Unlimited Trading @ Rs 899 per month - Prostocks

What are the documents required to open a NRI trading account?


Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

Are you a day trader?

Following are the document needed to open the NRI Trading Account. Please note that this list is just for reference. Your broker will provide you the actual list at the time of account opening.

  1. Document about your current Status:
    • In case of Indian passport:
      • Valid passport and
      • Place of birth as India and
      • Valid Visa - Work/Student/employment/resident permit etc.
    • In case of foreign passport: Valid passport and any of the following:
      • Place of Birth as India in foreign passport or
      • Copy of PIO / OCI Card
  2. The PIS Permission Letter from the respective designated bank.
  3. The PIS FEMA NRE/NRO bank accounts cancelled check leaf.
  4. PAN Card.
  5. Overseas Address Proof - Driving License/ Foreign passport /Utility Bills/Bank statement (not more than 2 months old)/Notarized copy of rent agreement/ leave & license agreement/ Sale deed.
  6. Photograph of Investor.
  7. Proof of respective bank accounts & depository accounts.
  8. Account opening fee check + Demat Account Opening Fee check.
  9. Duly signed account opening forms.

Ask Your Question

Find more questions on this topic

  1. What all trading segments are available for share trading to the NRI's in India?
  2. What all investment instruments are available for NRI or PIO Card Holders in India?
  3. Can NRI apply in IPO, FPO or other public issues?
  4. Can NRI trade in currency derivatives?
  5. Why intra-day trading is not available for NRI in India?
  6. How much brokerage does Zerodha charges to NRI account holders?
  7. What are ICICI NRI account brokerage charges?
  8. Why does broker charges higher brokerage for NRI trading account?
  9. Can I transfer the shares I bought through the PIS route as NRI to another demat account?
  10. How does money get transferred between my Trading Account and my NRI Bank Account?
  11. Can PIO (Person of Indian Origin) and OCI (Overseas Citizen of India) invest in the India Share Market?
  12. In case a person who is resident in India becomes a non-resident, will he be required to change the status of his holding from Resident to Non-Resident?
  13. In case a non-resident Indian becomes a resident in India or vice versa, will he/she be required to open a new trading account?
  14. Is there an easy way around to avoid the complexity of NRI Trading Account opening and handling?
  15. I have trading account in india whom I don't like I moved to abroad and become NRI,I was thinking of converting my trading acc into NRI bcz of complexity of NRI trading ac, I decided to open a regular trading ac in India will there be any problem?
  16. I was using an ICICIDirect Trading and Demat account when I was resident Indian. My status is now changed to NRI and I wish to open it with discount broker. Can I transfer my existing holdings to the new broker?
  17. What are the negatives of operating the resident trading and demat account instead of NRI?
  18. Services offer to NRIs in India lead lot of charges I'm planning to open trading and demat Ac on my mother's name who lives in India while opening Ac, in bank Ac detail section can I put my NRI Ac no. while demat and trading will belong to my mother?
  19. What is an NRO and NRE Bank Account?
  20. What all documents are required for Custody Account?
  21. Does an NRI requires PIS permission to purchase shares in IPOs?
  22. Can NRI receive shares in inheritance?
Ask Your Question


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

Message Board

Stock Message Board

Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App