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7. Vijay J Jan 05 2020 05:36:06 AM Reply

Hi, I''m an NRI living in USA. Recently, I heard I can invest in Indian equity through Non-PIS route. I have a NRO savings account with Yes bank. Which brokers/banks support equity investment for NRIs through non-PIS route? Please suggest. And also, please advise the steps

6. Premkumar Mar 25 2019 10:12:05 AM Reply

Hi,

I am an NRI living in the USA. I like to open a demat account to trade in stocks, FDs and MFs in Indian markets.
I have NRE and NRO accounts with ICICI and HDFC. Can you help me on this?

6.1. Kunal Mar 27 2019 11:46:10 AM

Yes, for NRO account with HDFC and ICICI, its very easy to open trading and demat account. Please follow the above steps and complete the process.

5. Shoyeb Mar 25 2019 10:14:07 AM Reply

Dear Sir,
I want to open an NRI trading account for trading in equity. What is the process for the same?

Thanks
Shoyeb

5.1. Sachin D Mar 27 2019 11:44:27 AM

Opening NRI or NRO trading account is bit complex process. This process is not online so you need to do all paperwork offline and submit the document to the broker. Please read complete article which clearly informs the steps you need to follow.

4. S. Venkat Mar 27 2019 09:51:58 AM Reply

Looking to open demat and stock trading account, jointly with my wife. We are both Singapore citizens with OCI, PAN cards and a joint NRE account with HDFC.

Please help advise process to get enrolled with your Upstox. Please also advise if brokerage charges and AMC for trading and demat accounts are same as for a local Indian.

4.1. Vijay Jain Mar 27 2019 11:38:41 AM

Hello Sir,
Upstox has stopped opening new NRI account for now, they are still serving existing NRI customers. Other options for you are Zerodha, Prostocks, TradePlus.

3. Bipin shah Dec 13 2018 05:57:17 AM Reply

I am born and educated in India but have been out of country since 1961. I am holding Canadian passport and recently obtained PAN CARD with Canadian address.
I have 10000 shares in a company trading on BSE. Shares were purchased from the promoter. I wish to sell shares. To do so, I have to demate shares as mandated by Indian govt. I seek you advice in selection of a bank who can handle all the process up to and including transfer of fund. Any other information, advice relevant to my case will most certainly will be appreciated.
Thank you for help.

3.1. Ankush Singh Dec 20 2018 11:52:04 AM

This can’t be done before opening your NRE Bank account, as you want to move fund back to Canada. So in your case –

Step1: To open an NRE bank account with any of the Indian banks in Canada.

Step2: Open and NRE Trading and Demat account. You can follow a list of documents and forms on our NRI Articles.

Step3: Submit dematerialization request for your physical shares.

Step4: Once you have Shares in your demat account, you can exit and get your money in NRE bank account.

Step5: You need to take care of taxation in India and Canada for such income.

2. Ashok Jun 21 2017 06:39:56 PM Reply

Dear Sir,

I am an Non Residence Indian and I am using NRO SB account for share investment ( Equity Delivery basis) but DP and trading account is not NRI Category and I have given normal Residence PAN CARD only.

But I just came to know that For NRI Separate Pan Card to be applied.

Kindly advice me.

Regards
Ashok

2.1. CA Sachin jain Dec 20 2018 11:51:46 AM

As you have NRO SB account, please contact your broker to move your resident trading account to NRI trading account. You just need to submit the required documentation to move your account.
There is no requirement for new PAN card - which you have mentioned as NRI PAN Card, You bank account status and Trading Account status must have to be NRI (NRE or NRO account).