A demat account, short for “dematerialized account,” is like a digital vault for your stocks and securities. It holds them in electronic form instead of physical certificates. It makes buying, selling and transferring shares easier in the stock market, eliminating the need for paperwork. It is where your investments are stored and managed electronically. A trading account helps you in buying/selling of these securities.

NRIs can open NRE and NRO bank accounts in India. The differences between an NRE and NRO bank accounts are as follows:

A Portfolio Investment Scheme (PIS) account is a bank account that allows Non-Resident Indians (NRIs) to buy and sell shares and convertible debentures of Listed Indian companies on recognized stock exchanges on repatriable basis.

NRIs can get the PIS letter with the help of the bank where the NRE or NRO account is opened. RBI has authorised only designated branches of a bank to administer the PIS.

To open a Religare NRI demat & trading Account, NRIs must open a PIS account with any one of the following banks: Axis Bank, HDFC Bank, ICICI bank, IndusInd bank, Kotak Mahindra Bank and Yes Bank.

An NRI, PIO or OCI, mariner/seafarer can open an NRI Demat & Trading Account permitting Investment in Indian Securities and trading on Indian Stock Exchanges.

To open a Religare NRI demat & trading account, you need following:
● Valid Indian or overseas passport    
● Visa/ PIO or OCI card/ place of birth is India on foreign passport     
● Operative pan card
● Overseas address proof 
● TIN/FATCA proof 
● Photo
● Proof of NRE/NRO savings bank A/C 
● PIS Letter

NRIs need the following accounts to trade in India:

• Fill up the account opening form. (https://www.religareonline.com/wp-content/uploads/2024/09/AOF-01-09-2024.zip)
• In case you are in India, you may visit any of our branches with documents. Our team will assist you throughout in the account opening journey.
• In case you are in a foreign country, all KYC documents should be self-attested by you and also attested by any one of the following in the country of residence and courier the filled and attested documents to us for opening your account.

To apply for NRI demat & trading account, submitting proof of overseas address is mandatory. Indian address proof is required if Indian address is shared for correspondence.

Yes, NRIs are allowed to invest in futures & options segment of the exchange out of Rupee funds held in India on non repatriation basis, subject to the limits prescribed by SEBI

NRIs can trade in F&O through Religare NRO Trading account. To trade in F&O, NRIs need to open a custodial account and obtain a custodial participant (CP) code. Religare has partnered with Orbis to help NRI clients obtain a CP code.