Online Share Trading made simple for all NRIs

By: Mr J Rajesh 

Online Share Trading made simple for all NRIs

NRI’s
A Non Resident Indian (NRI) is an Indian citizen who has migrated to another country. Also known as Persons of Indian origin. These overseas citizenship holders can invest in stock markets of India. NRIs can invest in stock trading, mutual funds, derivative trading, investment advices, ESOP trading, IPO and Demat account. NRI’s can carry out paperless trading in Equity and Derivatives segments. To trade in India, NRIs should have the following details:

• Apply for a PAN (Personal Account Number) online, which you will receive in a week. 
• Bank account in India with portfolio investment scheme. 
• Demat account, which is used to buy or sell shares. 
• Online trading account with broker. 

The Online Trading Account and Demat Accounts are opened with some brokerage firms. 

Portfolio Investment Scheme: This scheme is necessary for all NRI citizens to invest in shares of Indian companies. 

Demat account: This is similar to a bank account, this account deals with buying & selling of stocks, which are maintained by Depository Participants. It converts all your existing paper shares into electronic form, which helps NRIs to trade online easily.

Broking (or Brokering?) Account: This account is opened with stock brokers, you are able to buy or sell shares or any financial instruments through them. 

Opening an Account
To open a PIS (Portfolio Investment Scheme) Account one should have
• Three passport size photographs, 
• Attested copy of applicable VISA copy / Work permit
• Attested copy of passport 
• Particulars of existing share holdings both in NRI status & resident status duly signed. 

Trading Process
Every Client will be provided with a login ID and password to trade online. By moving funds in his/her PIS account to the broker, the client can start the transaction. The same process is done in the selling of shares. The client gets all information about the share market news, fund transfers, trading software and other useful information. The client can get an update on the Broking (Brokering?) account by looking at ‘Accounts Statement’ on the broker’s trading website, which gives the details of Funds Transfers as well.

NRI’s Ideal Partner
Navia is a One-Stop-Shop for NRIs who are thinking about Investing in Indian Best Financial Services with suitable recommendations. They offer Trading Instructions for NRI payments such as IPO, MF, and payments of purchases as well as timings for payments. Navia provides the forms for the Application kit for online NRI trading. For any further queries on Online NRI Trading feel free to email nrihelpdesk@naviamarkets.com. 

Article Source: ABC Article Directory


Rajesh Assistant Vice President Navia Markets Financial Services Pvt Ltd Chennai-34 www.naviamarkets.com/