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Invest as an NRI

Can an NRI invest in Indian Bonds and NCDs?


Yes, Non-Resident Indians (NRIs) can invest in Indian bonds and Non-Convertible Debentures (NCDs), provided they comply with the Foreign Exchange Management Act (FEMA) regulations and maintain appropriate bank and demat accounts.

Key things to know

To start investing, you must link either a Non-Resident Ordinary (NRO) or Non-Resident External (NRE) account to an NRI-designated demat account. Keep in mind that not all bond issuances are open to non-residents; specific eligibility is outlined in each issuer's offer document. Our guide on Indian Bonds for NRIs explains the issue at length. Furthermore, capital repatriation rules differ significantly, as NRE accounts allow full repatriation, whereas NRO accounts have strict annual limits.
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