An investment plan for market savvy investors involving Purchase/sale of shares and/or convertible debentures by an NRI/OCB on a Stock Exchange in India on repatriation and/or non-repatriation basis under Portfolio Investment Scheme.
Bank on us for maintaining and monitoring your buying and selling of shares at highly competitive rates with efficiency and convenience.
A non-resident Indian (NRI) or an Overseas Corporate Body (OCB) may purchase/sell shares and/or convertible debentures of an Indian company, through a registered broker on a recognised stock exchange, subject to the following:
With effect from 29th November 2001, Reserve Bank of India has restricted OCB's from making fresh purchases. They can, however, continue their existing holdings or sell of the same.
All out of pocket expenses such as Postage / Telegram / Telephone / Fax charges, payment to Solicitors, Tax Consultants and other persons for services rendered by them and travelling and other expenses, if any, incurred by Bank will be on the customer's account.
Note : This schedule of charges is subject to periodical review and change.
For any assistance, please contact our NRI, Mumbai branch at
Specialised NRI Branch Mumbai Bank of Baroda bldg. Ist Floor, 10/12 Mumbai Samachar Marg, Near Horniman Circle, Fort, Mumbai 400 001. India D : +91-022-4340 8400 T : + 91-022-4340 8401/08 F : +91-022-2287 1729 SWIFT : BARBINBBNRS E mail:- NRIMUM@bankofbaroda.com