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NRI Broking Services

We provide Non-Resident Indians (NRI) with the entire range of services to make and grow their investments in the Indian capital markets. We know that investing in India can seem challenging to foreigners. That's why our dedicated team will guide you every step of the way to make the experience more fulfilling, enjoyable and productive. 

Open an Account 

Plan your Investments

Taxation Planning

Services Offered

NRE

  • To open NRE A/c. (with designated branch of a bank) - Normal - for all dealings excluding portfolio Investment.

  • To open NRE A/c. - PIS (Portfolio Investment Service) exclusively for Portfolio Investment.

  • To obtain RBI approval through the designated bank (RPI) for buy cum sale through Stock Exchanges.

  • To have a DEMAT A/c. in NRE Status.

  • Report all purchases to RBI through designated bank within 24 hrs.

  • To pay by NRE (PIS) cheque to broker for each contract.

  • Report all sales to RBI through designated bank within 24 hrs.

  • Deposit cheque for sales proceeds in NRE (PIS) A/c.

(Based on the above records, bank will calculate and deduct any Capital Gains Tax if any  and credit net proceeds to PIS A/c).

NRO

  • To open NRO A/c. (with designated branch of a bank) - Normal - for all dealings excluding portfolio Investment.

  • To open NRO A/c. - PIS (Portfolio Investment Service) exclusively for Portfolio Investment.

  • To obtain RBI approval through the designated bank (NRI) for buy cum sale through Stock Exchanges.

  • To have a DEMAT A/c. in NRO Status.

  • Report all purchases to RBI through designated bank within 24 hrs.

  • To pay by NRO (PIS) cheque to broker for each contract.

  • Report all sales to RBI through above bank within 24 hrs.

  • Deposit cheque for sales proceeds in NRO (PIS) A/c.

(Based on the above records, bank will calculate and deduct any Capital Gains Tax if any  and credit net proceeds to PIS A/c).

Documents

Necessary Documents for NRIs to Open an Account

Proof of Identity

  • PAN Card (Mandatory for all the applicants)

  • Passport (Mandatory in case of NRI)

  • Voters ID

  • Driving License

Foreign Address Proof

  • Passport

  • Latest Flat Maintenance Bill

  • Latest Rent Agreement

  • Latest Electricity Bill

  • Latest Landline Telephone Bill

Proof of Address

  • Ration card

  • Driving license

  • Voters ID

  • Bank Pass Book

Proof of Bank Account

  • Bank Statement or Bank Pass book Copy (with the bank seal & stamp)

  • A blank cheque (which is personalized)

  • RBI Approval Copy – Mandatory for NRI clients

  • FEMA Declaration Letter ( Eg:  see Download Section)

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