• Aug 20, 16
• Saurabh Shroff
• 0 comment

A Non-resident Indian (NRI) can invest directly in Indian equities. All NRIs need a PAN Card before they can invest in India. An NRI investor can either invest through the NRE (only foreign source of funds, fully repatriable at any point in time) or through the NRO account (can invest both foreign and domestic source of funds and is repatriable to the extent of US$1 million in any financial year). NRI needs a PIS number which tracks all transactions in India by the NRI and ensures taxes, as and when applicable, are deducted at source.