How can NRI’s invest in shares in India?

A lot of NRI’s invest in shares in India. As per Reserve Bank of India (RBI) guidelines, NRIs who wish to invest in shares in India through a stock exchange need to approach the designated branch of any authorized dealer (bank)(Upstox currently offers the same with HDFC Bank,ICICI Bank and YES Bank) authorized by reserve bank to administer the PIS (Portfolio Investment Scheme) to open a NRE (Non Resident External) /NRO (Non Resident Ordinary) account under the scheme for routing Investments.

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