TradingBells is an online discount broker offering low brokerage trading services to NRI investors. Trading bells is part of Swastika Investmart Ltd., a traditional full-service broker with over 25+ years of stock broking experience.
TradingBells offers a 2-in-1 account, combing a trading and a demat account, for NRIs. NRIs can invest in stocks, mutual funds, IPO and equity F&O segments using the online trading services offered by the company.
TradingBells USP is its low brokerage charges and a wide local presence across 80 cities. It charges a fixed brokerage of ₹100 per executed order across all the segments available to NRIs.
TradingBells NRI trading software is the same as offered to resident investors. This includes its proprietary trading platform Justrade (trading terminal, browser-based platform and mobile app) and 3rd party software like NSE NOW (mobile app, website and trading terminal) and ODIN (trading terminal and website). With a user-friendly back-office interface, NRIs can check regular updates on current holdings, ledger balance, sauda summary and other transactions.
An NRI need following accounts to trade with TradingBells.
TradingBells allows non-resident Indians to open NRI Savings Bank account with any RBI designated bank for NRI account in India. NRIs can continue using the existing NRI Bank Account or open a new account with any bank of their choice. An NRI needs to have an NRE or an NRO account with a bank in India. To trade in the Derivative segment you will need an NRO account (Non-PIS).
With the help of bank (where you have an NRI bank account), you can obtain RBI PIS permission letter. RBI PIS permission is required for NRI's to invest in the Indian stock market.
PIS permission is not required to trade in Equity F&O or invest in Mutual Fund, Bonds, NCD etc. securities.
To trade and invest in the equity derivatives segment, the NRIs will need an NRO Bank Account and a Custodian Account. Globe Capital Market Limited is designated by TradingBells as Custodian for NRIs. So, you will need a CP code with Globe Capital for equity derivative investment.
NRIs can open NRI Demat account with both NSDL and CDSL at TradingBells. The broker is a depository participant (DP) with both central depositories in India.
For more information on NRI Demat accounts, please read NRI Demat Account - Online Opening Procedure, Charges, Rules
NRI trading account gives you access to NSE & BSE and place buy or sell request for various securities. TradingBells offers various trading platforms to trade and invest across equity delivery, derivative, mutual fund and IPO segments.
Once you have opened the NRI Bank, PIS, Custodial, Trading and Demat accounts, you're ready to trade in India. Following is the step-by-step TradingBells NRI trading procedure for trading in the Equity Delivery segment:
Transfer funds from your NRE/NRO bank account to your PIS Bank Account. The bank informs TradingBells on the allocation of funds. This is then updated as an available limit on your trading account.
NRIs can place buy or sell request through the trading platform. When you put the request, the system checks the availability of funds (buy order) or shares (sell order) in the respective accounts. If the condition is fulfilled, the order is executed at the stock exchange.
If it is a buy order, the amount is deducted from the linked NRI bank account. If it is a sell order, the amount is credited to the NRI bank account after order completion.
In case of a sell order, the Demat account is debited with shares. Contrary, the shares are credited in the Demat account when it is a buy order.
The transactions made in equity delivery segment are reported to RBI daily. The broker sends two separate contract notes for buy and sell transactions in a day to the bank. Further, the bank reports RBI and trades are settled.
TradingBells NRI brokerage charges for trading in Equity and Equity Derivatives.
Transaction | Fee |
---|---|
NRI Account Opening Charges | ₹750 |
NRI Account AMC | ₹0 |
Equity Delivery Brokerage | ₹100 per executed order |
Equity Future Brokerage | ₹100 per executed order |
Equity Options Brokerage | ₹100 per executed order |
Other Charges |
TradingBells offers 3 trading platforms to NRIs to trade at BSE and NSE stock exchanges:
Read ODIN Trading Terminal Review for more detail.
The investment options available to an NRI at TradingBells.
Investment Option | Status |
---|---|
Stocks | Yes |
Mutual Funds | Yes |
IPO | Yes |
Others |
Before opening NRI trading and Demat account with TradingBells, you have to open NRI Bank Account and get RBI PIS permission on it.
NRI account opening process with TradingBells is a manual process. It requires filling the paper form and sending it to the broker. The steps to open an NRI account are as below:
Note:
The non-resident Indians will need the following documents to open NRI Trading and Demat account with Trading Bell.
In the case of client trade in future and option segment, the following documents would be required in addition to the above mentioned:
Feature | Status |
---|---|
3-in-1 Account | No |
Free Research and Tips | No |
Automated Trading | No |
Other Features |
TradingBells offers online mutual fund services to investors. It is an easy process to access and invest across various mutual funds in India.
TradingBells NRI Support Desk contact information. Find TradingBells NRI contact number.
TradingBells NRI Helpline | Number |
---|---|
TradingBells NRI Customer Care Number | 9667657700, 9667658800 |
TradingBells NRI Customer Care Email ID | helpdesk@tradingbells.com |
TradingBells is an online broker with presence in 80+ cities through its parent company Swastika Investmart. It charges the lowest brokerage to NRIs. 3 different trading platforms Justrade, Now and ODIN are available to the customer. It suites to frequent trades (NRIs) who prefers to trade online at an ultra-low-cost.
Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with TradingBells, simply leave your contact information with us and TradingBells representatives will call you.
TradingBells offers the following products to NRIs:
TradingBells allows NRIs to invest in the equity derivatives (F&O) segment. But, to start investing and trading in the equity derivatives segment, you need to get a CP code from Globe Capital Market Limited, the clearing member for TradigBells.
You also have to submit proof of your income in the form of bank account statement (6 months older).
When you will submit the self-attested copies of last 6 months statement and get a CP code, you can trade and invest in futures and options at TradingBells.
Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer
Information on this page was last updated on Saturday, June 6, 2020
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