How to Open NRI Demat Account

I am writing this post in order to help Non Resident Indians (NRI) in opening Demat Account. If you are reading this post and you are NRI you would definitely be benefiting from this post. If you are an NRI and showing interest to invest in Indian Share Market then you can open Demat Account from india directly from the country currently you are residing at. Don't bother, you no need to come to India to open Demat Account and Trading account in India to invest in Indian Share Market. Just select any one of the Indian stock Broker who offers NRI Demat Account and call them (or) send E-mail asking to send you the Demat account Application form to your current address. There are many broking companies available in India who offers Online NRI Demat Account. Some of the companies are ICICI Direct Ltd, HDFC Investments Ltd, Indiabulls Securities Ltd, Sharekhan Investments ltd. Select your broker very carefully. Some brokers charge you less brokerage and some charge you more. So before opening Demat account with particular Broking company you should confirm their brokerage charges and compare with other Broking companies. Select one best broker who provides you best service and cheap brokerage. When they are sending you the Application don't forget to ask them to mark with the pencil at areas where all you have to put your signature. Practice your signature perfectly. You have to put more than 40 signatures. Be ready with all the necessary documents required to open NRI Demat Account and Trading Account before application form reach your address. If you dont have any idea about necessary documents please read this bellow post.

Documents Required To Open NRI Demat Account and Trading Account

After getting application to your address fill it correctly with out any mistakes. You should fill the Application very carefully as you have no option to change the application immediatly upon mistakes. If you do any mistake then you should ask them to send one more application and wait till it reach you. For your benifit ask your broker if he can send you 2 applications at atime. so that you can change to another one immediately if you get mistakes. Sign at all the places where your broker marked to sign or where all required. Dont leave atleast one with out signing. It may leads to rejection of your application. Remember you should use the same signature for future transactions and requests. So youngsters should practice perfect signature. Stick your photo and sign on it if required. Note down your application Number. It may be useful to track your application status. Send the filled application to your Broking office. Wait for 15 to 20 days to get your Demat and Trading Accounts delivered at your address. Be cool and start Trading.