Opening of demat account / trading account frm outside india

Secondary Mkt 393 views 2 replies

Dhiraj kumar

Employed

427 Points Joined June 2012

Dear Knowledgeholder, I have a query regarding procedure for opening of a demat account in India from outside India in any Indian Bank. Please tell me whether it can be done online or does it need physical presence. Person needing demat account have an account in an nationalised bank too and he is Indian resident but currently residing out of India. Thanks a lot for your valueable suggestion(s) / comment(s) or idea(s) and for the time you took to reply my query. With Regards Dhiraj Kumar

Replies (2)

Aakash Shah (Stallions ERP)

Co-founder at Stallions ERP

41 Points Joined November 2013

Hi,

Any one can open a Demat account for trading in shares listed on Foreign Stock Exchanges. You can do it through Indian Nationalized or Private Sector banks also. But, as per FATCA and Indian RBI norms, you cannot invest more than $ 200,000 in a financial year.

Hope this helps !!!

Thanks and Regards,

CA Aakash Shah

Co-founder, Stallions ERP (www.stallionserp.in)

Prabhu Kumar

11 Points Joined October 2022

Let's take a closer look at how to open a Demat account online. Follow the steps for convenience.

Step 1: Fill out the online form to register a free Demat account with Share India or IIFL Securities. Complete and submit the Demat Account Opening Form with the necessary information:

Step 2: A One-Time OTP Will Be Sent to You
You will get a One Time OTP after entering your information at the beginning before continuing.

Step 3: Submit the Documents Needed to Open a Demat Account:
Share your banking information and PAN card.

Step 4: Complete the electronic KYC procedure, digitally authenticate your KYC data, and obtain your open free demat account.

open demat account with Share India :-

https://www.shareindia.com/open-demat-account