Yes Securities NRI Account Review


19.91% 13,104 Clients

Yes Bank, India's fourth-largest private sector bank, offers NRI 3-in-1 Account to NRIs. Yes Bank is an RBI designed bank for PIS, which makes it very easy for NRI customers to invest online into Indian Stock Markets. Yes Bank offers brokerage services through Yes Securities.

Yes Bank 3-in-1 Account for NRI includes NRI Bank Account, NRI Trading Account and NRI Demat Account. These 3 accounts are linked together to offer a seamless online trading experience to an NRI. The NRI Trading and Demat Account are offered by Yes Securities, a subsidiary of Yes Bank. Through this Yes bank 3-in-1 account, you can invest in equity, equity derivatives, mutual funds and other investment options offered for NRIs.

Yes Securities is a full-service stock broker. Along with the online trading and demat account, Yes Sec also offers research and advisory services, relationship manager assistance and call & trade facility.

NRI investors do not require any minimum balance to open PIS account with Yes bank. They can easily transfer money from NRI account to PIS account online. The bank also offers 6% interest on the balance maintained in the NRI account.

YES Remit is a feature of NRI account with Yes securities. It offers an easy, fast and secure gateway for NRIs residing in UAE, Australia, Singapore, Switzerland, UK and Canada to transfer money to India online.


Yes Bank 3-in-1 Account for NRI

Yes Bank's 3-in-1 NRI Trading Accounts offer a wide range of investment options to NRI customers. This includes trade/invest in Indian stock markets; invest in Mutual Funds, IPO, NCD and bonds. This 3in1 account includes bank, demat and trading accounts which are required for stock market investment in India.

These three accounts are opened together and linked to each other. For an NRI investor, they work like a single account with seamless integration in the backend.

 

Yes Bank 3-in-1 Account

 

1. NRI Bank Account

NRIs can open both NRE Account and NRO Account with Yes Bank. NRIs can access Yes Bank accounts online using Mobile Banking App and Internet Banking website. The bank also allows an authorized resident Indian to do banking transactions on behalf of NRIs.

Yes bank also offers the Portfolio Investment Scheme (PIS). The PIS certificate is required for NRIs to invest in the Indian Stock Markets.

Unlike most other banks, Yes Bank PIS account is offered with zero minimum balance.

2. NRI Demat Account

An NRI Demat account is for NRIs to keep the shares purchased in a centralized repository for convenient and secure online transactions. Yes bank NRI Demat account can be an NRE or NRO type based on their requirements.

Check Yes Bank Demat Account Charges for NRI.

Key Facts:

  • NRI Demat account is required for all stock market investors in India.
  • Demat Account is to hold the securities in electronic format.
  • It reduces the risk of theft and damage by keeping the securities in electronic format.
  • Interest and dividends earned from the investment are automatically credited in the linked NRI Bank Account.
  • NRIs can check about the details of the holdings in the Demat account online at any time.

To know more, read Demat account opening process and benefits,

3. NRI Trading Account

NRI Trading Account with Yes securities helps the NRI investors to trade and invest in India. The Trading Account with a stock broker (SEBI registered member of stock exchanges like NSE and BSE) is for NRIs to invest in equity, derivatives, bonds, mutual funds, debentures and IPOs in India.

Key Facts:

  • NRIs are permitted to invest in Indian stock market through a set of regulations by RBI and IT department.
  • NRIs can get repatriable and non-repatriable benefits.
  • NRI trading account is linked with NRI Demat and NRI Bank Account.
  • All the transactions made by NRIs must be in rupee currency only.
  • The investment amount is directly debited from the NRI SB account while transacting through the trading account.

Yes Bank NRI Trading Process

Yes Bank's NRI 3-in-1 accounts help NRIs to invest/trade online with zero hassle. They can start investing in the equity delivery or F&O segment. Below is the process of investing in stocks with Yes Bank:

1. Place Buy/Sell Order

Login to the Yes securities trading platform and place a buy/sell order. The system checks the linked bank account for the availability of funds. The order gets executed.

2. Stock Settlement

After completing the buy order, it will take t+2 days for settlement of securities to be credited in the Demat account automatically.

3. Reporting

All transactions in NRE or NRO PIS Account are reported to RBI by the Yes securities.

Similarly, when you place a sell order, the bank account is credited with money and the Demat account is debited with shares.


Yes Securities NRI Trading Account Charges

Yes Securities NRI brokerage charges for trading in Equity and Equity Derivatives.

TransactionFee
NRI Account Opening Charges
NRI Account AMC₹0
Equity Delivery Brokerage
Equity Future Brokerage₹100 per contact
Equity Options Brokerage₹100 per contact
Other Charges

Yes Securities NRI Trading Software Review

Yes Securities offers following free online trading software to NRI investors:

  1. Yes Invest (Online Trading Website)
  2. Yes Trader (Mobile Trading App)

Yes Invest (Online Trading Website)

 

Yes Invest Demo

 

Yes Trader (Mobile Trading App)

 

Yes Bank Mobile Trading App

 


Yes Securities Investment Options

The investment options available to an NRI at Yes Securities.

Investment OptionStatus
StocksYes
Mutual FundsYes
IPOYes
Others

Yes Securities NRI Account Opening Process

How to open Yes Bank NRI account?

NRIs are permitted to invest in Shares, NCDs, Mutual Funds and IPOs in India. The NRIs has to invest under the PIS on repatriation and non-repatriation basis. Yes bank is authorized by RBI to provide PIS permission to NRIs to transact in the Indian stock market

NRIs can open NRE or NRO account with Yes bank at zero minimum balance.

To trade in India, an NRI need following 3 accounts:

  1. NRI PIS Bank Account,
  2. NRI Trading Account
  3. NRI Demat Account

The process to open an NRI account with Yes Bank

  1. Download the NRI Bank Account Opening Form and PIS Application Form from Yes bank's website.
  2. Fill the form, sign it and affix the photographs wherever required.
  3. Attach the copies of documents as mentioned below along with a cheque of Rs 10,000 or more from your account in India or overseas. The photocopies of documents have to be attested by Indian Embassy/Notary/YES BANK officials/Yourself (Self-attestation)/Your Banker.
  4. Add your family member as a mandate holder to the account by filling the mandate form.
  5. Send the form along with documents and cheque to Yes bank branch.
  6. The representative from Yes securities will contact you for the verifications of the documents. You have to mention your location correctly (India or overseas) so the representative can plan it accordingly.

Documents required for account opening:

For Account Opening At Bank:

  • Photocopy of the relevant pages of your passport showing your details, address, photograph, and signature
  • Photocopy of Valid VISA/ IKAMA(GCC) / Overseas Citizen of India card - Permanent Residency Card issued by USA and Singapore can be accepted in lieu of Visa
  • Overseas Address Proof
  • Indian Address Proof- ( when Indian address is selected as communication address)
  • Identity Proof (PIO Card Voter's ID card/Valid Driving License/Valid Passport/ Photocopy of Bank statement or passbook of an NRI account/Overseas Citizen of India card/ Valid Photo ID Cards)

For Account Opening Outside:

  • Copies of required documents duly attested by the High Commission or Indian Embassy or Bankers verification.

    OR

  • Self-attested copies of documents and anyone additional identity proof.

Note:

  • If you want to trade in derivatives, you will need an NRO account.
  • NRIs cannot trade in commodities, currency, and equity intraday.
  • Map your NRI trading, demat account and savings bank account to trade and invest efficiently.
  • Yes bank online login for NRI account helps them access the account any time and from anywhere.

Yes Securities Key Features

FeatureStatus
3-in-1 AccountYes
Free Research and TipsYes
Automated TradingNo
Other Features

Yes Securities NRI Mutual Fund

NRIs can purchase, hold, switch and redeem mutual funds online at any time with Yes Bank. The dividend/interest earned is credited automatically to linked NRI Bank account.

Note:

  • An NRI needs a Demat account to hold the mutual fund units electronically.
  • Yes securities provide mutual fund recommendation tips for resident and non-resident investors.

Yes Securities NRI Customer Care

Yes Securities NRI Support Desk contact information. Find Yes Securities NRI contact number.

Yes Securities NRI HelplineNumber
Yes Securities NRI Customer Care Number+91 22 7112 3123
Yes Securities NRI Customer Care Email IDcustomer.service@ysil.in

Yes Securities NRI Trading Account Advantages

  • Offers NRI 3-in-1 account. Open all the three accounts at one shot.
  • Provide free research tips and recommendations to all the customers including NRI.
  • Dedicated relationship manager
  • Earn 6% per annum interest on savings bank account balance.

Yes Securities NRI Trading Account Disadvantages

  • Charges higher brokerage in comparison to the discount brokers.
  • Yes securities don't offer trading terminal and automated trading facility.
  • Doesn't have a 24/7 customer support desk.
  • NRIs cannot place GTC (Good Till Cancelled) order and AMO (After Market Order).

Conclusion

Yes Bank is a full-service broker offering 3-in-1 NRI account for convenient online investing in India Stock Market. Online banking, trading and demat account make transactions easy for NRI customers. The broker also provides free research tips for stocks and mutual funds. Yes Bank NRI Investment account is recommended for Casual Investors who are ready to pay a higher brokerage for convenience.


Frequently Asked Questions

  1. 1. How can I transfer funds from Non-PIS to PIS account in Yes Bank?

    NRIs can transfer funds from the NRI Bank Account to PIS account through internet banking. When the NRI transfers money from the NRI account to PIS bank account, the bank informs the broker about the funds available for trading. Then, the broker updates the NRI trading account with the available limits. When you place buy request, the money is debited from the Trading account automatically.

    Discuss this question

  2. 2. Can I open NRI Bank Account with other bank and link it to NRI trading and Demat account with Yes Securities?

    NRIs need Trading, Demat and Bank Account to trade/invest in India. Technically all these 3 accounts can be opened with different organizations. But this results in operational challenges.

    It is recommended to open all 3 or at least 2 accounts (trading and demat account) with one broker/bank.

    The most convenient way is to open 3-in-1 account with a bank which includes all 3 accounts. These accounts are integrated well to offer a seamless trading experience to NRIs. But the brokerages charged by the 3-in-1 account are very high.

    For frequent traders, it is recommended to open trading and demat account with a discount stock broker (i.e. Zerodha, ProStocks) and bank account with any bank (i.e. HDFC, ICICI). This reduces the cost of trading.

    Discuss this question

  3. 3. Is there any minimum amount required to open a Yes Bank NRE savings account?

    Yes the bank asks for a minimum balance of Rs 10,000 for opening the NRE Non-PIS Bank Account. There is no minimum balance required for NRE PIS Account.

    Discuss this question

  4. 4. What are the benefits of investing in the mutual fund for NRIs?

    India is one of the fastest-growing economies. Here are the benefits to NRIs for investing from abroad.

    • Online Mutual Funds

      NRI can invest and manage mutual funds online from anywhere across the world. They can buy, sell, redeem, and switch mutual fund schemes independently without any restrictions.

    • Rupee Appreciation Advantage

      When rupee value increases as compared to the resident country's currency, NRIs will receive adequate profit by currency conversion.

    • Professional Handling

      Mutual funds are handled by a team of professionals. NRIs can invest in mutual funds for long-term capital appreciation and choose the scheme accordingly.

    Discuss this question

  5. 5. Can NRI open NRE account in any currency?

    Yes, NRIs are allowed to open NRE Bank Account in any currency which can be converted to Rupees. They can invest in equity delivery options through this account. Both the interest and principal amounts are fully-repatriable in the NRE account.

    Discuss this question

Contact Yes Securities / Request Call Back

Leave your contact information and we will get in touch with you....

Name:Phone
EmailCity
State
Are you a day trader?

Yes Securities Competitors Review

Information on this page was last updated on Wednesday, November 20, 2019


Comments

No comments found. Be the first to post a comment.

Enquire Yes Securities Trading Account:

Name:Phone:
Email:City:
State:
Are you a day trader?






Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App