Eligibility Criteria

To be considered eligible as a foreign portfolio investor, an applicant needs to satisfy the following conditions:-

• Applicant cannot be Resident Indian (RI), Non-Resident Indian (NRI) or Overseas Citizen of India (OCI)
• RIs, NRIs & OCIs can be constituents of FPI, subject to conditions.
• Applicant should be resident of country whose Securities Market Regulator is signatory to IOSCO and MMOU (or Bilateral MoU with SEBI).
• The current list of permissible IOSCO jurisdictions can be accessed at the following link: Click here
• The list of countries that have Bilateral MOU with SEBI is available at the following link: Click here

• Bank Applicants for FPI should be from countries whose Central Bank is signatory to BIS (else will be in Category II)
List of countries whose central bank is a member of the BIS is available at the following link: Click here
• Central Bank of non-BIS country can apply with approval from Government of India
• Should not be from country under FATF sanctioned list by UN Security council.
List of countries that are listed in the public statements issued by FATF is available at the following link: Click here