NRI Demat Account: Open NRI Trading Account Online

Why Open NRI Demat Account with Choice

Low Brokerage

Low brokerage charges; as less as 2 Paisa*

Free Call for Trade Facility

Our customers can opt to execute trade over the phone free of cost.

Earn More from Referrals

A rewarding referral program that can contribute to a lifetime source of earning.

Why Choice?

Expert Research Team

A dedicated research team that provides Technical and Fundamental Research at no extra cost.

Customer
Support

An excellent support team that guides you at every step available via phone and emails and branch offices.

Local
Offices

We have 95+ local offices available across the country at your service.

25+ Years of
Experience

A trusted name in the broking industry backed by 25+ years of experience in the finance domain.

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Open a Low Brokerage NRI Demat Account

Brokerage is charged on a percentage basis for Intraday, Delivery and Futures while the brokerage for Options is calculated on the basis of a flat fee.

Equity

Delivery 0.20%
Intraday 0.02%
Futures 0.02%
Options ₹ 25 per Lot

Currency

Futures 0.02%
Options ₹ 20 per Lot

Commodity

Futures 0.02%
Options ₹ 50 per Lot

Open a Paperless NRI Demat Account

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NRI Demat Account Opening Process

A trusted name

Fill in the required details and upload the relevant documents along with a passport size photograph.

In-Person Verification

Complete the In-person verification (IPV).

Registration Complete

Your Demat Account opening is successful with Choice.

Courier POA

Courier us the signed copy of the Power of Attorney (POA) sent on your registered Email ID.

What Is An NRI Demat Account?

Simply put, NRIs are the Indians who are currently residing abroad (outside of India). With Choice, NRIs (Non-Resident Indians) who want to invest in Indian Equity Markets can open a Demat Account for NRI. By following our simple account opening procedure the NRIs can venture into shares, bonds, and debentures of various Indian companies. The most accurate definition of NRI is given by FEMA (Foreign Exchange Management Act): NRI is referred to as an individual who is -

An Indian citizen or a person of Indian Origin who lives in a foreign country for employment, business, or other reasons.
An Indian Citizen who has lived in India for less than 182 days during the preceding financial year is also referred to as an NRI.

The procedure of opening a Demat Account for NRIs is quite similar to that of opening a regular Demat Account. The only difference is that an NRI needs to declare his/her NRI residence status and then choose the appropriate subtype of the NRI Demat Account.

Who is Considered An NRI?

An NRI (Non-Resident Indian) is an Indian citizen who resides outside India for employment, business, education, or other purposes. According to the Foreign Exchange Management Act (FEMA), an individual qualifies as an NRI when they:

Reside outside India for professional, educational, or business purposes
Have spent less than 182 days in India during the preceding financial year
Maintain a permanent or temporary residence status in a foreign country

For NRI investors looking to open a Demat account in India, understanding your residential status is crucial for complying with regulatory requirements and accessing investment opportunities. Choice offers tailored solutions that simplify your investment journey.

What is an NRO Demat Account?

An NRO (Non-Resident Ordinary) Demat Account is a specialized account designed for NRIs to manage their Indian financial assets. This account provides a comprehensive platform to:

Hold and trade securities acquired through local Indian earnings
Manage investments from income sources within India
Maintain rupee-denominated investments while residing abroad

The NRO Demat Account provides a convenient way for NRIs to keep their Indian financial investments organized and accessible, ensuring compliance with Indian regulatory guidelines.

NRIs can invest in What Securities With NRI Trading Account?

NRI trading accounts offer a diverse range of investment opportunities within the Indian financial ecosystem:

Equity shares of listed Indian companies
Mutual funds (except certain debt-oriented schemes)
Government bonds and treasury instruments
Initial Public Offerings (IPOs)
Exchange-Traded Funds (ETFs)
Derivative instruments including futures and options
Corporate bonds and non-convertible debentures

Each investment type involves specific regulatory guidelines. Choice provides expert guidance to help NRIs navigate these opportunities effectively.

How To Open An NRI Account

Many of the NRI investors are confused about how to open an NRI Demat account online. With Choice India, NRIs can now open an account online with KYC documents. There are additional documents that are necessary for the fulfillment of the account opening process:

Below are the easy steps to open an NRI Demat account:

To open an NRI Account with us, you can register online on our website. Individual Demat account is a fairly simple one and the name itself is explanatory. It is a Demat account dedicated to an individual who operates it themselves.

You can also download our Choice FinX App ( Android & iOS) and Sign Up via your smartphone.

It is advisable to download the app since signing up will require you the upload your latest photo, which can be easily clicked from the camera of your phone.

If your documents are up-to-date, it will take you about 5 minutes to Sign Up.

Once you upload all the necessary documents they are up for verification.

Upon the successful verification of the documents, you will have successfully opened an NRI Demat Account online.

What Are the NRI Demat Account Opening Charges?

NRI Account Opening Fee

Various brokers have different fee structures for opening a Demat account for NRIs. If you choose the right broker, you can open your account. Choice India offers its NRI clients to open an NRI account. We charge no opening charges for our NRI clients

Annual Maintenance Fee

The Annual Maintenance fee is charged for the general maintenance of the Demat Account for NRIs and for keeping it functional. At Choice, we offer our customers a One-year free AMC on a demat account.

Category	Type	Charges
Equity	Delivery	0.20%
	Intraday	0.02%
	Futures	0.02%
	Options	₹ 25 per Lot
Currency	Futures	0.02%
	Options	₹ 20 per Lot
Commodity	Futures	0.02%
	Options	₹ 50 per Lot

Demat Account NRI Benefits

Investing in the Indian Stock Markets while you are abroad is advantageous. Demat account opening online for an NRI with us comes with benefits like:

1. Financial Planning

We have expertise in the financial planning of the funds of our NRI clients. Our financial plans are designed to create and maintain healthy portfolios for our NRI clients.

2. Client Specific

Every NRI individual has a specific financial goal. We work closely with them and provide them with our client-specific, customized services.

3. Holistic Approach

Our holistic approach includes everything from financial product curation, financial trend forecasting, portfolio management, and tax planning for our NRI clients.

4. Diversity of Disciplines

We use our expertise in diverse areas and coordinate all the factors together to protect our NRI clients' investments and try for high returns.

5. Specialization

Choice has mastery in portfolio management of NRI accounts. Over the years, we have garnered a loyal customer base because of our client-centric approach.

Documents Required to Open A NRI Demat Account

Below is the comprehensive list of documents required to open the Demat Account for NRIs:

1. Current Residential Status

2. For Indian Passport Holders

Valid Passport
Valid Visa - Work/Student/Employment/Resident Permit
Document Proof showing Place of Birth as India

3. For Foreign Passport Holders

Valid Passport
'India’ as a Place of Birth in the Foreign Passport
PIO / OCI Card , Proof of Identity (POI) [Driving license]
Proof of Address (POA) [Passport]
Overseas Address Proof
PAN Card
The PIS Permission Letter from the RBI
Proof of Bank Account [Canceled Cheque]
Proof of Income (For trading in derivatives) [Copy of ITR Acknowledgement]
Proof of Bank Accounts & Depository Accounts
Passport-size photographs of the NRI Investor

Procedure To Open An NRI Demat Account

With us, individuals can open an NRI Demat Account online. Before beginning the account opening process you must have the necessary documents with you. Then one can take the following simple steps -

An NRI needs to sign up for an account opening request with us.
An NRI is required to provide KYC Documentation according to the Ministry of Home Affairs list.
We then verify the opening form and KYC Documents.
The request is then processed and then you get to hold your NRI Demat account online.

FAQs

Yes. NRIs can open a trading account in India through authorised brokers like Choice, subject to regulatory compliance and documentation requirements.

Choice provides end-to-end NRI trading account services, offering a streamlined online process for comprehensive investment management.

NRIs are typically allowed to have multiple trading accounts, but it's essential to ensure each account complies with regulatory guidelines and comprehensive documentation.

NRIs can participate in intraday trading through their NRI trading account, following the same regulations as resident Indian traders.

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