proved a hurdle for many Indians based overseas.


As per RBI regulations, 


NRIs 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.
  • Shares in Public Sector Enterprises being dis-invested by the Government of India, provided the purchase is in accordance with the terms and conditions stipulated in the notice inviting bids.
  • Shares and convertible debentures of Indian companies under the FDI scheme (including automatic route & FIPB), subject to the terms and conditions specified in Schedule 1 to the FEMA Notification No. 20/2000- RB dated May 3, 2000, as amended from time to time.
  • Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme, subject to the terms and conditions specified in Schedule 3 to the FEMA Notification No. 20/2000- RB dated May 3, 2000, as amended from time to time.


NRIs may, without limit, purchase on non-repatriation basis:

  • Government dated securities / Treasury bills
  • Units of domestic mutual funds
  • Units of Money Market Mutual Funds
  • 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.
  • Exchange traded derivative contracts approved by the SEBI, from time to time, out of INR funds held in India on non-repatriable basis, subject to the limits prescribed by the SEBI.


DEMAT Account Guidelines

Open a bank Account

The first step in investing in Indian Stock Markets is to get a Bank Account. This will of course be to deposit the funds that you seek to invest into India. As a Non-Resident, the funds you deposit will naturally be in a foreign currency. What you need to decide, however, is whether you want your funds to be held in the foreign currency or in Indian Rupees. In banking terms whether you want your account to be repatriable or non-repatriable.

In simple terms repatriable accounts allow you to take out the balance held in the account in India, while in case of non-repatriable accounts, the money cannot be taken outside of India.


Trading Guidelines


A. Portfolio Investment Scheme (PINS)

Portfolio Investment Scheme (PINS) is a scheme of the Reserve Bank of India (RBI) under which the 'Non-Resident Indians (NRI's)' and 'Person of Indian Origin (PIOs)' can purchase and sell shares and convertible debentures of Indian Companies on a recognised stock exchange in India by routing all such purchase/ sale transactions through their account held with a designated Bank Branch. The designated Bank maintains a record of all investments done under PINS (PINS portfolio).


B. Non - PINS

Any investment other than under PINS. Typically, this includes:

  • Subscription to Primary market offerings (IPOs)
  • Investments made when resident in India
  • Investments in Mutual funds
  • Investments in derivatives
  • Gifts and Inheritance

You may have to open demat accounts of a specific combination if you already hold physical shares in that combination. Physical shares can be converted into electronic form in your demat account by submitting the certificates along with a demat request form. You should also open the required combination under the correct type of demat account:

PINS NRE - For shares acquired earlier under PINS on repatriation basis


PINS NRO - For shares acquired earlier under PINS on non-repatriation basis


Non-PINS NRE - For shares acquired earlier other than under PINS on repatriation basis


Non-PINS NRO - For shares acquired earlier other than under PINS on non-repatriation basis and also when 'Resident' in India