How to open NRI Demat account?

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An NRI Demat account can be opened by approaching any bank, stockbroker, or depository participant (DP).

An NRI is required to fill in the Demat account opening form and submit/send it to the respective office along with the below documents and account opening fees.

  1. Filled account opening form signed by all the holders.
  2. PIS permission letter from the bank (issued by RBI).
  3. Photographs of all the holders with signatures across the photo.
  4. PAN Card copy for all holders.
  5. Overseas address proof for all the holders.
  6. Cancelled cheque of the linked NRE/NRO Bank account specified in the form.
  7. Photograph and signature of the nominee (for nomination facility).

The documents submitted should be self-attested and notarized by an Indian embassy or any other competent authority. Kindly note that the above documents are a generic list for reference and the actual requirement may differ a bit based on the broker, bank, or DP.


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