• Home
  • Nri Demat Account

Benefits of an NRI Demat Account With Choice

Dual Account Options

Dual Account Options

Choose between NRE & NRO demat accounts based on your repatriation needs.

30+ Years of Market Expertise

30+ Years of Market Expertise

Established track record with deep expertise in FEMA regulations and SEBI compliance.

Competitive Pricing

Competitive Pricing

Transparent NRI demat account charges with low brokerage and no hidden costs.

Multi-Platform Access

Multi-Platform Access

Advanced trading platform with a mobile-first design for seamless investing from anywhere.

Tax Optimization Support

Tax Optimization Support

Expert guidance on DTAA benefits and dual taxation compliance requirements.

Global Customer Support

Global Customer Support

Dedicated NRI relationship managers across multiple time zones to serve you better.

NRI Investment Options

Access a comprehensive range of investment products with your NRI trading account*:

Stocks

Stocks

Mutual Funds

Mutual Funds

IPOs

IPOs

Bonds

Bonds

Corporate FDs

Corporate FDs

NPS

NPS

F&O

F&O

MLD

MLD

PMS

PMS

AIF

AIF

What is an NRI Demat Account?

An NRI demat account is a specialized account that allows Non-Resident Indians to hold, trade, and manage securities in the Indian stock market. Unlike resident accounts, demat accounts for NRIs operate under specific FEMA (Foreign Exchange Management Act) regulations administered by RBI and trading guidelines governed by SEBI.

Core Features:
- Digital Securities Storage: Shares, bonds, and other securities held in electronic format, eliminating physical certificates
- Regulatory Compliance: Full adherence to FEMA, SEBI, and income tax regulations governing NRI investments
- Repatriation Framework: Structured approach to fund movement based on investment route and account type
- Tax Management: Integrated TDS calculation and capital gains reporting for dual taxation compliance

Types of NRI Demat Accounts

NRE Demat Account

NRE Demat Account

Allows you to invest with repatriable funds — freely move your principal and profits back to your country of residence.

NRO Demat Account

NRO Demat Account

Linked to your NRO savings account and allows investment with non-repatriable funds.

How to Open Demat Account for NRIs With Choice

Pick your NRE or NRO account and follow our 4‑step process

STEP 1

Complete Online Application

Fill the form with personal, financial, and overseas address details.

STEP 2

Document Submission

Submit all required documents for your NRI demat account.

STEP 3

Video-Based KYC Verification

Complete video KYC or visit our branch for verification during your visit to India.

STEP 4

Account Activation

Start investing in 7-10 working* days of document submission and receiving login credentials.

Eligibility Criteria & Documents for Opening NRI Demat Account

1. Indian citizen residing outside India for employment, business, education, or other valid purposes
2. Person of Indian Origin (PIO) holding a valid PIO card with Indian ancestry
3. Overseas Citizen of India (OCI) with a valid OCI card
4.Individual aged 18 years and above
5. Valid passport with current visa status
6. Functional overseas bank account

NRI Demat Account Charges & Taxation

Zero

Account Opening Fee

Zero

AMC for 1st Year

Zero

Auto Square-Off Charges

Lowest

Brokerage Charges

₹10

Depository Charges

Free

Call & Trade

RBI & SEBI Guidelines for NRI Demat Accounts

RBI Guidelines (Foreign Exchange Management)

Investment Limits:

  • No investment limit for NRE route investments
  • NRO route subject to overall foreign investment caps
  • Portfolio Investment Scheme (PIS) compliance for investments above ₹25 lakhs

Repatriation Guidelines:

  • NRE investments: Full repatriation allowed
  • NRO investments: Limited to USD 1 million per financial year
  • Capital gains repatriation is subject to tax compliance

SEBI Compliance Requirements

Know Your Customer (KYC):

  • Enhanced due diligence for NRI clients
  • Periodic KYC updates every 2 years
  • Beneficial ownership declarations

Reporting Obligations:

  • Annual reporting for investments above specified thresholds
  • Transaction reporting for large trades
  • Compliance with insider trading regulations

Market Access:

  • Full access to equity markets
  • Restricted access to commodity derivatives
  • Mutual fund investments permitted with certain conditions

Restrictions for NRI Investors

Investment limitations and prohibited securities

Prohibited Investments

  • Agricultural land and plantation properties
  • Real estate business (except through approved channels)
  • Commodity derivatives markets
  • Chit funds and Nidhi companies
  • Partnership firms and proprietorship businesses

Sectoral Investment Caps

  • Banking Sector: Individual limit of 10% of paid-up capital
  • Insurance Companies: Aggregate NRI limit of 49%
  • Telecom Sector: Subject to sectoral FDI limits
  • Defense Manufacturing: Restricted to specific categories

Trading Restrictions

  • Derivative Trading: Limited to hedging approved underlying positions
  • Margin Trading: Not permitted for NRI investors
  • Short Selling: Restricted to specific conditions and approvals

XX K+

Trusted NRI Clients

30+ Years

Domain Experience

SEBI Registered

Stock Broker

Choice's expertise in NRI regulations has been invaluable. Their understanding of DTAA optimization helped me save significantly on capital gains tax. The account opening was completed efficiently despite my location in Canada, and their research reports consistently provide actionable investment insights.

Rajesh Kumar

Rajesh Kumar

Physician, Toronto

Start Your India Investment Journey Today

FAQs on NRI Demat Account

Yes, Non-Resident Indians can open demat accounts in India through SEBI-registered brokers like Choice. NRIs need to choose between repatriable (NRE) and non-repatriable (NRO) account types based on their funding source and repatriation requirements.

Yes, NRIs can invest directly in Indian stocks through their NRI trading account. Investments are permitted on both delivery and intraday basis, subject to RBI and SEBI guidelines. Investment routes include Portfolio Investment Scheme (PIS) and Non-PIS routes, depending on investment amounts.

NRIs can trade in equity shares, debentures, mutual funds, government securities, and approved corporate bonds. Trading is allowed on both the NSE and the BSE exchanges. Derivative trading is permitted for hedging purposes with prior approval.

NRIs cannot invest in agricultural land, commodity derivatives, chit funds, partnership firms, and certain restricted sectors. Real estate investments are limited to specific categories and require separate approvals.

NRI investments are subject to Indian taxation. Capital gains tax applies: 15% for short-term and 10% for long-term gains above ₹1 lakh. However, Double Taxation Avoidance Agreements (DTAA) may provide tax benefits based on the country of residence.