As per FEMA regulations an individual who stays outside India for more than 180 days in a financial year is an NRI – Non Resident Indian.
An NRI can open NRE or NRO or both the trading accounts as per the requirement.
Note: NRI from US, Canada, Bangladesh and Pakistan cannot open NRI Trading and Demat Account in India.

As a Non-Resident Indian (NRI) you can open your demat & trading account by linking your Non-Resident Ordinary (NRO) or Non-Resident External (NRE) savings bank account and providing the below mentioned documents:

• Equity Form of MOFSL
• PAN Card
• PIS letter from the bank for NRE/NRO account
• Valid Passport or PIO/OCI Card
• Visa Copy / Resident Card
• Indian Address Proof (optional)
• Overseas Address Proof (Bank Statement / Driving License / Electricity Bill / Telephone bill)
• Latest Immigration Copy (within 6 month of last visit to India)

• Equity Form of MOFSL
• PAN Card
• PIS letter from the bank for NRE/NRO account
• Valid Passport or PIO/OCI Card
• Visa Copy / Resident Card
• Indian Address Proof (optional)
• Overseas Address Proof (Bank Statement / Driving License / Electricity Bill / Telephone bill)
• Latest Immigration Copy (within 6 month of last visit to India)

In case of foreign passport, where place of birth is not India, then PIO/OCI card or PIO declaration needs to be submitted in place of the passport.

• NRI can either open an NRE or NRO savings account with any of our partner banks to invest in the stock markets through MOFSL.
• However if you wish to trade in F&O you can only link an NRO account.

Non-resident External Account (NRE):

• In NRE account, an NRI can repatriate both the principal and the gains made. NRI can transfer foreign currency from the foreign bank account and it automatically gets converted into INR on reaching the NRE account.
• Funds in the NRE account can be converted into foreign currency and can be transferred back to the foreign bank account along with the interest earned.

Non-resident Ordinary Account (NRO):

• Non-resident Ordinary Account (NRO) is a bank account in which repatriation of up to only $1 Mn is allowed. One cannot transfer money from NRO account to NRE account. If you wish to trade in futures and options, it is mandatory to link NRO account only.

Portfolio Investment Scheme (PIS) is a scheme introduced by Reserve Bank of India through which NRIs can buy or sell Indian stocks.
While opening an NRI account (NRE or NRO) with any bank, you will receive a PIS letter (also known as Welcome letter) from the bank which will contain a unique alpha numeric identification number under which bank reports your transaction to RBI as per guidelines.

To trade or invest in NRI Demat account through Motilal Oswal, you will have to open an NRI account with one of our partner banks viz. HDFC Bank, AXIS Bank, YES Bank & Kotak Mahindra Bank.
If you do not have an existing NRI account – we can help you with the process to open an NRI account with HDFC Bank.
In case you already have an NRI account with any bank other than our partner banks – you can proceed with Non-PIS NRI Account Opening.

As an NRI, you can trade in equities (stocks) only on Delivery basis. However you can trade intraday in Equity Futures and Options.
To trade in F&O, you will need to have a Custodian participant code with Orbis – we can assist you with getting one.
As an NRI you cannot trade in the below segments:

• Intraday Equity
• Commodity
• Currency

The account opening charges for an NRI trading and demat account is Rs. 999 which are FREE for a limited period as an introductory offer.
The brokerage and other charges include:

• Brokerage Charges: As applicable as per the Tariff sheet at the time of account opening
• Statutory charges like STT, Transaction charges, GST, SEBI Charges etc. will be applicable as per the prevailing rates decided by relevant authorities
• Annual Maintenance Charges of Rs. 999 per year

Yes, a joint account can be opened by the NRIs. The second holder can either be a Resident Indian or a Non-Resident Indian (NRI). KYC documents and other declarations will have to be submitted for both holders in the case of a joint account.

Power of Attorney (POA) is an agreement that allows your broker to debit your shares from your demat account whenever you sell your shares.
In absence of a signed POA, you can only place delivery sell instructions by using your CDSL TPIN and an OTP.

The dividends will be credited by your RTA in whichever account (NRE or NRO) that has been linked to your DEMAT account. In case the RTA is not in a position to credit your bank account, a cheque will be sent to your registered address.

Yes, NRIs can invest in IPOs.

Yes, NRIs can invest in mutual funds.

Yes, NRI/PIO can invest in other securities like:

1. Dated Government securities (other than bearer securities) or treasury bills
2. Units of domestic mutual funds
3. Bonds issued by a public sector undertaking (PSU) in India
4. Shares in Public Sector Enterprises being disinvested by the Government of India

Yes, NRIs are allowed to Invest in Exchange Traded Funds. NRI can invest in ETFs both on repatriation as well as non repatriation basis.

Yes, clients can have two separate trading accounts linked with separate NRE & NRO bank accounts.

Yes. It is the responsibility of the NRI to inform the change of status to the designated authorized dealer branch, through which the investor had made the investments in Portfolio Investment Scheme and the DP with whom he/she has opened the demat account. Subsequently, a new demat account in the resident status will have to be opened, securities should be transferred from the NRI demat account to resident account and then close the NRI demat account.

Yes, you can have multiple demat accounts with multiple brokers.

Attestation is only required if the NRI is not present in India or has not visited in India in the last 6 months from the date of account opening.