1) Can NRI/ PIO invest in Indian Capital Market and Mutual Funds?

Yes, NRIs/PIOs are permitted to make direct investments in shares/debentures of Indian companies/ units of mutual fund. They are also permitted to make portfolio investments i.e. purchase of share/debentures of Indian Companies through stock exchange. These facilities are granted both on repatriation and non-repatriation basis.

2) Who is Person of Indian Origin’ (PIO)?

Person of Indian Origin’ (PIO) means a citizen of any country other than Bangladesh or Pakistan,if he at any time held Indian passport; or he or either of his parents or any of his grandparents was a citizen of India; or the person is a spouse of an Indian citizen or a person referred to in sub-clause [a] or [b] Investment by PIO in Indian Securities is treated the same as the investment by non-resident Indians and requires same approvals and enjoys the same exemptions.

3) Can a PIO open an Account with Navia?

Yes, a PIO can open an account with Navia both in NRE and NRO Status. PIO can invest in Equity Shares, Futures & Options (F&O) , Initial Public Offers (IPOs) and Mutual Funds. The investments can be done either online through Navia’s Trading Portal https://www.naviatrades.com or Offline through Phone, Email or Chat.

4) Can a Foreign national open a Share Trading Account with Navia?

Yes, a foreigner can open a Share Trading and Demat Account with Navia. However such accounts can be opened only for liquidating shares acquired through ESOP or Promoter’s allotment from Companies listed in Indian Stock Exchanges. Documents required are copy of PAN issued in India, Overseas Address proof and Passport Copy.

5) What are the documents required to set up a Shares Trading Account and Demat Account with Navia?

a. Valid Passport b. Valid Visa c. PAN Copy d. Indian & Overseas address proof e. RBI Approval from Designated Bank f) Details of Designated Bank account in India

6) Will the NRI/PIO get assistance for obtaining PAN and RBI approval to set up a Stock Broking Account in India.

Yes, Navia assists its clients as follows:

- To obtain PAN

- To open NRI Bank Accounts with Designated Banks

- To open Portfolio Investment Scheme (PIS) A/c with Designated Bank

- To obtain RBI approval for investing in India

Navia shall serve as one point of contact and solution for all the above.

7) Can a NRI/PIO set up a NRI Demat Account in both NRE and NRO status?

Yes, the NRI/PIO has the option of investing simultaneously in both NRE and NRO status through Navia. Bank Accounts need to be opened accordingly.

8) What is a Designated Bank (DB)?

Reserve Bank has authorized a few Banks to conduct the business under Portfolio Investment Scheme (PIS) on behalf of NRIs.. NRIs will have to route their applications through any of the designated authorized dealer Banks who have authorization from Reserve Bank.

9) Which are the Designated Banks Navia has tied up?

Navia has tie up with HDFC Bank and Axis Bank for opening NRI PIS Bank Accounts.

10) Can the PIS Bank Account be opened with DB located in any City?

If the choice of DB is HDFC Bank , the PIS Bank Account can be opened in the following cities:

a) Chennai

b) Bangalore

c) Hyderabad

d) Ahmedabad

If the choice of DB is Axis Bank, the PIS Bank can be opted only in Chennai.

11) Does a NRI/PIO require RBI permission for dematerialization / rematerialisation of securities?

No, RBI permission is not required. Holding securities in demat only constitutes change in form and does not need any permission.

12) Can an NRI purchase securities by subscribing to public issue? What are the permissions/approvals required?

Yes, NRI/PIOs can subscribe to IPOs in India. The client need not take any permission, the issuing company obtains general permission from GoI/RBI. Therefore, individual NRI need not obtain any permission.

13) Is PIS Bank Account required to invest in MF and IPO?

No, PIS Bank Account is not required to invest in MF and IPO.

14) Can a NRI open Demat and Trading Account with Navia only to Invest in IPOs and MFs?

Yes, NRIs/PIOs can open a Demat and Trading Account with Navia only to Invest in IPOs and MFs. The following are the requirements to set up such Accounts:

a) PAN

b) SB NRI Bank details

c) Overseas Address Proof

d) Indian Address Proof

e) Pass port Copy

15) What are transactions that can be done in an NRI Trading Account / Demat Account if PIS Bank account details are not submitted?

NRIs / PIOs can do the following transactions if a Trading account is opened without PIS permission:

a) Investment in Mutual Fund in NRE and NRO status

b) Investment in Initial Public Offer in NRE and NRO status

c) Investment in Futures and Options in NRO status

d) Dematerilasation and sales of Physical Share Certificates

e) Exercising and Selling of Shares acquired in Promoters Quota or ESOP allotment

To do the above transaction all the client has to do the provide the SB NRI Bank details along with the proof overseas address, PAN and Passport copy.

Corporate Office 'Ganga Griha' 4th & 5 th Floor, No.9 (old No. 6D) ,

Nungambakkam High Road, Nungambakkam Chennai - 600 034.

Tel : 044-39189448/449 Fax : 044-28214168 Mail id : clientservice@naviamarkets.com