Axis Bank NRI Investment Options

Investment is like planting a tree and reaping its fruits in future. You can build a corpus for future goals or retirement years. The Indian market has a plethora of options for both domestic and NRI investors. Among all the options, you can consider investing in Axis bank investment plans for NRI.

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Investment Plans

Generate wealth Earn 1 Cr^# in maturity with Zero LTCG tax^¶
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
Compare & Choose 30+ Plans and 150+ Fund options

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Top performing plans with High Returns^**

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We are rated^~

7.7 Crore

Registered Consumer

50

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Axis Bank Investment Plans for NRI

There are a variety of Axis bank investment plans for NRI to choose from, such as:

1) Mutual Funds: They are investment funds that pool money from investors and invest it in securities like stocks and bonds.

Benefits

Assistance by a dedicated and professional relationship manager
Multiple benefits at an affordable cost
The benefit of investing through Axis Bank Branch or online as per your comfort
Axis bank offers a "One Page Portfolio Snapshot" report which can be checked through the internet banking module
Professional management of funds resulting in inflated returns
Lessen your investment risks
Effortless liquidity
Enjoying tax benefits on your investments
Mutual fund schemes offer transparency and flexibility for their investors
Select a scheme depending upon your higher or lower risk-taking ability

Eligibility Criteria

You should have an existing account in Axis bank
You should be KYC Compliant
Savings Bank Account status needs to be Single or Either/Survivor
Account Opening Application Form needs to be signed by all bank account holders

Process to Open a Mutual Fund Account

To open a mutual fund account, you need to have KYC by SEBI. Post filling the application form along with the customer risk Profiler and KYC form, submit the credentials to the closest Axis Bank Branch.

2) Portfolio Investment Scheme Account (PIS): This scheme enables you to invest in shares of Indian firms under a repatriation or non-repatriation basis on a recognized stock exchange. This account can be retrieved anytime online.

Benefits

Effortless transactions
Buy, Sell, Repatriate on a recognized stock exchange in India
Enjoy lesser costs and RBI compliance
24*7 access to your account through free iConnect and secured internet banking
You can make use of our new set off facility, namely the Enhanced set–off facility at the portfolio level
Facility to authorize a friend or relative for operating account
Tractable with applicable tax laws

Disclaimer: Tax benefit is subject to changes in tax laws.

Eligibility Criteria

NRIs not falling under the following categories are eligible to open a PIS account in Axis Bank:
Residents traveling overseas for health and medical check-up
Residents traveling overseas for any abroad tour for a short visit (on an excursion or business promotion)
Residents living in Bangladesh or Pakistan, without the RBI approval
Residents living in Nepal and Bhutan
Seafarers employed by Indian shipping firms

Mandatory Documents

For NRIs (Non-Resident Indian)

Valid passport copy (with your name, address, date of birth, date, and place of issue, expiry date, photograph, address, signature, and observation page, if any)
NRI status proof (valid Employment/Residence Visa copy or Work/Residence Permit)
Indian PAN card copy
Overseas and Indian Address proof by Customer identification policy
Most recent passport size color photograph

Checklist of Overseas Address Proofs:

Passport
Bank statement (of previous 3 months) of India-based or Overseas bank.
Permanent Overseas DL (Driving License)
Credit Card statement (of previous 3 months)
Company ID Card reflecting the address
Certificate from Indian Diplomatic Mission showcasing the contact address
Government ID card (SSN / Green Card / PIO card / OCI card)
Utility bill (electricity/ gas/phone/ water – no more than 2 months old from the date of application)
Appointment letter of overseas Employer Corporate
Letter from foreign University showcasing the address (for on-campus lodging)
Registered Purchase / Sale Deed or agreement
Foreign Government issued Identity Card
Lease / Rent / Leave and License agreement stating the customer's address duly registered with the government or similar registration authority.
Valid employment contract letter
Valid employment offer letter
Employer's certificate for overseas address proof
Letter from the government postal services ensuring the applicant's address
Permanent Resident Permit / Work Permit stating the overseas address

People Also Read: SIP Calculator

3) 4 in 1 NRI investment account: It is an NRI account that combines the benefit of a Demat, trading, PIS, and non-PIS account. A 4 in 1 NRI investment account in Axis Bank allows investment in equities, mutual funds, IPOs, derivatives, and ETFs.

Benefits

Transact effortlessly with integrated account
Online investment
You can use your smartphone for trading in the share market
Obtain independent and third-party research
Select from a variety of products

4) NRI Fixed Deposit Plus: If you are residing abroad and looking to park your savings, NRI Fixed Deposit Plus by Axis Bank is one of the best options. It is essential to be mindful of the time as there is a time limit attached to it, and you cannot withdraw before the maturity date.

Benefits

Choose from different types of interest Pay-out
Select from your most favorable method of interest calculation
Feel free to invest without any upper range to your investments
Interest is tax-free

Eligibility Criteria

For Indian citizens residing outside India:

Employment, studies, business, or vocation
Individual who is posted in UN organization or official deputed abroad by the Government of India or public sector undertakings
Indian mariners or working with registered foreign airlines, etc.

For PIO (Person of Indian Origin) and OCI (Overseas Citizens of India):

Individuals holding a foreign passport except Pakistani and Bangladeshi
Holding an Indian passport at any point
Spouse of Indian Citizen or PIO
Having parents or grandparents tagged as Citizens of India by the constitution of India or India Citizen act 1955

Mandatory Documents

Copy of Valid Indian Passport
Proof of NRI status
Proof of PIO /OCI status

5) Systematic Investment Plan (SIP): It is a method in which you can invest a fixed amount in a mutual fund regularly. It helps to build a substantial corpus over the long run of your investment.

Benefits

Encourages Financial discipline
Facilitates in building future wealth
Easy on your pocket, you can start with as little as Rs 500
Facilitates in Goal planning
Ensures convenience
Market timings are made irrelevant
Advantage of Compounding interest

What are the Benefits Axis Bank Provides to its NRI Investors?

NRI investors can enjoy the following advantages if they invest in the schemes offered by Axis Bank:

Multiple banking and lifestyle facilities to meet your banking needs
24*7 assistance to resolve your concerns
24*7 assistance to your account through a mobile application and internet banking
Committed relationship manager to assist you with your banking needs
Multiple dining, shopping, and travel offers can be availed on your debit card
Axis bank is one of the most reliable private sector banks
There are 10 international branches/ rep offices across the world
15000+ ATMs and over 3000 branches in India so that it becomes easy to approach it, when in India

How Can NRIs Invest in Axis Bank?

You have to follow these steps to invest in Axis Bank:

Ensure that you are meeting the following eligibility criteria:

You should have crossed 18 years of age.
You should be a Non-Resident Indian or Person of Indian Origin with valid documents to prove your status.
Go to the Axis bank website and click on "Open NRI Account" on the top banner of the page.
A form will appear on your screen. Carefully fill in all the necessary information.
Once done filling the form, download it and take a printout. Sign on at the relevant spaces.
Scan the form and upload it along with all the KYC documents.
Axis bank will then conduct a verification of your documents. After successful verification, officials from the bank will get in touch with you to guide you on further processes.

In Conclusion

Axis bank investment plans for NRI are one of the best investment options in India. Backed with the reputation and efficiency of the bank, you can rest assured that you will be able to meet all your financial requirements. Moreover, you can select from a vast range of transparent, flexible plans that follow a hassle-free application procedure.

FAQ's

Q. What are the different types of NRI accounts?
Ans: The two types of NRI accounts offered by Axis Bank are:
- NRE: Non-Resident External Account
- NRO: Non-Resident Ordinary Account
Q. Who is an NRI?

And: Any Indian resident who lives outside of India for more than 183 days in a financial year is considered an NRI.
Q. Should NRI invest in Axis Long Term Equity Fund?

Ans: Yes, as long as you abide by the Foreign Exchange Management Act (FEMA) rules, you can invest in any Axis bank mutual fund.
Q. Which investment has the highest return?

Ans: Investment in equity mutual funds carries a high-risk factor because of the fluctuations in the share market. However, if you have the risk appetite, then you can yield the highest returns from equity mutual funds.
Q. How to delete my Axis mutual fund portfolio?
Ans: Here is how you can delete your Axis mutual fund portfolio:
- Visit your Portfolio Tracker Homepage
- Select the portfolio you want to delete
- Delete it and click on "Go"

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Past 10 Years' annualised returns as on 01-11-2024

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).