NRI Trading Account Opening Documents are necessary for you to arrange when you look to open a trading account in India if you are an NRI i.e. a non-resident Indian. While the opening of an NRI Demat Account is easier than never before, there are still certain requirements that need to be fulfilled.
Once you have these documents, your NRI trading account will be up and running and there is nothing else you would require.
NRI Trading Account Opening Documents List
The following are the NRI Trading account opening documents that you would require when you wish to open a trading account in India. These documents are mostly needed in the form of photocopies. The number of copies that are needed can vary based on the institution in which you are opening the account.
Having said that, the executive may ask to produce the original document in case of any inconsistency or verification requirement. Here is a quick look at the different documents needed:
Photocopies of the PAN card.
Passport size photographs (usually between 2 to 4 photographs are required).
Passport copies: The photocopies should include the VISA page and the address page. The VISA of the person should not be expiring within 6 months.
If the place of birth is outside of India and the person holds a foreign passport, they need a photocopy of the OCI or PIO card.
Copies of the proof of foreign address. This can include photocopies of driving licenses, passport, bills, bank statements, rent agreements, sales agreements, etc. In the case of utility bills or bank statements, the record should not be older than two months. In the case of rent agreements, the photocopies should be notarized.
Copies of the proof of Indian address.
One Cheque (cancelled) of the savings account of the NRI. This account can be an NRE or NRO savings account.
The NRO trading account opening documents aren’t too many. The account opening process is pretty straight-forward. Since RBI has facilitates the NRI Securities investment in India, NRIs should make full use of the same.
If you have any queries in regards to NRI trading account opening documents, we will be happy to assist you 24×7.
Furthermore, if you are looking to open an NRI account for stock market trading, let us assist you in taking the next steps ahead. Just fill in a few basic details to get started:
If you wish to learn more about NRI Trading, here are a few references: