InvestorQ : InvestorQ-Ask,Answer & Share All About Finance!
Khushi Patel made post

Can NRIs invest in Indian government securities(G-Secs)?

Answer
user profile image
nishi Shah answered.
1 month ago


Yes, Non-Residential Indians (NRIs) are allowed to invest in some categories of government securities (G-Secs) since the 1st of April 2020. This was announced in the Union Budget for this fiscal. Accordingly, the Reserve Bank of India (RBI) introduced a mechanism called the “Fully Accessible Route” (FAR) in a bid to provide NRIs access to investments in G-Secs.

In this case, eligible NRIs are defined as “person/s resident outside India” as defined in section 2(w) of the Foreign Exchange Management Act, 1999 (42 of 1999) (FEMA). There is no investment ceiling in categories that are opened up for NRIs. Do note that NRIs will be eligible to invest in any G-Secs in the 5/10/30 year period issued since 1st April under the FAR mechanism opened up by the RBI. As of 1st April 2020, NRIs can invest in the categories given below-

Sr. No.Security
106.18% GS 2024
207.32% GS 2024
306.45% GS 2029
407.26% GS 2029
507.72% GS 2049
607.16% GS 2050
705.79% GS 2030
805.22% GS 2025


user profile image
Akashdeep singh answered.
1 month ago


No indian Government not nri for work