A Step-by-step Guide To Opening An NRI Demat Account In India

Looking to invest in equity shares, bonds, ETFs, mutual funds, etc. which are listed on the stock market? You need a Demat and Trading Account.

Here’s how to open one.

Getting started

Decide What kind of account suits your needs – NRE (Repatriable) or NRO (Non-Repatriable). Reach out to IDFC FIRST Bank to open an NRE PIS or NRO Settlement account or both.

Broker Selection

Choose any one of bank’s tie up broker to open demat and trading account. Take note of the charges involved.

Application

Complete your demat and trading account opening procedure with the broker that involves form filling and KYC submission.

Documentation

Submit relevant KYC documents for account opening like ID proof, overseas address proof, PAN Card, passport and bank account details etc.

To get you started, IDFC FIRST Bank provides you online option to open Portfolio Investment Scheme (PIS) account through mobile app and web

Once all your account is set up, you can invest in IPOs through IDFC FIRST Mobile app or web and trade in stocks through the broker’s account.