Over the last two decades, India has seen tremendous industrial progress. As a result, foreign direct investment (FDI) is increasing in the country. This has inspired non-resident Indians (NRIs) to regard India as a legitimate investment and profit-making destination.
With each passing day, the Indian Government is making the country more business friendly. With so many options for investing, NRIs are having difficulty determining which are the best for them. In terms of returns, the following are the top investment opportunities for NRIs in 2021: Fixed Deposits (FDs) Fixed deposits (FDs) are popular not just among resident Indians, but also among non-resident Indians (NRIs). Bank FDs are regarded as the safest investment option due to the rarity of banks default on them. NRIs can open FDs using their FCNR, NRO, or NRE accounts, and the interest rate on fixed deposit rely on the bank, the amount, and the duration of the deposit. National Pension System (NPS) An NRI between the ages of 18 and 60 can open an NPS account with an Indian POP (Point of Presence). If you have a PAN card or an Aadhaar card, you can also open an eNPS account. You may want to consider investing in the National Pension System using your NRO or NRE bank account. For convenience, you can open an NPS account with the same bank where you have your NRO or NRE account. Furthermore, the pension from NPS will be paid in Indian rupees. Direct Equity If you are an active investor willing to take some risk in the stock market, you should consider investing in equity. NRIs can participate directly in the Indian stock market through the RBI's Portfolio Investment Scheme (PINS). To invest in the Indian stock market, NRIs must have an NRE/NRO bank account, a Demat account, and a trading account. Public Provident Fund (PPF) You can keep the PPF account that you opened when you were a resident Indian. Unfortunately, you cannot extend the PPF account after the 15-year term to maturity. In India, an NRI cannot open a PPF account. So, these are some of the investment options for NRIs.
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