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  • Non resident Indians can invest in India on repatriation as well as Non repatriation basis.
  • On Repatriation Basis: NRIs may invest in the following on repatriation basis, without any limit :
    • Government dated securities / Treasury bills.
    • Units of domestic Mutual funds.
    • Bonds issued by a Public Sector Undertaking (PSU) in India.
    • Non-convertible debentures of a company incorporated in India.
    • Perpetual debt instruments and debt capital instruments issued by Banks in India.
    • 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.
    • 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.
  • On Non repatriation Basis: NRIs may invest in the following on Non- repatriation basis, without any limit :
    • Government dated securities/Treasury bills
    • Units of domestic Mutual funds
    • Units of Money Market Mutual Funds
    • National Plan/Savings Certificates
    • Non-convertible debentures of a company incorporated in India
    • Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme.
    • 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.

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

    DP CODE

    CITY

    BRANCH NAME & ADDRESS

    Contact Details

    1

    163

    ANAND

    ANAND BRANCH,
    NEAR OLD POWER HOUSE, STATION ROAD, PB NO. 59, ANAND- 388001, GUJARAT

    0269-2241413, 0269-2252823
    cb0163@canarabank.com

    2

    280

    AHMEDABAD

    NAVRANGPURA BRANCH,
    GROUND FLOOR, RATNARAJ SPRING JAIN DERASAR CHAR RASTA, BESIDE NAVNIRMAN BANK, NAVRANGPUR, AHMEDABAD- 380009, GUJARAT

    079-26464030,8238091912
    cb0280@canarabank.com

    3

    404

    BANGALORE

    BENGALURU M G ROAD BRANCH, NO.86 SPENCERS TOWER, M.G ROAD, BENGALURU - 560001, KARNATAKA

    080-25310088,9483500404
    cb0404@canarabank.com

    4

    1985

    BANGALORE

    SPECIALISED NRI BRANCH BENGALURU,
    BSNL COMPLEX, S V ROAD, HAL II STAGE, BENGALURU- 560008, KARNATAKA

    080-25586736, 8891923799
    cb1985@canarabank.com

    5

    2399

    CHANDIGARH

    CHANDIGARH SECTOR 44-C BRANCH,
    SCO 255-256, SECTOR 44-C, CHANDIGARH- 160047, CHANDIGARH

    017-22602755,8437242399
    cb2399@canarabank.com

    6

    1987

    CHENNAI

    SPECIALISED NRI BRANCH CHENNAI,
    SPENCERS TOWER - II, (I FLOOR) 770 A, ANNASALAI, CHENNAI- 600002, TAMIL-NADU

    044-28497028,9444001987
    cb1987@canarabank.com

    7

    390

    DELHI

    DELHI NEHRU PLACE BRANCH,
    I FLOOR, B BLOCK, DDA BUILDING, NEHRU PLACE, NEW DELHI - 110019, NEW DELHI

    011-26216585,8267813170
    cb0390@canarabank.com

    8

    1994

    DELHI

    DELHI N R I BRANCH
    DCM, BUILDING, 16 BARAKHAMBA ROAD, NEW DELHI - 110003, NEW DELHI

    011-23719952,9650031994
    cb1994@canarabank.com

    9

    806

    ERNAKULAM

    ERNAKULAM SOUTH,
    POST BOX NO.1717, XXXV/823/826, JAIN BLDGS, NETTIPADAM ROAD, ERNAKULAM SOUTH, KOCHI M.G. ROAD S.O, ERNAKULAM- 682016, KERALA

    0484-2375473,8281991424
    cb0649@canarabank.com

    10

    649

    HYDERABAD

    HYDERABAD NARAYANGUDA BRANCH,
    P B NO.1048, 3-5-168-1234, OPP SHANTI TALKIES, NARAYANGUDA HIMAYATHNAGAR S.O HYDERABAD-500029 TELANGANA, KARNATAKA

    040-23438630,9980050382
    cb0649@canarabank.com

    11

    2560

    KOLKATA

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

    033-22904163,9555750869
    cb2560@canarabank.com

    12

    2354

    KOZHIKODE

    BADAGARA NARYANA NAGAR BRANCH,
    18/2 KARUNA BUILDING OPP. NEW BUS STAND, NARAYANA NAGAR, BADAGRA, KOZHIKODE- 673101, KERALA

    0496-2523457,8547857028
    cb2354@canarabank.com

    13

    108

    MUMBAI

    MUMBAI FORT BRANCH,
    POST BOX. NO.292, WARDEN HOUSE, SIR PHIROSHAH MEHTA ROAD, MUMBAI - 400001, MAHARASHTRA

    8655918370,8655963172
    cb0108@canarabank.com

    14

    15037

    MUMBAI

    MUMBAI NARIMAN POINT -II BRANCH,
    227, JOLLY MAKER CHAMBERS NO. 1 NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA

    022-22843017,8655963214
    cb15037@canarabank.com

    15

    2307

    MUMBAI

    SPECIALISED NRI BRANCH,
    85, MARTHANADA, ANNIE BASAENT ROAD, WORLI, MUMBAI- 400018, MAHARASHTRA

    022-24935229,8655963192
    cb2307@canarabank.com

    16

    119

    MUMBAI

    VAKOLA BRANCH,
    SUNRISE APARMENTS, PLOT NO. 369, NEHRU ROAD, VAKOLA, JAYSHREE VAKOLA BRIDGE, SANTACRUZ (EAST), MUMBAI- 400055, MAHARASHTRA

    022-26682769,9921146767
    cb0119@canarabank.com

    17

    316

    PUNE

    PUNE CAMP BRANCH,
    POST BOX NO 21, RED CROSS BUILDING, 11 M.G. ROAD, PUNE CAMP, PUNE- 411001, MAHARASHTRA

    020-26053222,9538447320
    cb0316@canarabank.com

    18

    17176

    SURAT

    SURAT NANPURA BRANCH,
    GANDHI SMRITHI HALL, NANPURA, NANPURA, SURAT- 395001, GUJARAT

    02612475727,9427314809
    cb17176@canarabank.com

  • 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/

  • NRIs may acquire immovable property in India, other than agricultural land/ plantation property or a farm house 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 of the borrower in India.
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Last updated on 25-09-2023 12:07 AM

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