Demat Account for NRIs

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Demat account for nris
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Introduction

• No matter where you reside you will need a demat
  account for trading in India. In this piece we
  will learn all about demat account for NRI. An
  NRI is an Indian living outside of India. Like
  everyone, even an NRI can trade and buy stocks.
• All the NRI trading is regulated by FEMA.
• Like every other demat account a demat account of
  an NRI holds securities like bonds, ETFs, stocks,
  etc. The Indian Stock Market attracts investors
  from all around the world. Hence the NRI demat
  account facilitates trading for people living
  outside the country.
• Such people who want to create wealth by
  investing in the Indian stock market must have a
  demat account. So now we know why an NRI demat
  account is necessary let us learn how to open NRI
  demat account online.

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Process of opening

• Nowadays you can easily find the best demat
  account for NRI in India. You can open a demat
  account with any of the brokers who are
  registered with NSDL or CSDL and offers NRI demat
  options. RBI has guidelines for NRI investments
  in India. According to the regulations NRI can
  hold up to 5 of paid-up capital in an Indian
  company. If the individual already has a demat
  account before leaving the country, they can
  convert the existing account into NRO. All the
  previous holdings will be transferred to the new
  NRO account.

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Documents required

• Account opening form filled with mandatory
  details
• Portfolio Investment Scheme letter of approval
  issued by RBI
• Passport-sized photographs with signatures on it
• Copies of the PAN card of the account holder
• Address details of the residing country
• Signature and photograph of the nominee
• A copy of Visa
• Copy of FEMA declaration
• Canceled check leaf of NRE/NRO account

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Conclusion

• If you are an NRI looking for investment options
  in the Indian stock market you must open a demat
  account first. Like any other regular demat
  account an NRI can invest in the stock market
  with NRI demat account under similar rules and
  guidelines.

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