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For the purpose of availing of the facilities the opening and maintenance of
bank accounts and investments in shares/securities in India, a foreign citizen
(other than citizen of Pakistan or Bangladesh )is deemed to be of Indian
origin, if,
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He/ she at any time ,held an Indian passport, or
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He/she or either of his /her parents or any of his/her grand parents was
citizen of India by virtue of the Constitution of India or Citizenship
Act,1955(57 of 1995)
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A spouse (not being a citizen of Pakistan or Bangladesh ) of an Indian citizen
or of a person of Indian origin is also treated as a person of Indian origin
for the above purposes provided the bank accounts are opened or investment in
shares /securities in India are made by such persons only jointly with their
NRI spouses.
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For Investment in Immovable Properties: A foreign citizen (other than a citizen
of Pakistan, Bangladesh, Afghanistan, Bhutan, Srilanka, or Nepal) is deemed to
be of Indian origin if,
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He/She held an Indian passport at any time ,or
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He/She or his/her father or paternal grand fathers was a citizen of India by
virtue of the constitution of India or citizenship Act, 1955(57 of 1995)
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Non-Resident External Rupee Accounts (NRE)
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Non -Resident Special Rupee Deposit Accounts (NRSR)
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Foreign currency Non-resident Accounts (FCNR)
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Resident Foreign Currency Accounts (RFC)
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Please contact us for the details.
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