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NRI DESK
NRI DESK FAQ
1. Who is NRI?
Non-Resident Indian (NRI)' means a person resident outside India who is a citizen of India or is a person of Indian origin.

Categories of NRIs:
A person who has gone out of India or who stays outside India, in either case-
  • For or on taking up employment outside India,
  • For carrying on outside India a business or vocation outside India,
  • For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period
2. Who is a PIO?
3. Who are OCIs?
4. Why Invest in India?
5. How do NRI invest in equities?
6. What are the Steps that an NRI has to follow for equity trading?
7. What are the Regulations regarding NRI Trading/investments in shares?
8. What are the products offered to NRI / PIO by us?
9. What steps does an NRI need to take to start investing in the Indian Stock Market?
10. What type of saving bank account’s can be opened by an NRI or PIO in India?
11. What is a NRE account?
12. What is a NRO account?
13. Can money be transferred from NRE account to NRO account?
14. Can money be transferred from NRO account to NRE account?
15. In case a Resident Indian becomes a Non-resident, will he / she be required to change the status of his / her holding from Resident to Non-resident?
16. Can NRI’S subscribe to IPO? What are the permissions/approvals required?
17. Does an NRI require any permission to receive bonus / rights shares?
18. What types of transactions are allowed under NRE / NRO Savings Account?
19. What is meant by investment through direct subscription route?
20. Do investments made through IPO’s or Private placements come under PIS?
21. Do NRI’s need approvals from RBI for selling securities acquired through IPO’s / Private Placement?
22. Where can an NRI / PIO open a Demat account?
23. TDS (Tax Deducted At Source):
24. What are the Rates applicable under TDS?
25. How is TDS calculated?
26. How TDS deducted and the money transferred to the bank account?
27. How can I identify how much TDS has been deducted for a particular sales proceeds?
28. DOCUMENT CHECKLIST FOR NRI TRADING & DEMAT ACCOUNT
For all Queries/ Clarifications/ Account Opening/ Processing information please feel free to reach us at:
Contact: Majid Shaikh - +91 9022178683
E-mail: majid@pragmaticwealth.net