How to Open NRI Account in Finvasia?

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Finvasia doesn't offer online account opening to NRIs. The NRIs have to fill the paper application form and send it to Finvasia office along with the supporting documents. It usually takes around 8 to 9 days for opening an NRI Demat and trading account after receiving documents. Here are the steps for Finvasia NRI account opening:

  1. Open an NRI Bank Account with Axis or Yes Bank.
  2. Request for PIS permission with the help of designated bank (Yes or Axis bank) for investing on repatriation basis.
  3. Download the application form PDF and Print it.
  4. Fill the form and sign it.
  5. Get notarized all the supporting documents.
  6. Scan the filled form and supporting documents and email them to Finvasia.
  7. Get confirmation from Finvaisa that the forms are filled correctly.
  8. Send the physical application form along with all the supporting documents to Finvasia office in India.
  9. You will get an email confirmation once the account is opened.

Note:

  • NRIs can open NRE/NRO account under PIS with Axis and Yes bank only.
  • Finvasia allows NRE/NRO account under non-PIS with Axis, Yes, HDFC, ICICI and PNB bank.
  • NRIs are not permitted to trade in Equity Intraday, and Commodities.
  • NRIs are not required to open a custodial account with 3rd party as Finvasia has its own clearing house to settle the Equity F&O trades for NRIs.



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