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Home >> NRI Banking >> NRI Other Services >> Investments
 
Investments
 
PORTFOLIO INVESTMENT SCHEME .
 
  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 :

  • Investment under Foreign Direct Investment Scheme

  • Investment by NRIs under Portfolio Investment Scheme

  • Purchase and sale of shares by NRIs on Non Repatriable basis

  • 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.

  • We offer the Portfolio Investment Scheme through our following branches :

SL. NO BRANCH ADDRESS TELEPHONE
NO. & E MAIL
1 AHMEDABAD,
NAVARANGAPURA (280)
P B NO. 4035,
NEAR POLICE STATION,
AHMEDABAD-380009.

STD CODE 079
26440292;
26464030
26441148
cb0280@canarabank.com

2 ANAND (163) RAO SAHEB SHOPPING CENTRE,
STATION ROAD,
ANAND-388 001.
GUJARAT.

STD CODE 02692
241413; 241482;
cb0163@canarabank.com

3 BADAGARA,
NARAYANANAGAR (2354)
18/2, R K ARUNA BUILDINGS,
OPP.NEW BUSS STAND,
NARAYANANAGAR,
BADAGARA-673101
KOZHIKODE
DISTRICT KERALA
STD CODE
0496 2523057;
2523457; 2525579
cb2354@canarabank.com
4 BANGALORE,
CANTONMENT (404)
88, M.G. ROAD,
CANTONMENT,
BANGALORE-5600 001
STD CODE
080 25589502;
25589512; 25599771;
25594014; 25594453
cb0404@canarabank.com
5 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
cb1985@canarabank.com
6 CHANDIGARH,
SECTOR 44C (2399)
SCO 255-256,
SECTOR-44C,
CHANDIGARH 160047
STD CODE
0172 2646045; 2669099
cb2399@canarabank.com
7 CHENNAI,
NRI BRANCH (1987)
2ND FLOOR,
SPENCER
TOWERS-II,
770A,
ANNA SALAI,
CHENNAI 600 002.
STD CODE
044 28497030
cb1987@canarabank.com
8 DELHI, NEHRU PLACE (390) DDA BUILDING,
DISTT SHOPPING
CENTRE,;
NEHRU PLACE,
NEW DELHI-110019
STD CODE
011 26436331;26415698
cb0390@canarabank.com
9 DELHI, NRI BRANCH (1994) DCM BUILDING, 16,
BARAKHAMBA,
NEW DELHI-110 001.
STD CODE
011 23323891;
23719952; 23737959
cb1994@canarabank.com
10 ERNAKULAM,
M G ROAD(1981)
CANARA BANK ,
OPPOSITE KAVITHA THEATRE,
M G ROAD, ERNAKULAM,
KOCHI -682 035
STD CODE
0484 2354374;
2371921;
cb1981@canarabank.com
11 HYDERABAD,
NARAYANAGUDA (649)
P B NO. 1048,
3-5-168-1234,
NARAYANAGUDA,
OPP.SHANTHI
TALKIES,
HYDERABAD-500 029.
STD CODE
040 23438630;
23438650; 23438649
cb0649@canarabank.com
12 KOLKATA,
SHAKESPEARE SARANI (2560)
21, CAMAC STREET,
GROUND FLOOR,
BELLS HOUSE,
SHAKESPEARE
SARANI,
KOLKATA-700016
STD CODE
033 22831527
cb2560@canarabank.com
13 MUMBAI,
NRI BRANCH (2307)
KOHINOOR BUILDING, FIRST
FLOOR, OPP.SIDDHIVINAYAK,
TEMPLE, PRABHADEVI,
MUMBAI-400 025
STD CODE
022 22042808; 22816311
cb2307@canarabank.com
14 MUMBAI
NARIMAN POINT (0172)
C-WING, GROUND FLOOR,
MITTAL TOWERS,
NARIMAN POINT,
MUMBAI-400 021
Phone no. 022- 22042808 / 22816311/
22831448 / 22835118 / 22883368 / 22042805 / 22021611;
e-mail Id : cb0172@canarabank.com ,
cb0172forex@canarabank.com ,
managercb0172@canarabank.com .
15 MUMBAI,
TAMARINDLANE (239)
CROSSLY HOUSE, BRITISH
HOTEL LANE,OFF MUMBAI ,
SAMACHAR MARG, FORT,
MUMBAI-400 001.
STD CODE 022
22047518; 22048425;
22040919; 22042307;
22044544; 22042306
cb0239@canarabank.com
16 MUMBAI VAKOLA, SUNRISE APARTMENTS,
PLOT NO. 369,
NEHRU ROAD,
VAKOLA SANTACRUZ (EAST)
MUMBAI-400 055.
STD CODE 022
26685911; 26684019
cb0119@canarabank.com and
managercb0119@canarabank.com
17 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
cb0316@canarabank.com
18 SURAT, NANPURA (277) TRADE HOUSE,
ATHUGAR STREET,
SURAT-395001
STD CODE 0261
2470359;
2474706;
2258462
cb0277@canarabank.com
  • If you wish to open an account under Portfolio Investment Scheme, get in touch with the branch where you are maintaining the account and seek their guidance for opening account at any of the above designated branches.

 
  Investments - Repatriable:
 
  • 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.
 
  Investments - Non-Repatriable:
 
  • 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.
 
  Investment in immovable Property :
 
  • 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.