FREE Account Opening + No Clearing Fees

Sharekhan NRI Account Review

-10% 624,891 Clients

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Sharekhan, a leading full-service broker in India, offers NRI Stock Trading and Demat accounts to NRI, PIO and OCI customers. Sharekhan offers a 3-in-1 NRI Trading account in partnership with Axis, Indusind, IDBI and HDFC Bank. This account comprises of a trading and a demat account from Sharekhan and savings account from Axis, IDBI or Indusind or Sharekhan banks. NRIs can use the Sharekhan 3 in 1 account to trade in equities and equity derivatives, invest in IPO, Mutual Fund, NCD, and Corporate FDs. Sharekhan also offers Portfolio Management Services (PMS) to NRIs.

The Sharekhan NRI charges for equity trading is 0.50%. The charges for Futures is 0.1% on the first leg and 0.02% on the second leg if squared off on the same day or 0.1% if squared off on any other day. The brokerage for Options trading is Rs 250 per contract.

Sharekhan offers a range of online trading platforms and tools. TradeTiger is its flagship trading platform. It also offers a Mobile Trading App and a website for trading.

Research is one of the key offerings of Sharekhan NRI services. The company has a dedicated research team that publishes research reports to keep you updated with the latest market trends. Customers also get daily emails on current market conditions and investment recommendations.

A dedicated Relationship Managers is assigned to every NRI customer to offer personalized services.

Sharekhan has partnered with California based Online Trading Academy to provide financial education investors. It offers workshops, short, intermediate and lifetime courses on various aspects of trading and investing to its customers.

Founded in 2000, Sharekhan is a subsidiary of BNP Paribas. Sharekhan was acquired by BNP Paribas in 2016. BNP is a leading bank in Europe and has a presence in 75 countries. Sharekhan was one of the first brokers to offer online trading in India and serves over 16 lakh resident and non-resident Indians. Sharekhan is one of the largest stock brokers in India with 153 branches and over 2400 business partners across over 575 locations.

Sharekhan NRI 3 in 1 Account

To invest through Sharekhan, an NRI has to open an NRI 3-in-1 account. The 3 in 1 account is a combo account which includes 3 accounts in it:

  1. NRI Bank Accounts

    The NRI Bank Accounts comes in two forms; NRE and NRO account. Sharekhan has a partnership with 4 banks - Axis, Indusind, IDBI and HDFC Bank. You need to open an NRI bank account with one of these banks.

  2. NRI Demat Account Sharekhan

    Sharekhan NRI Demat Account is an online account to hold securities such as stocks, mutual funds, and IPO shares, etc., in electronic format. A demat account is mandatory to invest in the stock markets in India. Read NRI Demat Account to know more.

  3. NRI Trading Account Sharekhan

    Sharekhan NRI Trading Account provides you access to BSE & NSE to trade across stocks, equity derivatives, and ETFs. All stock market transactions go through a broker like Sharekhan.

Note: As per RBI and FEMA regulations, NRIs need different types of trading, demat and bank accounts.

Different Types of NRI Accounts


NRI Trading Accounts

NRI Bank Accounts

NRI Demat Account
























Sharekhan NRI Demat Account

Sharekhan offers NRI demat account through its NSDL & CDSL membership.

Sharekhan NRI Demat Account Highlights

  • Sharekhan NRI demat account is same as demat for resident Indian.
  • The Share Demat account opening application form is also the same for resident and non-resident Indians.
  • An NRI customer has to choose account type as 'NRI' and subtype as 'Repatriable or Non-Repatriable' at the time of account opening.
  • An NRI Bank Account (NRE or NRO) has to be linked with demat account. The dividend or interest earned from securities is auto-credited this account.
  • The account can be used to trade across a variety of instruments like IPOs & mutual funds besides stocks.
  • The account can have another NRI or a resident Indian as the nominee.
  • You can access the account online.
  • Alerts and notifications for every debit/credit on the account.

Sharekhan NRI Trading Process

Sharekhan offers a completely online and fast trading experience to NRIs. Once your 3-in-1 account is opened, the step-by-step Sharekhan NRI trading procedure for trading is as follows:

  1. Fund Allocation

    Transfer funds from your Axis, Indusind, IDBI or HDFC NRE/NRO bank account to your PIS Bank Account. The bank informs Sharekhan on how much funds you have allocated. This is then updated as an available limit on the trading account.

  2. Placing an Order

    Login to any of the Sharekhan trading platforms and place a buy or a sell order online. If everything is alright then your order will be executed and you will receive a confirmation message.

  3. Debit/Credit

    Depending on whether it is a buy or sell order, your linked NRI bank, and NRI demat account is automatically credited or debited.

  4. Reporting

    The transaction is automatically reported by Sharekhan to your bank Bank for onward reporting to RBI, as per the Regulations.

Sharekhan NRI Trading Account Charges

Sharekhan NRI brokerage charges for trading in Equity and Equity Derivatives.

NRI Account Opening Charges₹2000
NRI Account AMC₹3000
Equity Delivery Brokerage0.50%
Equity Future Brokerage0.1% on first leg and 0.02% on second leg
Equity Options Brokerage₹250 per contract note
Other ChargesPIS Acct AMC: ₹1000

Sharekhan NRI Trading Software Review

Sharekhan offers a range of trading software for online trading. NRIs can also make use of AMO (After Market Hours) and GTC (Good Till Canceled) orders.

  1. Sharekhan App (Mobile Trading App)
  2. (Website Trading)
  3. TradeTiger (Desktop Trading Software)
  4. Sharekhan Mini (Low bandwidth Website)
  5. Sharekhan Sharekhan PatternFinder (Stocks Analysis Tool)

Read Sharekhan Trading Software Review for an in-depth understanding of the various platforms offered by the company.

Sharekhan Mobile App

Sharekhan Mobile App

Sharekhan Trading Website

Sharekhan Trading Website

Sharekhan TradeTiger

Sharekhan TradeTiger

Sharekhan Investment Options

The investment options available to an NRI at Sharekhan.

Investment OptionStatus
Mutual FundsYes
OthersPMS, Wealth Management

Sharekhan NRI Account Opening Process

If you are in India, the easiest way to open an NRI account is by visiting your nearest Sharekhan branch.

If you are overseas, here are the steps to open Sharekhan NRI online trading account:

  1. Visit the company's website
  2. Click on 'Product and Services' button in the top navigation bar.
  3. Under 'Sharekhan Services', click on link 'NRI Services'
  4. Click 'Open An Account' tab
  5. Fill the registration form. A company representative will contact you to take the process forward.

Sharekhan NRI Documents

To open an NRI 3-in-1 Account, you need to send 2 sets (one set for Sharekhan and other for the bank) of below-mentioned documents.

  1. Copy of Passport and Visa.
  2. Copy of PAN card.
  3. Foreign Address proof -Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not more than 2 months)/Notarized copy of rent agreement/Leave & License agreement/ Sale Deed
  4. Indian Address proof if any,
  5. Two Passport size Photographs
  6. PIS Letter (Sharekhan will arrange from the Bank)
  7. Two cheques
    1. For Account service charges in the favor of "Sharekhan Ltd".
    2. A Cheque of Rs. 15000 in favor of "Your Name -Bank Name" as the initial deposit to the bank.


  • All the above documents need to be self-attested. If you are applying forms from overseas, then you need to get all the documents attested by Indian Embassy/ consulate general/overseas banker/Notary.
  • It takes between 3 to 5 working days to open an account after all the documents are received.
  • You can open both NRE and NRO account with the bank. However, you can map only one of the accounts (NRE or NRO) with your Sharekhan NRI Trading account.
  • Mapping your NRE account with the Sharekhan trading account will allow you to trade in the stocks whereas, by mapping an NRO account, you can trade in both stocks as well as equity Future & Options segments. To map both the accounts, you need to open 2 trading accounts with Sharekhan.
  • NRIs can trade only in stocks and equity Futures & Options. Currency and Commodity derivatives are not allowed. Intraday trading is not permitted to NRIs.

Sharekhan Key Features

3-in-1 AccountNo
Free Research and TipsYes
Automated TradingNo
Other FeaturesCall & Trade, Dedicated Relationship Manager, Branch Support

Sharekhan NRI Mutual Fund

Sharekhan NRI customers can invest in mutual fund through InstaMF, an online paperless Mutual Fund investment platform. An NRI can set up a SIP or do lump sum investment in Mutual Funds.

Sharekhan NRI Mutual Fund Features

  1. Buy/Redeem/Switch funds online.
  2. NEO - a Robo Advisor to help you set & achieve financial goals.
  3. Create a model portfolio as per your risk appetite.
  4. Expert advice on phone and chat.
  5. SIP facility
  6. View portfolio performance online

Note: All AMCs don't accept investments from NRIs based in USA and Canada due to additional compliance required as per FACTA and CRS regulations.

Sharekhan NRI Customer Care

Sharekhan NRI Support Desk contact information. Find Sharekhan NRI contact number.

Sharekhan NRI HelplineNumber
Sharekhan NRI Customer Care Number+91 022 6518500
Sharekhan NRI Customer Care Email

Sharekhan NRI Trading Account Advantages

  1. One of the largest stock brokers in India.
  2. Easy trading experience for NRI with 3 in 1 account.
  3. Offers advanced trading platforms in desktop, mobile, and web versions.
  4. Offers online Mutual Funds, IPOs and Bonds.
  5. Offers PMS services for wealth management
  6. A dedicated relationship manager to each NRI customer.
  7. Offers hand holding to beginners in the stock market.

Sharekhan NRI Trading Account Disadvantages

  1. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
  2. Brokerage and account opening charges are higher when compared to other full-service brokers.


Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Frequently Asked Questions

  1. 1. Can we open Sharekhan NRI trading account online?

    No, the Sharekhan NRI trading account cannot be open online. However, you can request a callback by visiting the company's website and filling an inquiry form.

    Sharekhan representative discusses the requirement and shares the PDF forms with you.

    Sharekhan offers NRI 3-in-1 account which includes bank, trading and demat account. The bank accounts are available in partnership with Axis, HDFC, IDBI, and Indusind Banks.

    The customer has to fill 2 sets of forms and attach 2 sets of supporting documents; one for bank account and another of trading and demat account.

    If you are in India, you could visit any of the Sharekhan offices to open the NRI account. This is the fastest way to open an NRI account.


  2. 2. How to deactivate Sharekhan NRI trading account online?

    Sharekhan NRI trading account cannot be deactivated online. You need to close the account by filling a physical form. Sharekhan NRI trading account closure form is not available on its website for downloading. You need to contact its customer care via chat, phone or write an email to enquire about the closure process.

    you must pay all pending dues and close all open positions before closing the account. Also, ensure that you have transferred all the securities you are holding to a new demat account before initiating the Sharekhan NRI trading account closure process.


  3. 3. Is Sharekhan Portfolio Management Services available for NRIs?

    Yes, Sharekhan PMS services are available for NRIs. You will have to open a PIS account as required under RBI guidelines to avail the PMS services. Sharekhan offers 2 types of PMS services to NRIs

    1. PMS Proprime Diversified

      The ProPrime Diversified Equity PMS invests for a long term to create an equity portfolio with medium to high risk.

      • Investments are done in specific stocks based on fundamental research
      • Primarily Nifty Fifty or the BSE 100 scrips are selected for investments with an exposure of minimum 70% in the Nifty Fifty stocks and 90% in the BSE 100 stocks.
      • Minimum Investment Amount is Rs 25 Lakhs
      • Charges-
        • AMC fees: 2.5% annually (to be charged every quarter)
        • Brokerage: 0.5%
        • Profit-sharing: 20% profit sharing after the 15% returns is gained at the end of every fiscal year
    2. PMS Wealth Optimizer

      The strategy is to identify most undervalued stocks of growing companies based on reported financial performance.

      • Automated decision-making system assigns value to each stock through fundamental analysis.
      • Stocks with higher growth potential are selected
      • Top 10 stocks are selected each day
      • The exposure in each sector is restricted to 20% of the client's portfolio
      • Stocks invested are reviewed every quarter based on quarterly results
      • Minimum Investment Amount is Rs 25 Lakhs


  4. 4. How to contact Sharekhan NRI customer care?

    You can reach out to Sharekhan NRI customer care at:


Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Information on this page was last updated on Friday, February 16, 2024

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Add a public comment...