Update NRI Demat Account Opening- Trading Process And Rules For NRI Accounts?

How to open an account as a NRI?:

A Non-Resident Indian can open a Demat & Trading account with Zerodha by linking his / her Non-Resident Ordinary (NRO) or Non Resident External (NRE) savings bank account. NRIs are not allowed to trade or currency markets in India

          As a Non-Resident, you could open an NRE & NRO account Only one account can be mapped to your Demat & Trading account. By mapping an NRE account, you can only trade in the Equity segment, through an NRO account, you could trade in both Equity & Derivative segment.

Required Documents:

 if you want to open NRI Demat account with zerodha,there are various documents which are required to be opened while a Demat & Trading account with Zerodha, which are mentioned as below:

1. Copy of PIS permission letter:(A Portfolio Investment Scheme (PIS) permission letter from the Reserve Bank of India (RBI) is to be acquired before you can open a demat and trading account with a brokerage in India. The bank where you have opened an NRI / NRO account will help you get a PIS permission letter, after providing certain documents.
2. Copy of zerodha

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What are the charges for NRI accounts?

Ans-Account Opening Charges:The account opening charges for NRIs are the same as resident individual accounts, i.e. Rs. 300 for trading & DEMAT

Brokerage Charges:

(i) Rs. 100 per order for F & O; and

(ii) 0.1% OR Rs. 200 per executed order for equity (whichever is lower).

Are there any trading restrictions for NRIs?

Ans-NRIs can trade only on delivery based equity and options .Intraday trading on equity / stocks is not allowed Currency or commodity trading is not allowed either

Frequently Asked Questions:

• Can NRIs open a joint DEMAT account?

Ans-Yes, NRIs can open a joint account.

The PIS account and the trading account will be in the first account holders name. The second holder should also be an NRI and should submit the KYC documents along with FEMA declarations and the FATCA.

• Can a NRI do Intraday trades or commodity trading?

Ans-No, NRIs are not allowed to make intraday trades or trade in MCX commodity futures

यह भी पढ़े:

म्यूच्यूअल फण्ड क्या है? Mutual Fund in Hindi

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