Can NRI hold shares in India?

Yes, NRI can open NRI 3-in-1 account; NRI Demat + NRI Trading + NRI Bank Account and invest in shares listed on the Indian stock exchanges like BSE and NSE. Thus, they can hold all the shares purchased through NRI Trading Account in the NRI Demat Account. Here, to trade on repatriation basis, NRI must open a NRE bank account and gets PIS approval from RBI however, to trade on non-repatriation basis, they can open NRO bank account. NRI customers can also hold shares received in the form of gift purchased in the capacity of Indian resident.