|
|
Beeline Broking is an online discount broker offering NRI trading services. The company offers a 2-in-1 account to NRIs to invest in equities, IPOs, mutual funds and bonds.
Beeline offers 3rd-party trading software to NRI and resident investors. It offers NSE Now and ODIN trading platforms including an install-able trading terminal and a mobile trading app for NRIs. The facilities such as funds transfer, requesting payouts, etc are available on a real-time basis.
Beeline also offers Call & Trade services to NRIs to enhance their trading experience. The broker provides daily direct mailer services wherein NRIs get research insights on stocks, economy and market conditions.
Beeline Broking also allows US and Canada based NRIs to invest & trade online through its online trading platform.
Here are the accounts to open before opening NRI trading and Demat account with Beeline Broking-
NRIs must have a PAN number to trade and invest in Indian Stock Exchanges. If you don't have a PAN Card, you can apply online by filling up Form 49AA through the websites of UTIITSL and NSDL.
Note- The PAN card is the same for NRIs and Resident Indians. If you already have a PAN Number as resident Indian, you do not need to get a new PAN number.
Beeline allows NRIs to trade and invest through the NRI SB account with HDFC/Axis Bank. If NRIs already have an NRI Bank account with HDFC/Axis, they can link the account with the trading and Demat account of the broker.
NRIs who want to invest in the Indian stock market has to take prior permission from RBI. With the help of HDFC/Axis Bank, you can request for the PIS permission.
Beeline offers a 2-in-1 account for non-resident Indian investors including NRI Demat and trading account. Details on the Beeline NRI accounts:
Beeline offers a depository account with NSDL for resident and NRI clients. Demat account safeguards the securities purchased by investors similar to a bank account safe keeps the money. The securities in the Demat account are held in electronic format.
Note:
NRIs can place buy and sell requests through the trading account. When NRIs open trading account with Beeline, the investing process becomes easy for them. With the trading platform offered by Beeline, you can check the performance of the securities online at any time.
Once you have opened all the accounts needed to trade then you can place buy/sell order requests online by using any of the Beeline trading platforms-
Deposit funds in the HDFC/Axis NRE PIS Bank Account which is linked to the trading account. Once funds are available, the bank informs the broker about this. The broker now increases the trading limits for the customer.
By login through the NRI trading account, non-resident Indian investors can place buy or sell requests online. After receiving the request, the system checks the availability of funds or shares in the respective account. If everything is correct, the order is executed on the stock exchange.
Based on buy or sell order, the Demat account is credited or debited with shares. Opposite to it, the HDFC/Axis NRI bank account is debited or credited for buy or sell order, respectively.
At the end of the day, the broker informs the bank regarding the buy and sell transactions separately in two contract notes. Further, the bank reports RBI regarding the transactions done by the NRIs.
Note: NRIs are not required to report RBI for transactions made under the equity derivatives segment.
Beeline NRI brokerage charges for trading in Equity and Equity Derivatives.
| Transaction | Fee |
|---|---|
| NRI Account Opening Charges | ₹876 |
| NRI Account AMC | ₹0 |
| Equity Delivery Brokerage | 0.40% |
| Equity Future Brokerage | NA |
| Equity Options Brokerage | NA |
| Other Charges |
The online trading platforms offered by Beeline Broking include:
Read more about Beeline Broking Trading Platform Review.
Beeline Broking Mobile Trading App (NSE NOW)
The investment options available to an NRI at Beeline.
| Investment Option | Status |
|---|---|
| Stocks | Yes |
| Mutual Funds | Yes |
| IPO | Yes |
| Others |
Beeline Broking offers offline account opening to NRI customers. Here is the process of opening the NRI Demat and trading account with Beeline:
If IPV is not possible due to some reasons, the copy of documents notarized by the Indian Embassy/ Consulate General, Magistrate, Local Banker, Judge, Any Court, Notary Public of the residing country is also permitted.
Here is the list of documents to submit for opening the NRI trading and Demat account with Beeline.
| Feature | Status |
|---|---|
| 3-in-1 Account | No |
| Free Research and Tips | Yes |
| Automated Trading | No |
| Other Features |
Beeline broking offers online Mutual Funds to its customers. The online Mutual Fund investment is not part of its trading platform. A separate login id/password has to be maintained to invest in MF with Beeline.
Beeline Broking doesn't have its own Mutual Fund investment platform.
Beeline NRI Support Desk contact information. Find Beeline NRI contact number.
| Beeline NRI Helpline | Number |
|---|---|
| Beeline NRI Customer Care Number | 079-66664040 |
| Beeline NRI Customer Care Email ID | connect@beelinebroking.com |
Beeline Broking, an Ahmadabad based online stock broker doesn't provide any details about its NRI services on its website or over the call. The broker doesn't offer the facility to trade and invest in equity derivatives for NRIs. The company doesn't seem interested in NRI clients.
Here is the process of transferring and closing your account with Beeline Broking:
Yes, IPV is a compulsory process to open an account. The IPV is completed by a representative from the broker.
If IPV is infeasible for NRI from the broker's side, attested copies of documents by Indian Embassy/ Consulate General, Notary public, Judge, Local Banker, Any Court in the residing country are also allowed.
IPV can be performed by an employee, sub-broker, and relationship manager of Beeline Broking Ltd.
NRIs have to fill an Account Modification Form which is available at the official website of Beeline Broking. You can also send account modification-related queries to Demat@Beelinebroking.Com.
Through the form, the NRIs can update contact, address details, etc. After filling the form with the required information, send it to the operations office of the broker.
Yes, Beeline broking provide the investment platform for mutual fund and IPO. The broker also provides investment-related information on such segments.
Although, it doesn't offer mutual fund research reports and tips.
Yes, you can link the existing HDFC NRI SB account with Beeline Broking NRI trading and Demat accounts.
To invest through the Beeline Broking trading platform, non-resident Indians must have an NRI SB account with HDFC or Axis Bank. The customers having NRI savings bank account with other banks can keep such account but cannot link them with Beeline Broking NRI Account.
Leave your contact information and we will get in touch with you....
Information on this page was last updated on Tuesday, August 24, 2021
Add a public comment...
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
Contact Beeline
