Home About Us Saving & Investments Insurance Infrastructure Services NRI Corner Downloads
    You are here: Home / NRI Corner / Procedure to Start Investing
NRI Corner
NRI Guide to Investing
Procedure to Start Investing
Guide To Nri Bank Account

Procedure to Start Investing

It is very simple to kick start your Investment in India.
  • Permanent Account Number-The most important document for any financial transaction in India is a Permanent Account Number (PAN) which is issued by Income Tax Department of India. It is a 10 digit number (quite similar to the Social Security number in USA or National Insurance Number in UK).

  • Once the client has a PAN, the next step is to open a Non Resident External (NRE) Bank account. NRE bank account provides the flexibility of repatriability without any restriction. In case the client does not want the flexibility of repatriation, they can opt for Non Resident Ordinary (NRO) bank account. For details read our Guide to NRI Bank accounts

  • A Portfolio Investment Scheme (PIS) account: According to the Foreign Exchange Management Act regulations, NRIs can make investment through stock markets under certain conditions. Portfolio investment is covered by general permission subject to following condition/provisions. For further details on PIS please read our FAQs on PIS.
  • DEMAT Account- To invest into Indian Stock markets, all investors are required to open a DEMAT account with a Depository Participant in India. Separate DEMAT accounts are required to be opened for repatriable and non-repatriable investments.

  • Brokering account- In order to invest into stocks, every investor is required to be registered with a registered Stock broker. Under the PIS scheme, all investments in stocks can only be performed through a stock broker registered with a stock exchange.

  • For any investments into mutual funds- a Know Your Customer (KYC) form is required to be filled for all mutual fund investments. KYC is a customer identification process. This could be in the form of verification of identity and address, financial status, occupation and such other personal information.
  Contact Us |  Legal Disclaimer |  Site map Designed & Developed by ARM Fintech Consultants (P) Ltd