Simplify Investment Procedure for Ordinary NRIs and OCIs in India

As an NRI/OCI, I have often found investing in Indian stock markets and mutual markets to be a complex and daunting task. It is particularly challenging due to convoluted procedures for managing NRE/NRO accounts and the lack of simple mechanisms to remit returns back to our overseas base. 

However, I belong to the robust and extensive NRI & OCI diaspora who could significantly contribute to India's economy through such investments. It is noteworthy that a staggering 17.5 million people from India live overseas, making it the largest diaspora in the world according to a UN's report from 2020. Imagine the enormous potential economic contribution if we were given a simplified route to investing.

We call out to Indian authorities, especially the Ministry of External Affairs (India), SEBI, RBI, and Large banks to take into consideration the concerns of NRIs and OCI cardholders like me. It is paramount that you design a simpler SARAL route for us. This will benefit a large population wanting to invest in Indian Stock Market, Mutual Funds, and Bank Fixed Deposits.

Let's ease the financial integration process for the vast overseas Indian community into Indian markets, boosting India's economy while helping us secure better financial futures. Please support our plea and sign this petition.