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Tradejini NRI Account Review


4,923 Clients

Tradejini is a Bangalore based discount stock broker offering trading and investment services to resident and non-resident Indian (NRIs) investors. The broker offers NRIs 2-in-1 trading and demat accounts to trade across Equity Delivery, Equity Derivatives, IPOs, and Mutual Funds.

Tradejini charges a flat fee brokerage to NRIs. The brokerage fee for Equity delivery trades is ₹200 or 2.5 % on Turnover (whichever is lower) and Equity Futures & Options is ₹200 per executed order.

Tradejini has tie-up with Yes Bank for offering NRI services. NRIs have to open an NRI savings bank account with YES bank. Yes bank will help the NRIs in getting PIS Permission from RBI to invest in the Indian stock market.

Tradejini offers a range of online trading software to NRIs including Omnesys NEST Trading Terminal, NSE NOW Trading Website and NSE NOW Mobile Trading App.


Tradejini NRI Account

NRIs need to have 4 types of accounts to trade in Indian stock markets:

  1. NRI Trading Account (with Tradejini)
  2. NRI Demat Account (with Tradejini)
  3. NRI Bank Account (with Yes Bank)
  4. Custodial Account (with Edelweiss) (for F&O Trading only)

Apart from this, an NRI also needs:

  1. PAN Card
  2. PIS Permission
  3. CP Code (For F&O Trading only)

1. Tradejini NRI Trading Account

Tradejini NRI Trading Account enables NRIs to buy/sell Shares, Mutual Funds, ETFs, Bonds and Derivatives (F&O) in the Indian stock market. Tradejini provides an online trading platform to invest via mobile or website. Some of the key benefits of the Tradejini NRI Trading Account are:

  • Choice of 2 advanced online trading platforms; NSE NOW and Omnesys NEST.
  • A single platform to trade across multiple segments and stock exchanges.
  • Call & Trade facility available
  • Competitive brokerage charges of ₹200 per executed order
  • Access to a range of charting & analytical tools

2. Tradejini NRI Demat Account

NRI demat account holds securities in electronic form. A demat account is opened with national depository (CDSL) through a depository participant (Tradejini). The demat account is similar to a bank account with the difference that the bank keeps money and demat account holds securities i.e. Shares, MF, Bonds.

Note:

  • The Demat account is the same for residents and non-resident Indians.
  • An NRI has to choose the account subtype as Repatriable or Non-Repatriable.
  • An NRE or NRO bank account has to be linked with the demat account.
  • The stock dividends or interest earnings are auto-credited to the linked NRE or NRO bank account.
  • Tradejini NRI demat account is a safe way to keep your holdings.
  • It is mandatory to open a demat account to invest in stocks, mutual funds, IPOs, and bonds, etc. in India.
  • The Demat account can be opened jointly with another NRI.
  • The Demat account can be accessed online at any point in time.

Tradejini NRI Trading Process

Tradejini offers a completely online trading experience to NRI investors. Once your Tradejini NRI account is opened, the step-by-step process of investing in equity delivery segment for NRIs is as follows:

1. Fund Transfer (NRI Saving Bank Account to PIS Account)

NRIs need to transfer the funds from their NRI Savings Bank account to PIS account when they wish to invest in the Indian Stock Market. Once the funds are available in the PIS account, the bank informs the broker (Tradejini) to update the trading account limits.

2. Place buy/sell order

Place buy/sell order through Tradejini online trading apps.

3. Fund Settlement

At the end of the day, the broker submits Contract Notes to the banks. It is an invoice with detail about transactions, fees, and taxes. Based on the buy or sell transaction, the NRE Bank Account is debited and credited, respectively.

4. Stock Settlement

Based on buy and sell transactions, the securities are credited and debited in the NRI Demat Account on a delivery basis. The equity delivery settlement is completed within t+2 days, with t being the day of trading.

5. Reporting

All the transactions from the NRE PIS Bank Account are reported to the RBI daily as per the regulatory guideline.


Tradejini NRI Trading Account Charges

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

TransactionFee
NRI Account Opening Charges₹2000
NRI Account AMC₹1999 for Lifetime AMC
Equity Delivery Brokerage₹200 per trade
Equity Future Brokerage₹200 per trade
Equity Options Brokerage₹200 per trade
Other Charges

Tradejini NRI Trading Software Review

Tradejini offers a range of online trading platform to its customers including:

  1. Now Mobile (Mobile Trading App)
  2. Now Trading (Online Trading Website)
  3. Nest Trader (Desktop Trading Platform)

The trading platforms are available to NRI customers free of cost. It offers useful features like charts, technical analysis tools, market watch and reports etc.

1. Now Mobile (Mobile Trading App)

Tradejini Now Mobile

2. Now Trading (Online Trading Website)

Tradejini Now Trading Website

3. Nest Trader (Desktop Trading Platform)

Tradejini Nest Trader

Tradejini Investment Options

The investment options available to an NRI at Tradejini.

Investment OptionStatus
StocksYes
Mutual FundsYes
IPONo
Others

Tradejini NRI Account Opening Process

Tradejini NRI accounts can be opened by submitting an application form with supporting documents to the broker. Trading and a demat account are opened for NRIs.

The in-person verification (IPV) is performed online through (Skype / Google Duo / Whatsapp video). As per SEBI norms your image along with PAN Card, Passport, and Address proof of overseas & domestic needs to be shown while online IPV.

Tradejini NRI Account Opening Prerequisites:

Before proceeding to open an NRI Trading and Demat account, the NRIs need:

  • PAN Card
  • NRI Bank Account (PIS Certified)
  • Custodial Account (for F&O Trading only)

Once PAN Number and PIS Bank Account are opened, an NRI can open following 2 accounts with Tradejini:

  1. NRI Trading Account
  2. NRI Demat Account

1. NRI Bank Account

NRIs can open NRE or NRO accounts with a designated bank based on repatriable and non-repatriable benefits, respectively. NRE account is used to invest in the equity delivery option, while the NRO account is used to trade in F&O and mutual funds.

Note: Tradejini accepts NRI accounts only from Yes bank.

2. PIS Bank Account

The NRIs are required to obtain the PIS permission from RBI to invest and trade in the Indian stock market. This permission is granted from RBI with the help of a designated bank. Under the PIS account, all the transactions in the equity delivery category are reported to RBI.

Note:

  • NRIs do not require PIS permission for investing in mutual funds and equity derivatives.
  • NRIs can have only one PIS account.

3. Custodial Account

A custodial account is for NRIs to trade in Equity Derivatives (F&O). It provides a CP code. Tradejini has a custodian account partnership with Edelweiss Custodial Services Ltd to settle the trades in the equity derivatives segment.

Read NRI Trading in Derivatives to learn in detail about NRI F&O trading.

When you have all the above accounts, you can open an NRI trading and demat account with Tradejini.

Steps to Open Tradejini NRI Account

  1. Visit the Tradejini.com website.
  2. Scroll down to the bottom of the home page.
  3. Now, click on 'Forms' under the 'Downloads' section.
  4. Download the 'Trading cum Demat Application' form.
  5. Print, Fill and Sign the form
  6. Attached notarized supporting documents
  7. Send docs to Tradejini's Bangalore office.

Note:

  • It takes around 10-15 days, post receiving the account opening form along with the necessary documents, for the account to be opened.
  • NRIs can open both NRE or NRO Trading and Demat account.
  • Once you have completed a KYC online, you are not required to do it again. As it is a one-time process only.

Tradejini NRI Documents

Following are the list of Tradejini documents for NRIs-

  • Self-attested PAN card copy
  • Passport size photograph
  • Proof of bank account (cancelled cheque of NRE or NRO savings account)
  • FATCA Declaration Form
  • FEMA declaration
  • Overseas Address: Driving License / Foreign passport / Utility bills / Bank statement (not more than 2 months old) / Notarized copy of rent / Sale Deed
  • In case of an Indian passport: Place of birth as India Valid, A Valid passport, and Visa - Work/Student/employment/resident permit etc
  • In case of foreign passport: A valid passport and any of the following (Place of Birth as India in the foreign passport or Copy of PIO / OCI Card as applicable in case of PIO/OCI)
  • PIS Permission Letter from the respective bank
  • Proof of respective bank accounts & depository accounts
  • Declaration of P.O. Box in NRIs residing country

Tradejini Key Features

FeatureStatus
3-in-1 AccountNo
Free Research and TipsNo
Automated TradingNo
Other Features

Tradejini NRI Mutual Fund

Tradejini offers online mutual fund (MF) services to NRIs. Through the online mutual fund investment platform, NRIs can invest online across various mutual fund schemes.

Depending upon the holding period, mutual fund investment for NRIs attracts STCG and LTCG on the respective segments. To understand the charges on capital gain while investing in a mutual fund, read our article on NRI Mutual Fund.

Tradejini offers MF services through its website mf.tradejini.com. NRIs can invest in Lump sum or through SIP. A wide range of tools and filters are provided to the NRIs to choose the best suitable options.


Tradejini NRI Customer Care

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

Tradejini NRI HelplineNumber
Tradejini NRI Customer Care Number+91-80-40204020
Tradejini NRI Customer Care Email IDhelp@tradejini.com

Tradejini NRI Trading Account Advantages

  • Low brokerage charges.
  • NSE NOW and Omnesys NEST are stable trading platforms.
  • Offer NRI mutual fund services

Tradejini NRI Trading Account Disadvantages

  • Linked with only one designated bank, Yes Bank, for NRI trading.
  • Doesn't offer Good-till-Canceled (GTC) and After Market Order (AMO).
  • Doesn't offer 3-in-1 accounts.

Conclusion

Tradejini comes across a good choice for NRIs looking to lower their brokerage costs. It charges flat Rs 200 per executed order brokerage across Equity and F&O. The broker also offers good trading platforms and trading tools for free.


Frequently Asked Questions

  1. 1. How to open NRI Account with Tradejini?

    Tradejini offers a 2-in-1 account for NRIs. This includes trading and a demat account.

    The NRI bank account and PIS account are required to be opened with Yes bank.

    NRIs also have to obtain CP code to trade in equity derivatives (F&O). NRI has to open a Custodial account with Edelweiss.

    Steps To Open NRI Trading Account with Tradejini:

    1. Open an NRI SB Account

      It should be opened with Yes bank with all the required documents. You can open NRO or NRE SB Account based on a non-repatriable and repatriable basis, respectively. If you want to invest in equity delivery, you should open an NRE bank account. And, for other NRI segments, you will need an NRO SB account.

    2. Obtain PIS Permission

      In the case of the NRE account, you have to open the PIS account as well. Your bank will help you get PIS permission from RBI.

    3. Open a Custodial Account

      NRIs have to open a custodial account with Edelweiss and get a CP code. For each equity derivative transaction, you have to provide the custodian code.

      Note: For investing in the equity segment, you are not required to open a custodial account.

    4. Download the Form

      You have to download the NRI account opening form from the website and fill it up. The next step is to attach all the required documents as mentioned in the section. Note: All the documents must be notarized by the competent authority.

    5. In-person Verification

      In-person verification is an important process. The NRIs can visit the nearby stock broker's local office in the residing country and meet employees or staff for IPV. The IPV can also be done online through (Skype / Google Duo / Whatsapp video).

    Discuss this question

  2. 2. Can NRIs do online IPV with Tradejini?

    Yes, NRIs can do in-person verification through Skype, Whatsapp and Google Duo.

    They can also visit the local branch in the residing country to meet the employees and staff for in-person verification. In the case of the infeasibility of IPV, sending notarized documents attested by the competent authority in the residing country is enough to open an account.

    Discuss this question

  3. 3. How long does it take to open an NRI account with Tradejini?

    The total time taken for open NRI account with Tradejini is 10 to 15 days, after receiving the account opening form and supporting documents.The time taken includes:

    • 7-10 Days for PIS account opening.
    • 2-3 Days for Tradejini Trading & Demat account opening.

    Discuss this question

  4. 4. What are the NRIs account opening charges with Tradejini?

    Tradejini charge one-time fee of ₹2,000 + GST for NRI trading account opening. It also charges ₹1999 onetime fee for lifetime free AMC Demat Account.

    Discuss this question

  5. 5. What is the AMC for Tradejini NRI De-mat and trading account?

    Tradejini offer lifetime free annual maintenance charges (AMC) when the customer pays an one-time fee of ₹1999 + GST.

    Discuss this question

  6. 6. With which banks Tradejini has a tie-up for NRI PIS Bank Account?

    Tradejini have a tie-up with Yes Bank for the same. NRI customer should have NRI Bank Account with Yes Bank to trade with Tradejini.

    If NRI has a PIS bank account elsewhere, they need to close the same and provide the closure confirmation before opening PIS Bank Account with Yes Bank.

    Discuss this question

  7. 7. Does Tradejini help NRI customer in getting the PIS account opened?

    Yes, Tradejini in partnership with Yes Bank helps NRI customer in opening the NRI Bank Account (NRO or NRE) and getting the RBI PIS Permission on this account.

    Note: If you have a PIS enabled bank account with any other bank i.e. ICICI, HDFC, Axis, etc. you will have to close the an account and get the account closure confirmation before opening account with Yes Bank.

    Discuss this question

  8. 8. What are the brokerage charges for NRI trading with Tradejini?

    Tradejini charges the brokerage of flat ₹200 per executed order to NRIs.

    Tradejini is a discount broker offering ₹20 per executed order to the resident Indian customer. The higher charges to NRIs is because the complex settlement procedure, additional reporting requirement, no interest-earning as surplus money doesn't stay with the broker.

    Discuss this question

This page is a review of NRI Trading Account NRI trading account Tradejini. Find Tradejini NRI Brokerage Charges and Calculator and steps to convert to NRI account with Tradejini.

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Information on this page was last updated on Thursday, December 27, 2018


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