NRI can open a demat account with any Depository Participant . The NRI needs to mention the type ('NRI' as compared to 'Resident') and the sub-type ('Repatriable' or 'Non-Repatriable') in the account opening form collected from the Depository Participant. No permission is required from RBI to open a demat account. Holding securities in demat only constitutes change in form and does not need any special permission. No special permission is required.

NRI/PIO can open a demat account with any Depository Participant [DP] of NSDL. The NRI/PIO needs to mention the type [???NRI' as compared to ???Resident'] and the sub-type [???Repatriable' or ???Non-Repatriable'] in the account opening form collected from the DP. No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated authorised dealers. No.

The easiest way of opening an account would be to contact the nearest branch of Bombay Mercantile Co-op. Bank who would gladly assist in fulfilling the required formalities and opening an account. If Bombay Mercantile Co-op. Bank branch is away, then following documents may be sent to the branch where account is desired to be opened :- Account may be introduced by an existing customer of the branch or may be verified by present banker or by Embassy Officials abroad.

Indian citizens who fall under the definition of NRIs described above are eligible to open an account.

NRI accounts (NRE/FCNR/NRO) are accounts held by offices in India . They are neither managed nor serviced by offices in USA . In order to open an account, the Account Opening Form duly filled in must be sent to a branch of your choice in India. To know a branch located in your city in India, please go to "branch locator" on the top left hand corner of the home page of the bank's Indian website www.sbi.co.

NRI/PIO can open only one PIS account with any designated banks in a prescribed format for PIS account, upon which the bank can issue a PIS approval letter to the investor.

Attested copy of the Passport Copy and Visa. Declaration in the prescribed format or PIS approval copy (Portfolio Investment Scheme by Authorised Bank) Savings Bank account has to be NRE/NRO as applicable. Please note that if PIS approval is not given / applied then the standing instructions will be "N". For any further clarifications on Non-Resident demat accounts please get in touch with our NRI cell at nricentre@hdfcbank.com.

Yes. For the purpose of determining ownership of holding, the first holder is taken into account. Hence, even though other joint holders may be persons resident in India, the sale proceeds of such securities can be repatriated in case the first holder is permitted to repatriate funds.

Yes, you can open 4 free Demat Accounts with your SuperSavings Account. We will waive the account opening charges for all 4 Demat Accounts. Plus, our charges on the Demat services are amongst the lowest in the industry. No. Apart from International Debit cum ATM Card, all other services come to you free of charge. These services have been introduced to make banking a convenient and a hassle-free option for you.

In the advanced countries, depository systems and services have played a significant role in not only facilitating smooth trading and settlement but also attracting foreign investment in the capital market. The depository system evolved by the National Securities Depositories Limited (NSDL) enables investors to overcome all problems related to handling physical certificates. NSDL is an organization formed to provide electronic depository facilities for securities traded.

Yes. You can open more than one demat account in identical names. There is no restriction on the number of demat accounts you can open with the same/other DP's.

Applying for Indian Income Tax Permanent account number (PAN) number is a precondition for a Demat account. To get your PAN number please visit www.incometaxindia.gov.in. Once you have your PAN number, please send the Application form for Demat accounts with a branch at the city of your choice. (Not all branches are authorized to open Demat accounts). To know if your branch is authorized, please contact your branch or contact the Nodal officer for NRI services of your branch.

When you attain non-resident status, you must re-designate your resident account to an NRO (Non-Resident Ordinary) account.

NRI account" is a popular connotation for Indian accounts opened for NRIs. The types of accounts that an NRI can open in India are NRE (Rupee Repatriable) FCNR (Dollar, Pound, Euro, Yens, Can dollars & Aus Dollars) & NRO (Rupee Non Repatriable). US residents may bear in mind that these account are not FDIC insured, the income may be subject to US Federal Income Tax and balances in excess of $10,000 may need to be reported annually to the the US Department of the Treasury.

RFC accounts can be opened by transfer of balances in FCNR deposits with banks in India. This also includes the maturity proceeds of the Resurgent India Bonds (RIBs). The account cannot be opened with funds from an Easy Rupee Account. However, once the RFC account is opened with eligible funds as above, the balances in the Easy Rupee Account of the depositor can be transferred into the RFC account.

Affix recent passport sized colored photograph for each account holder and sign across the photograph Attach photocopy of relevant pages of the passport with your name, address, photograph, signature, date of birth, date and place of issue, expiry date and stamp regarding your stay outside India Attach photocopy of Resident Visa / Work Permit / current visa or any other proof of Non-Resident Indian Status For documents mailed to ABN AMRO BANK, attestation on the photocopies of all the above docu.

In addition to the account opening form, please submit the following documents to open a Non-resident account [with one Address proof]: Affix recent passport sized colored photograph for each account holder and sign across the photograph Attach photocopy of relevant pages of the passport with your name, address, photograph, signature, date of birth, date and place of issue, expiry date and stamp regarding your stay outside India Document issued by an authority (School, College, Govt) OR passport.

NRI needs to apply for Portfolio Investment Scheme (PIS) and open a PIS-Non Resident External (NRE) account or PIS-Non-resident Ordinary (NRO) depending on the status of the NRI. To enable NRIs to do so, we will facilitate this through our tie up with UTI Bank. In addition, he/she has to also open a separate NRE/NRO Bank account, the power of attorney of which will be with us which will facilitate the Portfolio Manager to operate the PMS a/c on his/her behalf.