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Are there specific stocks that NRIs are not permitted to trade in?

Yes, stocks may be subject to restrictions for NRI-PIS accounts. The Reserve Bank of India (RBI) monitors NRIs’ investments in listed Indian companies daily through designated banks. When NRIs’ holdings approach 2% below the upper limit set by the company, a caution list is issued. Any further purchases of that company's shares will require prior approval from the RBI. If the overall ceiling is reached, the company is placed on a ban list, prohibiting any additional purchases under the portfolio investment scheme.

For the complete list of restricted stocks, please visit the following websites:

Note: Non-PIS account holders do not face these trading restrictions.

For more details on NRI investment guidelines or assistance with your account, please reach out to Firstock Customer Support.

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