We are only conducting Seminars to make Professional Traders. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

How NRIs Can Open Demat Account?

We keep on getting numerous calls from NRIs that how they can trade in Indian share market and in this series we will like to address the first key issue which is the opening of the demat account and procedure is as appended below:

NRIs can open a demat account with any Depository Participant in India. NRI’s needs to mention the type (‘NRI’ as compared to ‘Resident’) and the sub-type (‘Repatriable’ or ‘Non- Repatriable’) in the account opening form. The salient features of demat account for NRIs is as following:

  • No permission is required from RBI to open a demat account. Holding securities in demat only constitutes change in form and does not need any special permission.
  • NRI must open separate demat accounts for holding ‘repatriable’ and ‘non-repatriable’ securities.
  • NRIs can hold joint demat accounts. For the purpose of determining ownership of holding, the first holder is taken into account. Hence, even though other joint holders may be person residing in India, the sale proceeds of such securities can be repatriated in case the first holder is permitted to repatriate funds.
Please go through all the below related posts given under this post related to NRIs and you will be all set for trading in Indian stock market. Also remember to check the procedure for opening NRI trading account here

Most Visited Stocks - Click to Visit Link

We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9