As NRIs and PIOs are not treated the same way other Indian residents are treated, there are some restrictions with respect to where they can invest.
According to the Reserve Bank of India (RBI), NRIs and PIOs can invest in:
- Government securities/units with repatriation rights
- Company shares/debentures with repatriation rights
- Shares/debentures of Indian companies through stock exchange under portfolio investment scheme with repatriation rights
- Indian companies without any limit on non-repatriation basis, freely.