NRI- NRIs invest in Goa. NRIs, PIOs, OCIs can invest their money in Goa, India and get tax free, fully repatriable, good returns. Free advice !

NRI Indians, PIO Indians, OCI Indians can invest in India and get tax free,
safe and excellent returns which are fully repatriable. We provide free
investment advice.

Yes - I want to invest in India. Give me your options, now!

Non Resident Indians NRI, Persons of Indian Origin PIO, Overseas Citizens of India OCI, can invest in India in various financial instruments and need not be silent spectators to the India growth story.

Who is an Non Resident Indian NRI?

An Indian citizen or a foreign citizen of Indian origin who stays abroad for employment/carrying out business or vocation for 182 days or more or under circumstances indicating an intention for an uncertain duration of stay abroad is a Non-Resident Indian (NRI).

Who is a Person of Indian Origin PIO?

A Person of Indian Origin (PIO) means a citizen of any country (other than Bangladesh or Pakistan), if :
(a) He/She at any time has held an Indian passport or
(b) He/She or either of his/her parents or grand parents was a citizen of India by virtue of the constitution of India or Citizenship Act, 1955 (57 of 1995) or
(c) He/She is a spouse of an Indian citizen or of a person referred to in (a) or (b) above.

Can an NRI maintain a bank account in India?

Yes. NRIs can maintain accounts in rupees as well as in foreign currency. However, accounts in foreign currencies can be maintained with authorized dealers/ banks only.

What are the different types of rupee accounts that are permitted and can be maintained by NRIs?

The three types of rupee accounts permitted, that can be maintained by NRIs are as follows :
a) NRE : Non-Resident (External) Rupee Account
b) NRO : Non-Resident (Ordinary) Rupee Account
c) FCNR – B : Foreign Currency (Non –Resident) Accounts (Banks) 

What are NRE and NRO accounts?

Non-Resident (External) Rupee (NRE) account is a rupee account from which funds are freely repatriable. It can be opened with either funds remitted from abroad or local funds maintained in NRE/ FCNR accounts, which can be remitted abroad. The deposits can be used for all legitimate purposes. The balance in the account is freely repatriable. Interest credited to the NRE accounts is exempt from tax in the hands of the NRI.

Non-Resident Ordinary Rupee (NRO) account is a rupee account and can be opened with funds either remitted from abroad or generated in India. The amounts in such an account are generally non-repatriable. However, funds in NRO accounts can be remitted abroad subject to/as per various directives in force at the time of repatriation.

Who issues PIO cards?

Person of Indian Origin (PIO) Cards are issued by Ministry of External Affairs (CPV Division), Government of India to persons of Indian origin through Indian missions abroad.

What is the eligibility criteria for OCI Indian status? (Dual citizenship)

A foreign national, who was eligible to become citizen of India on 26.01.1950 or was a citizen of India on or at anytime after 26.01.1950 or belonged to a territory that became part of India after 15.08.1947 and his/her children and grand children, provided his/her country of citizenship allows dual citizenship in some form or other under the local laws, is eligible for registration as Overseas Citizen of India (OCI). Minor children of such person are also eligible for OCI. However, if the applicant had ever been a citizen of Pakistan or Bangladesh, he/she will not be eligible for OCI.