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NRI investment in India

January 07, 2020

India tops the global list when it comes to inward remittances, and it has been noticed that most of these remittances fall into three main categories. Towards the maintenance of families, deposits for a rainy day and investment in real estate. The spikes and falls in these remittances are hugely depended on the fluctuating rupee and the interest rates announced periodically by the financial agencies and the government. We take a look at each of these options

 

Remit to India

Until a couple of years ago, many NRIs believed that they could not invest money in India, and their transactions were mainly remittances to their folks back in their motherland. With banks offering an array of NRI friendly schemes and promoting their products aggressively, this misconception has changed.  However, NRI remittances and deposits are two entirely different things. NRI deposits are foreign currency deposits made by a non-resident Indian in an Indian bank, while remittances are the funds they send to their folks in India.  With a customer base 1.2 million NRI customers and a large network of remittance partners across the world, Federal Bank is well equipped to handle more than 15% of India's inward remittances. Apart from this Federal Bank also has remittance arrangements with more than 110 Banks and Exchange Companies across the world.

The options to remit money to India, in addition to the different deposits catering to NRIs are quite hassle-free and offer great deals on exchange rates. And again with Federal Bank’s seamless remittance platform FedFast Plus, the turnaround time for the complete cycle of the transaction is just about 8-10 seconds. With the bank’s Remit2India scheme, you are promised the flexibility and the comfort of using a service offered by two trusted brands - Federal Bank & TimesofMoney. Federal Bank also offers an array of deposit schemes that can yield a fair profit for the NRI. We offer NRE fixed deposits and NRO fixed deposits. Click here to know more about our unique schemes and calculate the interest and return rates

 

Stock Market & insurance

If you are ready to take calculated risks with your investments, the stock market is the best investment option. After the Government of India liberalized foreign direct investment norms, NRIs and PIOs are allowed to hold an investment in mutual funds. An NRI can invest in equity shares and convertible debentures through Federal Bank. The process is hassle-free and can be initiated by just filling out this form. The Federal Bank also offers interesting insurance schemes that cover every possible eventuality. 

 

Real Estate

With amazing offers and discounts, real estate is a very good investment option. Be it the dream of owning a home or an investment option after retirement, now is the most conducive time to act. And the best part is that the banks including Federal bank provide loan options to Non-Resident-Indians.  Check out our array of exciting options before you make an educated choice.