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| PORTFOLIO INVESTMENT SCHEME . |
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Non Resident Indians can invest in India
- On Repatriation basis
- On Non Repatriation basis
Investments in India by a NRI have been divided into following
categories :
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Investment under Foreign Direct Investment Scheme
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Investment by NRIs under Portfolio Investment Scheme
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Purchase and sale of shares by NRIs on Non Repatriable
basis
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Purchase and sale of securities other than shares and
convertible debentures of an Indian Company by a person resident outside
India
Under the Portfolio Investment Scheme, an NRI may purchase/sell shares and /or convertible debentures of an Indian company, through a registered broker on a recognized stock exchange by designating a bank branch subject to certain conditions.
1 |
AHMEDABAD, NAVARANGAPURA (280) |
P B NO. 4035, NEAR POLICE STATION, AHMEDABAD-380009. |
STD CODE 079 26440292; 26464030 26441148 ahd0280@canbank.co.in
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2 |
BADAGARA,
NARAYANANAGAR (2354) |
18/2, R K ARUNA BUILDINGS,
OPP.NEW BUSS STAND,
NARAYANANAGAR,
BADAGARA-673101
KOZHIKODE
DISTRICT KERALA
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STD CODE
0496 2523057;
2523457; 2525579
tvm2354@canbank.co.in |
3 |
BANGALORE,
CANTONMENT (404) |
88, M.G. ROAD,
CANTONMENT,
BANGALORE
PIN-5600 001
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STD CODE
080 25589502;
25589512; 25599771;
25594014; 25594453
blr0404@canbank.co.in |
4 |
BANGALORE,
NRI BRANCH (1985) |
SHANKARANARAYANA
BUILDING, G;ROUND
FLOOR (RIGHT WING),
NO.25, M G ROAD,
BANGALORE-560 001 |
STD CODE
080 25584231;
25586736; 25599285
blr1985@canbank.co.in |
5 |
CHANDIGARH,
SECTOR 44C (2399) |
SCO 255-256,
SECTOR-44C,
CHANDIGARH 160047 |
STD CODE
0172 2646045; 2669099
chd2399@canbank.co.in
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6 |
CHENNAI,
NRI BRANCH (1987) |
2ND FLOOR,
SPENCER
TOWERS-II,
770A,
ANNA SALAI,
CHENNAI 600 002. |
STD CODE
044 28497030
chn1987@canbank.co.in
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7 |
DELHI, NEHRU PLACE (390) |
DDA BUILDING,
DISTT SHOPPING
CENTRE,;
NEHRU PLACE,
NEW DELHI-110019 |
STD CODE
011 26439215;
24435819; 26417439;
26413821; 26216585;
26430302; 26451489
delhi0390@canbank.co.in |
8 |
DELHI, NRI BRANCH (1994) |
DCM BUILDING, 16,
BARAKHAMBA,
NEW DELHI-110 001. |
STD CODE
011 23323891;
23719952; 23737959
del1994@canbank.co.in |
9 |
ERNAKULAM,
M G ROAD(819) |
P B NO. 5603, CANARA
BANK BUILDING,
M G ROAD, SPENCER
JUNCTION,
TRIVANDRUM-695039 |
STD CODE
0471 2332396;
2331593;
2325335; 2331613
tvm0819@canbank.co.in |
10 |
HYDERABAD,
NARAYANAGUDA (649) |
P B NO. 1048,
3-5-168-1234,
NARAYANAGUDA,
OPP.SHANTHI
TALKIES,
HYDERABAD-500 029. |
STD CODE
040 23438630;
23438650; 23438649
hyd0649@canbank.co.in |
11 |
KOLKATA, SHAKESPEARE SARANI (2560) |
21, CAMAC STREET,
GROUND FLOOR,
BELLS HOUSE,
SHAKESPEARE
SARANI,
KOLKATA-700016 |
STD CODE
033 22831527
kolk2560@canbank.co.in |
12 |
MUMBAI,
NRI BRANCH (2307) |
211,DALMAL
TOWERS,
GROUND FLOOR,
D WING, FREE
PRES JOURNAL MARG,
NARIMAN POINT,
MUMBAI-400 021 |
STD CODE
022 22883824; 22823766
mcity2307@canbank.co.in |
13 |
MUMBAI, SPECIALISED
SAVINGS BANK
BRANCH (2618) |
208, REGENT
CHAMBERS,
NARIMAN POINT,
MUMBAI-400 021 |
STD CODE
022 22042808;
22816311
mcity2618@canbank.co.in |
14 |
MUMBAI,
TAMARINDLANE (239) |
CALCOT
HOUSE, 13/10,
P B 11615 (FPO),
MUMBAI-400 023. |
STD CODE 022
22047518; 22048425;
22040919; 22042307;
22044544; 22042306
mcity0239@canbank.co.in |
15 |
PUNE, CAMP (316) |
P B NO. 21 (GPO)
CAMP, 11, MAHATMA
GANDHI ROAD,
RED CROSS
BUILDING,
PUNE-411001. |
STD CODE 020
26013063; 26053222;
26131833; 26181834
pne0316@canbank.co.in |
16 |
SURAT, NANPURA (277) |
TRADE HOUSE,
ATHUGAR STREET,
SURAT-395001 |
STD CODE 0261 2470359;
2474706; 2258462
ahd0277@canbank.co.in |
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Investments - Repatriable: |
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- Government dated securities/treasury bills.
- Units of domestic mutual funds.
- Bonds issued by a public sector undertaking (PSU) 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 FDI scheme
(including automatic route & FIPB).
- Shares and convertible debentures of Indian companies through stock exchange
under Portfolio Investment Scheme.
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Investments - Non-Repatriable: |
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- Units of Money Market Mutual Funds in India.
- The capital of a firm or proprietary concern in India, not engaged in any
agricultural or plantation activity or real estate business.
- Deposits with a company registered under the Companies Act, 1956 including
NBFC registered with RBI, or a body corporate created under an Act of Parliament
or State Legislature, a proprietorship concern or a firm out of rupee funds
which do not represent inward remittances or transfer from NRE/FCNR(B) Accounts
into the NRO Account.
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Investment in immovable Property : |
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- May acquire immovable property in India other than agricultural/plantation
property or a farmhouse out of repatriable and non repatriable funds.
- Housing Loan in rupees availed of by NRIs from ADs/Housing Financial
Institutions can be repaid by the close relatives in India of the borrower.
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