-3.83% 43,688 Clients
Indiabulls is a full-service stock broker that offers a range of trading and investment services to NRIs. It offers 2 in 1 accounts, combining demat and trading accounts for online trading across Equity, Equity Derivatives, IPOs, and Mutual Funds.
Power Indiabulls (PIB) is the flagship online trading platform offered by the broker to NRI investors. The platform offers charting, real-time stock prices and news updates to traders. It also offers an 'instant customer service' wherein investors can connect to an expert and seek trading assistance.
Indiabulls offers various in-house mutual fund schemes as well as Mutual funds of other AMCs to non-resident Indian investors. NRIs can invest based on a repatriable and non-repatriable basis.
Indiabulls has a dedicated research division that provides technical analysis, trading reports, and fundamental stock recommendations.
To trade and invest in Equity, Equity F&O, Mutual Funds, and IPOs, NRIs need to open the following accounts:
Indiabulls doesn't offer banking services. NRI investors have to open NRE or NRO Bank Accounts with an RBI designated bank offering this service. The bank will also help them obtain PIS permission from RBI. PIS certificate is mandatory for trading in stocks.
Indiabulls uses the custodian services of HDFC Bank. If you are interested in trading in Equity Derivatives (F&O), you can get a CP Code from HDFC.
Indiabulls offers trading account to NRI investors. The trading account is required to buy and sell securities from BSE and NSE.
Note:
The Demat account holds securities in digital format and is mandatory for trading in Indian stock exchanges.
Indiabulls Ventures is a depository participant (DP) with NSDL and CDSL, the two central depositories offering Demat Accounts. The membership allows it to offer NRI Demat accounts.
Note:
Read more about NRI Demat Account - Online Opening Procedure, Charges, Rules
Indiabulls offers a fast trading experience to NRIs through its flagship PIB trading platform. Once you have obtained access to Indiabulls trading & Demat account and PIS permission, you can trade-in Equity Delivery segment by following the steps below:
Login to the Indiabulls online trading software and place buy or sell orders. The system will first check the availability of funds in the linked NRI PIS bank account or shares in the Demat account. If the requirements are fulfilled, then the order is sent to the exchange (BSE or NSE). The exchange finds the match and executes the order.
At the end of the trading day, Indiabulls prepare a contract note for all the transactions in a day. The contract notes are sent to the bank for settlement of the fund. A contract note is similar to an invoice with details of the transactions, brokerage fees, and taxes. 2 sets of contract notes, each for all buy and sell transactions, are sent to the bank.
If it is a buy order, the NRI bank account is debited with the value of the trade. The funds are transferred to the broker.
In the case of a sell order, the NRI bank account is credited with money from the broker.
If it's a buy order, the demat account is credited with shares in T+2 days. T is for the trading day. If it's a sell order, the demat account is debited with shares. These shares are delivered to the buyer by the broker.
All transactions in the NRE PIS Bank Account are reported to RBI at the end of the day.
Indiabulls NRI brokerage charges for trading in Equity and Equity Derivatives.
Transaction | Fee |
---|---|
NRI Account Opening Charges | ₹2000 |
NRI Account AMC | ₹0 |
Equity Delivery Brokerage | 0.50% |
Equity Future Brokerage | 0.05% |
Equity Options Brokerage | 0.05% |
Other Charges |
Indiabulls trading platform for NRI includes 3 trading software:
The brief detail of these online trading platforms is provided as below:
Shubh App is a mobile trading platform by Indiabulls. The app offers convenient trading/investment using a Smartphone. The key features include live stock market updates and stock tips from the research team.
Shubh Web is a browser-based online trading website. This lightweight website runs in any web browser. It offers live streaming market data, advanced charts, portfolio tracker, IPO, news and a simple user interface.
PIB is a desktop-based online trading platform. It has a host of advanced features such as live trading reports, news updates, charting facilities, and real-time stock prices.
The investment options available to an NRI at Indiabulls.
Investment Option | Status |
---|---|
Stocks | Yes |
Mutual Funds | No |
IPO | No |
Others |
Before opening the NRI trading and demat account with Indiabulls, an NRI needs:
If you don't have a PAN Card, you can obtain it by filling up Form 49AA online for allotment of permanent account number through the websites of UTIITSL and NSDL.
Once you get the PAN Number and an NRI PIS Bank Account is opened, you can then open the following 2 accounts with Indiabulls:
Note: In the case of equity derivatives trading (F&O), an NRI also needs Custodian Account and CP Code with HDFC Bank.
You will need the following documents to open an NRI trading and Demat account with Indiabulls:
Feature | Status |
---|---|
3-in-1 Account | No |
Free Research and Tips | Yes |
Automated Trading | No |
Other Features |
Indiabulls Mutual Fund is a SEBI authorized Asset Management Company (AMC) of India. NRIs can invest in various schemes offered by the fund house.
Indiabulls is also a distributor of Mutual Funds offered by another 20+ AMCs including ICICI Prudential and HDFC Mutual Fund.
By opening a mutual fund account with AMC, you can invest in various schemes under equity and debt segments.
Key Facts:
Indiabulls NRI Support Desk contact information. Find Indiabulls NRI contact number.
Indiabulls NRI Helpline | Number |
---|---|
Indiabulls NRI Customer Care Number | 022 6144 6300 |
Indiabulls NRI Customer Care Email ID | helpdesk@indiabulls.com |
Indiabulls is a good choice as a broker for NRI traders who need the online trading facility, research assistance, personalized services and prefer investing in mutual funds. It has a dedicated research team that helps traders in making informed investment decisions. The Power Indiabulls trading platform is an advanced online trading platform that offers many useful trading features to NRI investors. Except for higher brokerage, the services offered by Indiabulls to NRI customers are competitive.
Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order.
Get this limited time offerFREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer
Information on this page was last updated on Monday, December 16, 2019
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