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Home >> NRI Banking >> NRI Other Services >> Investments
 
 

INVESTMENT FACILITIES FOR NRIs


Non resident Indians can invest in India on repatriation as well as Non repatriation basis.


  1. On Repatriation Basis: NRIs may invest in the following on repatriation basis, without any limit.

  1. Government dated securities / Treasury bills

  2. Units of domestic Mutual funds

  3. Bonds issued by a Public Sector Undertaking (PSU) in India

  4. Non-convertible debentures of a company incorporated in India

  5. Perpetual debt instruments and debt capital instruments issued by Banks in India

  6. Shares in Public Sector Enterprises being disinvested by the Government of India, provided the purchase is in accordance with the terms and conditions stipulated in the notice inviting bids.

  7. Shares and convertible debentures of Indian companies under FDI scheme (including automatic route & FIPB).

  8. Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme.



  1. On Non repatriation Basis: NRIs may invest in the following on Non- repatriation basis, without any limit.

  1. Government dated securities/Treasury bills

  2. Units of domestic Mutual funds

  3. Units of Money Market Mutual Funds

  4. National Plan/Savings Certificates

  5. Non-convertible debentures of a company incorporated in India

  6. Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme.

  7. 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.


PORTFOLIO INVESTMENT SCHEME( PIS)


Under Portfolio Investment scheme, NRIs may invest/ sale shares and convertible debentures of an Indian company, on Repatriation as well as Non repatriation basis through a registered broker of a recognised stock exchange by designating a Bank branch, subject to certain conditions.


Salient features of the Scheme:


  1. Resident Power of Attorney holder can be permitted to operate PIS account to facilitate investment under the scheme.

  2. NRIs are required to open an exclusive PIS (NRO) account, if the shares/debentures are purchased/ sold on non repatriation basis. (Please click here for account opening form.)

  3. For sale/ purchase of shares/ debentures on repatriation basis, NRIs are required to open an exclusive PIS (NRE) account. (Please click here for account opening form.)


  1. Shares /convertible debentures acquired under the Scheme can be transferred by way of gift to his close relatives as defined in Section 6 of the Companies Act, 1956. In case, gifted to resident close relative, same is to be reported to RBI in form FC-TRS.

  2. NRIs to report the details of purchase/sale of shares/debentures under Portfolio Investment scheme immediately in form LEC to the designated branch where they are maintaining the PIS account.

  3. NRIs can deal with only one Designated Bank branch for PIS purpose.



Our Branches in following cities are designated to handle Portfolio Investment Scheme:


Sl No

City

Branch Name & Address

Contact details

1

AHMEDABAD

NAVRANGAPURA BRANCH

P B NO. 4035
NEAR POLICE STATION
AHMEDABAD 380009, GUJARAT

079-26440292 / 26464030 /
26441148
cb0280@canarabank.com

2

ANAND

ANAND BRANCH

RAO SAHEB SHOPPING CENTRE

NEAR OLD POWER HOUSE
STATION ROAD
ANAND 388 001, GUJARAT

02692-241413 / 252823
cb0163@canarabank.com

3

BADAGARA

NARAYAN NAGAR BRANCH

18/2, KARUNA BUILDINGS
OPP.NEW BUS STAND
NARAYAN NAGAR
BADAGARA 673101
KOZHIKODE DISTRICT, KERALA

0496-2523057 / 2523457 cb2354@canarabank.com

4

BANGALORE

CANTONMENT BRANCH

88, M.G. ROAD

CANTONMENT
BANGALORE 560001,KARNATAKA

080-25589502 / 25588005 /
25589512 / 25599771 / 25594453
cb0404@canarabank.com

NRI BRANCH

SHANKARANARAYANA BUILDINGS GROUND FLOOR (RIGHT WING)
25, M G ROAD
BANGALORE 560001,KARNATAKA

080-25586736 / 25599285
cb1985@canarabank.com

5



CHANDIGARH

SECTOR-44C BRANCH

SCO 255-256
SECTOR-44C
CHANDIGARH 160047

0172-2602755 / 2623663
cb2399@canarabank.com

6



CHENNAI

NRI BRANCH

2ND FLOOR

SPENCER TOWERS-II
770A, ANNA SALAI
CHENNAI 600002, TAMILNADU

044-28497028 / 28497029
cb1987@canarabank.com



7

DELHI

NEHRU PLACE

DDA BUILDING,
DISTT SHOPPING CENTRE
NEHRU PLACE,
NEW DELHI 110019

011-26475955 / 26216585 /

26286937 / 26417439
cb0390@canarabank.com

smcb0390@canarabank.com

BARKHAMBA ROAD BRANCH

16, DCM BUILDING,

BARAKHAMBA Road,
NEW DELHI 110 001

011- 23719952 / 23314603
cb1994@canarabank.com

8

ERNAKULAM

M G ROAD BRANCH

OPPOSITE HOTEL KAVITHA INTERNATIONAL

CHITOOR ROAD, ERNAKULAM,
KOCHI 682 011, KERALA

0484-2354374 / 2371921
cb1981@canarabank.com

9

HYDERABAD

NARAYANAGUDA BRANCH

P B NO. 1048, 
3-5-168-1234,
NARAYANAGUDA,
OPP.SHANTHI TALKIES,
HYDERABAD-500 029,TELANGANA

040-23438630 / 23438649 /

24750318
cb0649@canarabank.com

10

KOLKATA

SHAKESPEARE SARANI BRANCH

21, CAMAC STREET
GROUND FLOOR
BELLS HOUSE
KOLKATA-700016,WEST BENGAL

033-22904162 / 22904163 /

22904164
cb2560@canarabank.com

11

MUMBAI

NRI BRANCH

KOHINOOR BUILDING

FIRST FLOOR

OPP.SIDDHIVINAYAK TEMPLE PRABHADEVI,MUMBAI-400 025 MAHARASHTRA

022-24304581 / 24216535 /

24216505
cb2307@canarabank.com

managercb2307@canarabank.com


NARIMAN POINT BRANCH

C-WING, GROUND FLOOR
MITTAL TOWERS
NARIMAN POINT
MUMBAI-400 021,MAHARASHTRA

022-22883368 / 22042805 /

22021611 / 22831448 / 22835118
cb0172@canarabank.com

managercb0172@canarabank.com cb0172forex@canarabank.com

TAMARIND LANE BRANCH

GROUND FLOOR

CROSSLY HOUSE

BRITISH HOTEL LANE

OFF MUMBAI SAMACHAR MARG FORT, MUMBAI-400 001 MAHARASHTRA

022- 22702054 / 22702060 /
22702051 / 22702053 / 22702057
cb0239@canarabank.com

managercb0239@canarabank.com


VAKOLA BRANCH

SUNRISE APARTMENTS
PLOT NO. 369, NEHRU ROAD
VAKOLA, SANTACRUZ (EAST)
MUMBAI-400 055, MAHARASHTRA

022-26680693 / 26685911 /

26684019 / 26682769
cb0119@canarabank.com 
managercb0119@canarabank.com

12

PUNE

PUNE CAMP BRANCH

P B NO. 21 (GPO)

RED CROSS BUILDING
PUNE CAMP,11, MG ROAD
PUNE-411001, MAHARASHTRA

020- 26130632 / 26053222 /
26131833 / 26136270
cb0316@canarabank.com

13

SURAT

NANPURA BRANCH

TRADE HOUSE,

ATHUGAR STREET, NANPURA
SURAT-395001, GUJARAT

0261-2465115 / 2465126 cb0277@canarabank.com




ONLINE TRADING FACILITY FOR NRIs


Non resident Indians are permitted to invest in Indian stock market and can trade through registered stock Brokers. NRIs of all countries, where their local laws do not prohibit online trading, may avail the facility provided by our subsidiary, Canara Bank Securities Limited (CBSL. This facility is not available to NRIs residing in USA.


For details of 3 in 1 accounts (containing Demat and Trading account, apart from PIS account) offered by CBSL, please click on the following link.


http://www.canmoney.in/







INVESTMENT IN IMMOVABLE PROPERTY


  1. NRIs may acquire immovable property in India, other than agricultural land/ plantation property or a farm house out of repatriable and non-repatriable funds.



  1. Housing Loan in rupees availed of by NRIs from ADs / Housing Financial Institutions can be repaid by the close relatives of the borrower in India.