Who regulates NRI and OCI investments in India?

The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) govern OCI and NRI investments in India. The investments are regulated based on the Foreign Exchange Management Act of 1999.

Who is eligible to invest in NRI investment plans in India?

A person is considered a Non-Resident Indian (NRI) if they hold Indian citizenship but reside in a foreign country for purposes such as employment, business, or other specific intentions, and do not meet the following criteria: resided in India for more than 182 days in a financial year, or resided in India for 60 days or more in the previous year and 365 days or more during the 4 preceding years. Primary eligibility conditions include: age between 18 and 60 years, possession of a PAN Card, and an NRE or NRO Account for the transfer of funds.

Is it a good idea for an NRI or OCI to invest in India?

India is one of the fastest-growing economies with strong key economic indicators, offering wide-ranging investment opportunities and higher returns. Clear regulations and streamlined processes provide easy access to investments. NRI and OCI investors can also benefit from tax deductions and exemptions on income earned in India, depending on the type of investment.

Which is the best investment plan for an NRI or OCI in India?

The best investment plan for an NRI or OCI in India depends on individual financial requirements, risk appetite, investment period, and affordability. Aggressive investors can choose direct equity or equity-oriented mutual funds, while conservative investors may prefer fixed deposits, Public Provident Fund investments, or bonds.

What is the difference between NRE and NRO accounts?

Non-Resident External (NRE) Account: Repatriation of funds to the country of residence is straightforward. Foreign currency funds can be easily transferred and used for investments in India, and the interest earned is tax-exempt. Non-Resident Ordinary (NRO) Account: Repatriation of funds involves more documentation and is more complex. Interest earned is taxable. It is suitable for depositing India-sourced income such as rental income. NRIs and OCIs cannot hold a regular savings bank account in India and must use an NRO account instead.

Can an NRI or OCI start a SIP in India?

Yes, NRIs and OCIs can invest in mutual funds through Systematic Investment Plans (SIPs) in India across equity, debt, and hybrid funds based on their risk appetite. However, SIP investments for NRIs and OCIs are restricted for investors residing in the USA and Canada.

What documents are required for NRIs and OCIs to invest in India?

The documents required may vary by investment type, but common requirements include: PAN Card, copy of passport, recent passport-size photographs, proof of residence outside India, bank statement of the NRE or NRO Account, and a power of attorney.

Can NRIs and OCIs invest in the Public Provident Fund (PPF)?

NRIs and OCIs cannot open a new Public Provident Fund (PPF) account in India. However, if they had opened a PPF account when they were resident Indians, they may continue to contribute to it.

Are there any tax benefits for NRIs and OCIs investing in India?

Yes, NRI and OCI investors can avail of tax deductions and exemption benefits on their investments and income earned in India. The applicable tax benefits depend on the type of investment, the extent of income earned, and the prevailing tax rate.

Can NRIs and OCIs invest in the Indian Stock Market?

Yes, NRIs and OCIs can invest in the Indian Stock Market. They are required to open a Portfolio Investment Scheme (PIS) Account with a bank. Additionally, they must have an NRE Account, an NRO Account, a Demat Account, and a Trading Account with a registered stockbroker.

What is PIS, and is it mandatory for NRIs and OCIs to invest in India?

PIS stands for Portfolio Investment Scheme. It is not mandatory for all investment types. NRIs and OCIs need a PIS Account with a bank specifically to invest in the Indian stock market. The PIS Account is linked to the Demat Account with a registered broker and the investor's NRO or NRE Account for fund transfers. NRIs and OCIs can, however, invest in the primary market (e.g., IPOs) using their NRE or NRO Account without a PIS.

Can NRIs and OCIs have multiple Demat accounts?

Yes, NRIs and OCIs can hold multiple Demat accounts. It is important to note that separate Demat accounts are required for non-repatriable (NRO) and repatriable (NRE) investments. Proceeds from shares sold through an NRE-linked account are tax-free and repatriable, while proceeds from an NRO-linked account are subject to applicable taxes before repatriation.

What are the benefits for NRIs and OCIs investing in India?

Key benefits include: wide-ranging investment opportunities across risk profiles (low, medium, and high risk); clear regulations and streamlined processes; higher potential returns; easy and convenient repatriation of funds; India's status as one of the fastest-growing economies contributing to increased investment value; tax deductions and exemptions for specific investment plans; and access to professional fund managers.

What are the different types of NRI and OCI investment plans available in India?

High-return options include: Direct Equity, Mutual Funds, Unit Linked Insurance Plans (ULIPs), Real Estate, National Pension Scheme, and Pre-IPO Market. Low-risk options include: Savings Insurance Plans, Fixed Deposits, Corporate Fixed Deposits or Non-Convertible Debentures (NCDs), Public Provident Fund (PPF), Money Market Instruments, Perpetual Bonds, PSU Bonds, Sovereign Gold Bonds, and Bharat Bond ETF. Investment options for HNIs include: Portfolio Management Services (PMS), Startups, Alternative Investment Funds, Fractional Ownership of Commercial Real Estate (CRE), and InvITs.

Are NRI and OCI investment plans subject to taxation in India?

Yes, NRI and OCI investment plans are subject to taxation in India. The applicable taxes vary based on the type of investment, such as equity, mutual funds, real estate, NPS, and others.

Can an NRI or OCI purchase property in India?

NRIs and OCIs can purchase residential and commercial real estate properties in India. However, they are not permitted to purchase agricultural land, farms, or plantations.

How can NRIs and OCIs manage their investment plans in India?

NRIs and OCIs can manage their investments in India by: tracking market trends and key performance indicators; staying updated through online news platforms; regularly reviewing their portfolio based on changing risk appetite and investment needs; using Portfolio Management Services; monitoring changes in regulatory and taxation policies; and seeking guidance from professional financial advisors.

Can NRIs and OCIs invest in Post Office Schemes in India?

NRIs and OCIs cannot directly invest in Post Office Schemes in India. They may invest through a joint account held with a relative who is a resident Indian.

Is a PAN card mandatory for NRIs and OCIs to invest in India?

Yes, a PAN card is mandatory for NRIs and OCIs who are investing in India or have taxable income in India.

Can Non-Resident Indians invest in mutual funds in India?

Yes, Non-Resident Indians can invest in mutual funds in India. However, SIP investments for NRIs and OCIs are subject to restrictions for investors residing in the USA and Canada.

What happens to my SIP when I become an NRI or OCI?

Investors can continue their SIP after becoming an NRI or OCI with a few required changes: updating their residential status, converting their bank account to an NRE or NRO account, and complying with additional Foreign Account Tax Compliance Act (FATCA) requirements if relocating to the USA or Canada.

How can NRIs or OCIs repatriate their investments from India?

NRIs and OCIs can repatriate their investments from India using their NRE (Non-Resident External) Account, which allows for free and full repatriation of funds to their country of residence.

Can NRIs invest in Indian government bonds or RBI bonds?

Yes, NRIs can invest in certain Indian government bonds, select PSU bonds, and RBI bonds. The Reserve Bank of India (RBI) offers the Fully Accessible Route (FAR) for NRIs to invest in Government Securities (G-Secs) and State Development Loans (SDLs).

What is the maximum limit for NRI investments in India?

NRI investments in Indian companies are capped at 10% of the company's paid-up capital in aggregate, with a single investor limit of 5%. This ceiling can be raised to 24% if the company passes a special resolution at its general body meeting.

Do NRIs need to update KYC when investing in India?

Yes, NRIs are required to complete and update their KYC (Know Your Customer) information when investing in mutual funds or opening a bank account in India. This is a mandatory requirement to ensure compliance with Indian financial regulations.

Can NRIs invest jointly with residents in India?

Yes, NRIs can invest jointly with Indian residents in certain circumstances. They are permitted to open joint accounts with resident Indians on a former or survivor basis, as defined under applicable regulations.

Are NRI investments in India affected by currency exchange rates?

Yes, currency exchange rates affect NRI investments in India. Fluctuations in exchange rates can have a significant impact on the value of investments and the returns received when funds are repatriated to the investor's home currency.

Can NRIs use international credit cards to invest in India?

No, NRIs cannot use international credit cards to directly invest in India. Regulatory requirements mandate that investment funds be transferred from verified NRE or NRO bank accounts.

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NRI Investment in India

NRI investment in India continues to rise as Non-Resident Indians (NRI) seek stable, growth-oriented avenues to build long-term... Read more wealth. India’s strong economic performance, competitive returns, and emotional and financial ties make it a preferred destination for global investors. As of May 2025, the country recorded $7.2 billion in gross FDI, with NRIs contributing significantly to this inflow⁵. Remittances also hit a record $135.46 billion in FY 2024–2⁶, reflecting sustained confidence in India’s financial ecosystem. Read less

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¹Illustrative returns @4%: ₹49.8 Lakh | @8%: ₹89.9 Lakh | @19.47%: ₹4.6 Cr
⁴19.47% is the 10-year CAGR of Tata AIA Multi Cap Fund as of Mar’26, which is projected for 20 years after adjusting for all expenses. Available with Tata AIA Premier SIP. Past performance is not indicative of future performance. Returns are illustrative only and not guaranteed. T&C apply... Read More Illustration shows a monthly premium of ₹30,000 for Tata AIA Premier SIP for a 20-year-old male, standard life, premium payment term: 10 years, policy term: 20 years in Future Secure plan option.The linked insurance product does not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially until the end of the fifth year.

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Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP - Non-participating, Unit-linked, Individual Life Insurance Savings Plan (UIN: 110L174V01) and
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NRI Investment Plans

NRI Investment plans facilitate NRIs to invest in India using available financial instruments. NRIs can invest through mutual funds, ULIPs, fixed deposits, real estate, AIFs, PMS, and insurance, many of which are easily accessible through digital onboarding. Life Insurance plans can be purchased through quick, digital process, making it easy to secure life cover alongside investments for comprehensive financial planning.

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Choosing the right investment plan may help you build long-term wealth through well-diversified equity, debt, and hybrid funds. Tata AIA offers NRI investment solutions such as Tata AIA Premier SIP and Tata AIA Param Raksha Life Pro +, each following a disciplined strategy to help you align your goals with market-linked⁷ opportunities. Before selecting a plan, compare factors such as fund performance, asset allocation, and long-term suitability. There are also guaranteed⁸ returns options like Tata AIA Fortune Guarantee Supreme for steady returns. With goal-based investing, you can create a roadmap for future milestones such as education or retirement. Tata AIA investment plans help you balance growth with financial security while securing your family with a life cover.

Best NRI investment plans in India

Here are some of the investment plans for NRIs in India:

1. Direct Equity

NRIs and OCI (Overseas Citizenship of India) holders can choose to invest in the Indian stock market. Equity investments may help deal with inflation and may provide higher returns over the long term. NRI investors can purchase the shares of a company listed on the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE). They need to open a Portfolio Investment Scheme (PIS) Account with a bank to invest in equity.
2. Mutual Funds

Mutual fund investment for NRI is relatively less risky than investments in equities and managed by professionals of an Asset Management Company (AMC). NRI mutual fund options extend to equity, debt, or hybrid fund investments. The option can be exercised based on the individual risk profile. Furthermore, investments in mutual funds can be made using the Systematic Investment Plan (SIP) or the Systematic Withdrawal Plan (SWP).
3. Unit Linked Insurance Plans (ULIP Plans)

ULIP Plans are comprehensive life insurance plans that provide dual benefits of life insurance and market-linked returns⁷. This may help NRIs secure their family in their absence while also ensuring the capital appreciation of their investments with India’s growth story. ULIP plans provide the option to invest in the fund options based on the individual risk appetite and requirements.
4. Real Estate

NRIs can invest in residential and commercial real estate properties in India. Investing in reputable properties in the right location may provide substantial returns in the long term and is considered one of the preferred investment options for NRIs.
5. Retirement Plans

While people move to a foreign destination with a purpose, retirement might be aligned to the home country, India. Retirement plans offer the benefit of accumulating funds for the long term, withdrawing a portion of it during maturity, and utilising the remaining portion to purchase an annuity plan that offers a regular income throughout life. The two most common annuity plans are the immediate annuity plan, which starts providing the regular income after the first premium is paid, and the deferred annuity plan, which provides regular income from a later date.
6. National Pension Scheme (NPS)

NRIs can open an NPS account with the help of Point of Presence (PoP), a service provider through which they can open and operate the account. It may be considered by NRIs looking to plan their retirement in India. Both the Non-Resident External (NRE) and the Non-Resident Ordinary (NRO) accounts can be utilised for the NRI National Pension Scheme.
7. Pre-IPO Market

NRIs can invest in the pre-IPO market. Investors can purchase company shares that are yet to be listed on a public exchange. Private companies issue shares through an investment firm.

The units purchased will be deposited in the NRI's Demat account. However, it is unregulated, so NRIs must proceed cautiously.
8. Guaranteed Return Savings Insurance Plans

NRIs can consider choosing savings insurance plans that offer dual benefits of a life cover for the entire policy term and guaranteed⁸ returns as the maturity benefit. T&C Apply.

As the returns are guaranteed, it is considered a suitable investment for NRI and for people having a family in India and future commitments such as a child's education, marriage, etc. ⁸T&C Apply.
9. Fixed Deposit (FD)

Fixed Deposit is a preferred NRI savings plan option for conservative investors. NRI fixed deposits apply for NRE, NRO, and FCNR accounts. NRIs can save and maintain income earned in India in Indian Rupees. The NRO fixed deposit rate for a deposit of less than ₹2 crores can range between 3% - 8%.

NRIs can deposit money earned in foreign currency after converting it to Indian Rupees. The NRE FD rates for an amount less than ₹2 Crore range between 6% and 7.90% based on the holding period.
10. Child Plans

Planning for the child's future as an NRI is essential mainly when the family is settled in India. It helps secure funds for their higher education, marriage, and other important financial commitments. Financial institutions in India have introduced different investment options that can serve as Child Plans. For instance, a life insurance endowment plan may help NRIs secure funds systematically over the long term to ensure a lump sum maturity benefit for their child's future.
11. Corporate Fixed Deposits (FDs) or Non-Convertible Debentures (NCDs)

Corporate FDs or NCDs are debt instruments issued to the public by some high-rated companies to enhance long-term capital appreciation for investors. The investment option will have a fixed maturity date, and the interest earned will be paid along with the principal, either monthly, quarterly, or annually.
12. Public Provident Fund (PPF)

Public Provident Fund (PPF) is preferred by NRIs for long-term investment. The investors must deposit a certain amount regularly into their PPF account. The interest amount earned and the accumulated fund will be the maturity benefits received at the end of the investment tenure. The lock-in period for the investment is 15 years.
13. Money Market Instruments

The government and companies use money market instruments to raise short-term debt for their financial needs. This may be an option for NRIs looking for an investment tenure of less than a year and are listed both on the NSE and BSE stock exchanges. The Government of India has permitted investment for NRIs to invest in these securities, such as treasury bills, on a repatriable or non-repatriable basis.
14. Perpetual Bonds

Perpetual bonds are bonds that are not redeemable but offer steady interest payouts. The bonds do not have a fixed maturity date, and the issuing company provides returns annually.
15. PSU (Public Sector Undertaking) Bonds

PSU Bonds, also called tax²-free bonds, are issued by government enterprises. They offer a fixed interest rate and a potential low-risk investment option. Tax-free bonds generally have long-term maturity. The enterprise utilises the amount collected in infrastructure and other development projects.
16. Bharat Bond ETF

Exchange Traded Funds (ETFs) are a type of mutual fund investment listed and traded on stock exchanges.

The Bharat Bond ETF is a bond issued by the Government of India to help the public sector borrow funds from HNIs, individual investors, etc. NRIs can invest in them and are considered a safer investment option.
17. Portfolio Management Services (PMS)

Portfolio Management Services is a financial service offered by professional portfolio managers. They manage the investor's investment portfolio with the guidance of a research team. It can be related to stocks, fixed income, debt, and other individual securities. The minimum investment is ₹50 Lakh. However, the NRIs will have to analyse the costs and risks associated with the PMS before making an investment decision.
18. Startups

NRIs have found investment in startups a considerable option to potentially increase their returns. Various investment platforms provide easier access and a streamlined process to invest in startups. The platforms also provide tools for due diligence to evaluate investments and help mitigate risks.
19. Alternative Investment Funds

Alternate Investment Funds (AIF) refer to alternate asset classes such as real estate, hedge funds, private equity, etc. These high-quality investments previously available for institutional investors in India are now accessible for the NRIs. AIFs are diversified and provide higher returns. It is regulated by SEBI and the minimum investment is ₹25-30 Lakh.
20. Fractional Ownership of CRE

CRE refers to Commercial Real Estate in India. Fractional ownership of CRE allows NRIs to invest in highly valued properties that would have been unaffordable. It may assist in accessing a portion of the rental income and the appreciation value, making it a suitable investment option for a passive income. The minimum investment is ₹1 Crore.
21. INVITs

INVITs refers to Infrastructure Investment Trusts. It provides the option for NRIs to invest in infrastructure projects such as airports, roads, power plants, etc. The investors receive a regular income through dividends and offer opportunities for cost-effective capital appreciation.

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Popular Tata AIA Plans for NRI

Combination composition

In this policy, the investment risk in investment portfolio is borne by the policyholder.

Param Raksha Life Pro+ is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V02) and (2) Tata AIA Health Buddy, Non-Participating, Non-Linked, Individual Health Product (UIN: 110N183V01). These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of respective individual products mentioned herein before concluding sale.

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Combination composition

In this policy, the investment risk in investment portfolio is borne by the policyholder.

Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP, Non-participating, Unit-linked, Individual Life Insurance Savings Plan (UIN: 110L174V02), and Tata AIA Health Buddy, Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Both Tata AIA Smart SIP and Tata AIA Health Buddy are also available for sale individually.

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Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N158V14) | ²T&C apply

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Fortune Guarantee Plus

Pay Rs.8,830/month³ for 10 years & get Rs. 46 Lakh+ maturity amount
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Individual, non-linked, participating, Life Insurance Savings Plan (UIN: 110N207V02)

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Why Is Investing In India One Of The Best Options For NRIs and OCIs?

While there are several investment opportunities, it is important to know why it is considered one of the best options for NRIs and OCIs to invest in India.

01

Rapid Economic Growth

India’s economy has been expanding steadily, opening up opportunities across sectors such as equities, infrastructure, and digital services. This broad growth allows NRIs to participate in a market that continues to evolve and modernise. Over time, this can support long-term wealth-building as portfolios align with India’s economic progress.
02

Better Returns

Investment options in India, like equity mutual funds, bonds, IPOs, and fixed-income products, often offer competitive returns compared to many global markets. The overall regulatory environment also supports investors. However, returns are linked to market movements, so it’s important for NRIs to choose instruments that suit their personal risk comfort.
03

Financial Safety

For NRIs with families in India, products such as term plans and pension schemes may help create financial cushioning back home. These tools are designed to offer stability by ensuring dependants are protected from unexpected financial pressure.
04

Portfolio Diversification

Investing in more than one country may help balance risk across different markets and currencies. Adding Indian assets allows NRIs to blend INR-based investments with their overseas holdings, bringing variety to their overall portfolio. A balanced mix of equities, insurance, and fixed-income instruments can create a more resilient investment strategy.
05

Building a Retirement Corpus

Many NRIs choose Indian retirement solutions such as pension schemes and long-term savings plans because they align well with future expenses in India. These options may help build a retirement fund that keeps pace with lifestyle needs and rupee-based spending.
06

Tax Benefits

NRIs may be able to access certain tax² advantages depending on the type of investment and the country they live in. Double Taxation Avoidance Agreement (DTAA) helps NRIs to take treaty benefits and avoid taxability of same income twice, making cross-border financial planning smoother.

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How Can NRIs and OCIs Invest In India?

The process for investing in the NRI and OCI investment plans varies based on the specific financial instrument. Here are the few essential steps that can help NRIs and OCIs to invest in India:

Open an NRO or NRE bank account

NRIs and OCIs should open an NRO or NRE bank account with an Indian bank to invest in India. It is important to remember that an NRE account should be used for investments using foreign earnings that can be repatriated. The NRO account should be used for investments based on earnings in India that cannot be repatriated.
Obtain your permanent account number (PAN)

NRIs and OCIs should have a PAN card to invest in India. It is important for various processes such as opening a bank account, investing, filing Income Tax Returns, and claiming tax² deductions and exemptions, etc.
Choose the investment plans

NRIs and OCIs have different investment options, such as direct equity, mutual funds, savings schemes, etc. They need to compare and evaluate the benefits to choose some of the best options.
Complete the documentation and KYC norms

Prepare the documents for the investment plans and complete the KYC (Know Your Customer) norms specific to the investment options in India for NRI or OCI. Submit the required identity and address proofs to complete the process.
Ensure compliance with rules and regulations

NRI and OCI investors need to understand the tax² implications, rules, and regulations concerning India and the country of residence to avoid unnecessary discrepancies in the future. It is always recommended to take the advice of tax consultants or financial advisors regarding OCI and Income tax provisions² relating to NRI to make the best investment decisions.

Eligibility criteria for NRIs to invest in India

Factor	Detail
Age	Must be between 18–65 years (varies by insurer)
Documents	Required documents include valid passport with latest immigration stamps, visa copy or work/study permit, and proof of residence (Indian and foreign). Identity proof, age proof, income proof, FATCA annexure, and a completed NRI questionnaire are also needed.
Medical Requirements	Medical tests are mandatory for higher coverage amounts, usually conducted remotely or at approved centers. Disclosure of medical history is required. Video medicals may be accepted by some insurers. Additional tests may be requested based on the underwriting policy.

What documents do NRIs need to invest in India?

In India, NRI investment options generally require the following documents:

NRI Proof

As per Indian government regulations, you must have documents proving your non-resident Indian status (NRI).
NRO or NRE Account

To invest in India, you need a Non-Resident Ordinary (NRO) or a Non-Resident External (NRE) bank account.
Permanent Account Number

You must have a Permanent Account Number (PAN). An NRI declaration in place of a PAN may be used if you do not have a PAN. To ease taxation and ensure compliance, this is necessary.
Valid Visa and Passport

NRI status must be confirmed with a valid visa and passport.

In addition to these standard documents, you may also need to submit a few others, depending on how you plan to invest in India as an NRI. Consult with your financial advisor or a consulting institution to determine the specific requirements for each plan.

PAN or TRC, and income documents or salary proof.

Taxation for NRIs

Here are the tax² benefits applicable for investment for NRIs:

Residential Status

According to the Income Tax Act, tax liability in India depends on your residential status. As an NRI, you are only liable to pay taxes on income you earn or accrue in India.

Tax on investment

0% GST on premiums paid for life insurance policies (term plan, ULIP, insurance savings scheme, retirement plans).
Tax exemption up to ₹1.5 Lakh on investments under Section 123, schedule XV of the Income Tax Act 2025.

Taxable Income for NRIs

Income earned in India (e.g. salary, rent from Indian property, capital gains from Indian assets).
Interest earned on NRO (Non-Resident Ordinary) accounts is taxed.
NRE (Non-Resident External) and FCNR accounts earn tax-free interest, subject to conditions.

Maturity benefit

Short-term capital gains (STCG) on listed equities are taxed at 20%.
Long-term capital gain tax (LTCG) on listed shares or equity mutual funds is taxed at 12.5% for gains exceeding ₹1.25 Lakh/annum.
For ULIPs, maturity returns are tax-free if aggregate annual premium is below ₹2.5 Lakh per year and annual premium does not exceed 10% of the sum assured. If premium exceeds ₹2.5 Lakh/annuum, LTCG will be taxed as mentioned above.
At the time of payout, security transaction tax (STT) will be applicable @0.001% on value of units redemption in case of ULIP.
For endowment plans, maturity returns are tax-free if aggregate annual premium is below ₹5 Lakh per year and annual premium of all life insurance plans (excluding ULIPs) does not exceed 10% of the sum assured.

Death benefit

Death benefit from all life insurance policies is tax-free

TDS for NRIs

The majority of income earned in India is subject to tax deducted at source (TDS), such as rent, dividends, interest, and capital gains.
For NRIs, TDS rates may be higher than for resident Indians.

Double Taxation Avoidance Agreement (DTAA)

India has signed Double Taxation Avoidance Agreements (DTAAs) with several countries.
For claiming beneficial TDS rates for NRI, Tax residency certificate issued by Govt of customer residency country.
Basis clauses mentioned in DTAA and nature of product, beneficial TDS rates (if applicable) can be given in India.

Filing of ITR

If an NRI earns over ₹2.5 Lakh in India in a year or if TDS has been deducted and a refund is due, they are advised to file an Income Tax Return in India.

Important tips for NRIs investing in India

As an NRI, you should comply with the following FEMA guidelines before investing in India:

Confirm NRI status and obtain a PAN card: Your NRI status should be confirmed, and you should have a PAN card.
Open a Demat and trading account under PINS: You will need a Demat and trading account with a registered broker or bank under PINS in order to invest in stocks and convertible debentures.
Invest in mutual funds through NRE/NRO accounts: With your NRE/NRO accounts, you can invest in mutual funds through your bank, broker, or AMC.
Maintain an NRE or NRO bank account: To make investments, you will also need an NRO or NRE bank account.
Understand repatriable vs non-repatriable investments: There are two types of investments you can make in India: repatriable and non-repatriable.
Know repatriation rules for NRE accounts: If you invest through an NRE account, the entire investment proceeds are fully repatriable.
Know repatriation rules for NRO accounts: For all NRO accounts in India, the proceeds are only repatriable up to USD 1 million cumulatively per Financial Year (April-March).

Common mistakes NRIs make while investing

NRIs often make these investment planning mistakes. Avoid them to benefit from the best investment options for NRIs in India:

Lack of Research
:NRIs may be unaware of all of the types of plans they can invest in or which are appropriate for them. Usually, they rely on friends and family for information, thus lacking research. Taking this approach can lead to poor decisions. The appropriate way to make sound investments is to understand market trends, tax implications, and regulatory changes.
Avoiding Currency Risks
: NRIs often fail to factor in foreign exchange fluctuations or take rupee-denominated returns into account. These aspects should be kept in mind when making investments in Indian assets and plans to understand the risks.
Not Diversifying Your Portfolio
: The more concentrated your investments are in a single asset class or location, the greater your financial risk. To overcome the risk of losses, make sure you have a well-diversified portfolio across equities, fixed deposits, real estate, and international markets.
Short-Term Focus
: A focus on short-term gains can cause NRIs to miss out on long-term wealth opportunities. NRIs must be patient before they can see significant returns from investments such as mutual funds, stocks, and real estate.
Not Complying with FEMA Regulations
: Many NRIs unintentionally overlook guidelines laid out under FEMA, especially around investment rules, repatriation, and account types. Not following these regulations can lead to complications later. Staying compliant ensures your investments remain smooth, transparent, and hassle-free.

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FAQs on NRI investment plan

Who regulates NRI and OCI investments in India?

The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) govern OCI and NRI investments in India. The investments are regulated based on the Foreign Exchange Management Act of 1999.
Who is eligible to invest in NRI investment plans in India?
A person investing in India is considered a Non-Resident Indian (NRI) and liable to pay tax⁴ if they have Indian citizenship and, however, reside in a foreign destination. The purpose of the shift can be for reasons such as employment, business, or any other specific intention.

They are called an NRI if they do not meet the following criteria:
- Resided in India for more than 182 days in a financial year
- Resided in India for 60 days or more in the previous year and 365 days or more during the 4 years preceding the previous year
Furthermore, the eligibility criteria can differ for the individual investment plan option. Some of the primary conditions required are:
- Age between 18 and 60 years
- Having a PAN Card
- Having an NRE or NRO Account for the transfer of funds
Is it a good idea for an NRI or OCI to invest in India?

India is one of the fastest-growing economies, having better key economic indicators. It offers wide-ranging investment opportunities and contributes to higher returns.

In addition, clear regulations and streamlined processes provide easy access to investments. Furthermore, NRI and OCI investors can benefit from tax² deductions and exemptions for the income earned in India based on the type of investment.
Which is the best investment plan for an NRI or OCI in India?

The best investment plan for an NRI or OCI in India will depend on the individual financial requirements, risk appetite, investment period, and affordability. Aggressive investors can invest in direct equity, equity-oriented mutual funds, ULIPs, etc., while conservative investors can choose fixed deposits, Public Provident Fund investments, Bonds, etc.
What is the difference between the NRE and NRO accounts?

An NRE account holds foreign earnings in India, is tax-free2, and allows full repatriation. Whereas, an NRO account holds Indian income, is taxable, and has limited repatriation limits upto $1 Million per financial year.
Can an NRI or OCI start SIP in India?

Yes, NRIs and OCIs can start investing in mutual funds through Systematic Investment Plans in India.
What are the documents required for NRIs and OCIs to invest in India?
The documents required for the NRIs and OCIs to invest in India will differ for the different types of investments. Some of the common documents required are:
- PAN Card
- Copy of Passport
- Recent passport-size photographs
- Proof of residence outside India
- Bank statement of the NRE or the NRO Account
- Power of attorney
Can NRIs and OCIs invest in the Public Provident Fund (PPF)?

NRIs and OCIs cannot open a Public Provident Fund (PPF) in India. However, if they had opened it earlier when they were resident Indians, they can continue to contribute to their PPF Account.
Are there any tax benefits for the NRIs and OCIs investing in India?

Yes, NRI and OCI investors can avail of tax² deductions and exemption benefits for their investments and the income earned in India. However, the OCI and NRI tax⁴ benefits will depend on the type of investment, the extent of income earned, and the tax⁴ rate.
Can NRIs and OCIs invest in the Indian stock market?
Yes, NRIs and OCIs can invest in the Indian stock market. However, NRI and OCI investors need to open a Portfolio Investment Scheme (PIS) Account with a bank to invest in the stock market.

In addition, they should also ensure to have the following:
- NRE Account
- NRO Account
- Demat Account
- Trading Account with a registered stockbroker.
What is PIS, and is it mandatory for NRIs and OCIs to invest in India?

PIS refers to the Portfolio Investment Scheme (PIS). It is not mandatory for all types of investments. NRI and OCI investors need to open a PIS Account with a bank to invest in the Indian stock market.
Can NRIs and OCIs have multiple Demat accounts?

Yes, NRIs and OCIs can have multiple Demat accounts. It is important to note that NRIs and OCIs should have separate Demat accounts for the non-repatriable (NRO) and repatriable (NRE) investments.
What are the benefits for the NRIs and OCIs investing in India?
- Wide-ranging investment opportunities
- Various options cater to different categories of investors, such as based on the risk profile.
- Clear regulations and streamlined processes for easy access to investments
- Higher returns on the investments
- Easy and convenient repatriation of funds
- Tax² deductions and exemptions for specific investment plans.
What are the different types of NRI and OCI investment plans available in India?
The different types of NRI and OCI investment plans available in India are:
- High Return Options for NRI and OCI Investment in India
- Direct Equity
- Mutual Funds
- Unit Linked Insurance Plans (ULIP Plans)
- Real Estate
- National Pension Scheme
- Pre-IPO Market
- Low-Risk Options for NRI and OCI Investment in India
- Savings Insurance Plans
- Fixed Deposit
- Corporate Fixed Deposits (FDs) or Non-Convertible Debentures (NCDs)
- Public Provident Fund (PPF)
- 1Money market instruments
- Perpetual Bonds
- PSU Bonds
- Sovereign Gold Bonds
- Bharat Bond ETF
- NRI and OCI Investment Options for HNI in India
- Portfolio Management Services (PMS) -
- Startups
- Alternative Investment Funds
- Fractional Ownership of CRE
- INVITs (Infrastructure Investment Trust)
Are NRI and OCI investment plans subject to taxation in India?

Yes, NRI and OCI investment plans are subject to taxation in India based on the type of investment, such as equity, mutual funds, real estate, NPS, etc.
Can an NRI or OCI purchase a property in India?

NRIs and OCIs can purchase residential and commercial real estate properties in India. However, OCI’s cannot choose to purchase farms, plantations, and agricultural land.
How can NRIs and OCIs manage their investment plans in India?
NRIs and OCIs can manage their investment plans in India by:
- Keeping track of the market trends and being informed of the key performance indicators
- Staying updated through online news platforms and taking the necessary actions
- Regularly reviewing the investment platform based on the changing risk appetite and investment needs
- Choosing the Portfolio Management Services
- Keeping track of any changes in the regulatory and taxation policies
- Seeking help from professional financial advisors
Can NRIs and OCIs invest in Post Office Schemes in India?

NRIs and OCIs cannot directly invest in Post Office Schemes in India. They should have a joint account with a relative who is a resident Indian to invest in them.
Is a PAN card mandatory for NRIs and OCIs to invest in India?

Yes, a PAN card is mandatory for NRIs and OCIs investing and having taxable income in India.
What happens to my SIP when I become an NRI or OCI?
The investor can continue to invest in the SIP after becoming an NRI or OCI, but the following changes are required:
- Changing the residential status
- Converting the bank account to NRE or NRO
- Complying with additional Foreign Account Tax Compliance Act (FACTA) requirements for people moving to US or Canada
How can the NRIs or OCIs repatriate their investments from India?

NRIs or OCIs can repatriate their investments from India using their NRE (Non-Resident External) Account.
Can NRIs invest in Indian government bonds or RBI bonds?

NRIs can invest in certain Indian government bonds alongside some PSUs and RBI bonds. Reserve Bank of India (RBI) offers the Fully Accessible Route (FAR) to invest in Government Securities (G-secs) and State Development Loans (SDLs).
What is the maximum limit for NRI investments in India?

NRI investments in Indian companies are limited to 10% of the company's paid-up capital, with a single investor having a 5% limit. If the company passes a special resolution in its general body meeting, this limit can be increased to 24%.
Can NRIs invest in Indian startups or private companies?

Yes. The Foreign Exchange Management Act (FEMA), 1999 allows NRIs to invest in startups in India. Startups must adhere to government regulations to ensure foreign funds are legally channeled.
Do NRIs need to update KYC when investing in India?

Investing in mutual funds or opening a bank account in India requires Non-Resident Indians (NRIs) to update their KYC (Know Your Customer) information. To ensure compliance with Indian financial regulations, this is a mandatory requirement.
Can NRIs invest jointly with residents in India?

Non-Resident Indians (NRIs) can invest jointly with Indian residents in certain circumstances. NRIs are permitted to open joint accounts with residents (as defined in the Companies Act) on a "former or survivor" basis.
Are NRI investments in India affected by currency exchange rates?

Yes. The exchange rate affects NRI investments in India. When repatriated to the investor's home currency, these rates have a significant impact on investment value and returns.
Can NRIs use international credit cards to invest in India?

NRIs cannot directly invest in India using international credit cards. Regulations require NRIs to transfer funds for investments in India from verified bank accounts, either NRE or NRO.

NRI Investment in India

Success

Failure

NRI Investment Plans

Our funds have consistently outperformed benchmarks

Best NRI investment plans in India

1. Direct Equity

2. Mutual Funds

3. Unit Linked Insurance Plans (ULIP Plans)

4. Real Estate

5. Retirement Plans

6. National Pension Scheme (NPS)

7. Pre-IPO Market

8. Guaranteed Return Savings Insurance Plans

9. Fixed Deposit (FD)

10. Child Plans

11. Corporate Fixed Deposits (FDs) or Non-Convertible Debentures (NCDs)

12. Public Provident Fund (PPF)

13. Money Market Instruments

14. Perpetual Bonds

15. PSU (Public Sector Undertaking) Bonds

16. Bharat Bond ETF

17. Portfolio Management Services (PMS)

18. Startups

19. Alternative Investment Funds

20. Fractional Ownership of CRE

21. INVITs

Popular Tata AIA Plans for NRI

Combination composition

Param Raksha Life Pro +

Combination composition

Premier SIP

Popular Tata AIA Products for NRI

Solution Composition

Fortune Guarantee Plus

Combination composition

Shubh Flexi Income Plan

Why Is Investing In India One Of The Best Options For NRIs and OCIs?

Unlocking Investment Opportunities in India for NRIs

How Can NRIs and OCIs Invest In India?

Open an NRO or NRE bank account

Obtain your permanent account number (PAN)

Choose the investment plans

Complete the documentation and KYC norms

Ensure compliance with rules and regulations

Eligibility criteria for NRIs to invest in India

What documents do NRIs need to invest in India?

NRI Proof

NRO or NRE Account

Permanent Account Number

Valid Visa and Passport

Taxation for NRIs

Residential Status

Tax on investment

Taxable Income for NRIs

Maturity benefit

Death benefit

TDS for NRIs

Double Taxation Avoidance Agreement (DTAA)

Filing of ITR

Important tips for NRIs investing in India

Common mistakes NRIs make while investing

Lack of Research

Avoiding Currency Risks

Not Diversifying Your Portfolio

Short-Term Focus

Not Complying with FEMA Regulations

Why Choose Tata AIA Life Insurance?

89 Lakh+

₹9 Lakh Crore+

1.4 Lakh Crore+

99.41%

600+ Branches

4 Hour

FAQs on NRI investment plan

Who regulates NRI and OCI investments in India?

Who is eligible to invest in NRI investment plans in India?

Is it a good idea for an NRI or OCI to invest in India?

Which is the best investment plan for an NRI or OCI in India?

What is the difference between the NRE and NRO accounts?