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SBI SecuritiesAn SBI Group Company
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NRI Investment from Singapore

Complete guide for Singapore-based NRIs to invest in Indian markets

Key Benefits for Singapore NRIs

βœ“Major financial hub
βœ“Quick remittance
βœ“No capital gains tax in Singapore
βœ“Strong banking infrastructure
βœ“Full investment access
πŸ‘₯

0.7M+

NRI Population

πŸ’°

SGD

Currency

πŸ“‹

Active

DTAA Status

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SGT (GMT+8)

Timezone

Investment Options

1
Direct equity investment
2
Mutual funds
3
NRE/NRO Fixed Deposits
4
Government securities
5
InvITs and REITs
6
IPOs

Tax Treaty Benefits (DTAA)

India-Singapore DTAA (amended 2017) provides tax benefits. Capital gains on shares acquired after April 2017 taxable in India. Dividends taxed at 15% under treaty.

Note: Tax laws are subject to change. Please consult a qualified tax advisor for personalized guidance on your specific situation.

Documents Required

πŸ“„Valid Singapore visa/PR card
πŸ“„NRIC/FIN
πŸ“„Singapore address proof
πŸ“„PAN Card
πŸ“„Indian passport
πŸ“„Employment proof or bank statements

Remittance from Singapore

Maximum LimitNo specific cap (follows Indian LRS)
Transfer TimeSame day to 1 business day

Recommended Channels:

DBS RemitOCBCBank wireInstaReM

Important Restrictions

⚠Cannot invest in agricultural land
⚠LOB provisions in DTAA post-2017
⚠PIS ceiling limits apply

How to Open NRI Account from Singapore

1

Submit Application Online

Fill the online NRI account opening form on SBI Securities website

2

Upload Documents

Upload passport, visa, address proof, and PAN card

3

Video KYC

Complete video verification (or visit nearest SBI branch)

4

PIS Permission

Get PIS approval from your NRE/NRO bank

5

Start Trading

Fund your account and start investing in Indian markets

Frequently Asked Questions

Can Singapore residents invest in Indian stocks?β–Ό

Yes, Singapore-based NRIs and PIOs can invest in Indian equities through PIS. SBI Securities provides seamless account opening for Singapore residents.

What are the tax benefits for Singapore NRIs?β–Ό

Singapore has no capital gains tax, so you only pay Indian taxes on gains from Indian investments. Under DTAA, dividends are taxed at 15% in India.

How long does remittance from Singapore take?β–Ό

Remittance from Singapore to India is typically completed within 24 hours using modern channels like DBS Remit or direct bank transfers.

Open NRI Account

Start investing in India from Singapore with SBI Securities

  • βœ“ Zero account opening charges
  • βœ“ 100% online process
  • βœ“ Dedicated NRI support
  • βœ“ Backed by SBI
Open Free Account

Account opens in 24 hours

NRI Helpdesk

πŸ“ž+91-22-26449200
πŸ“§nri@sbisecurities.in
πŸ•‘Mon-Fri: 9 AM - 6 PM IST