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NRI Investment Services
Seamless stock market investments for Non-Resident Indians with comprehensive portfolio management under RBI guidelines
What is an NRI Account?
NRIs cannot use regular resident accounts for investing in Indian stock markets. Instead, they are required to open designated NRI accounts which fall under the Portfolio Investment Scheme (PIS) of the Reserve Bank of India (RBI).
NRI Bank Account Types
Choose the right account type for your investment needs
NRE Account
Non-Resident External
- Funded with foreign income
- Fully repatriable (send money abroad freely)
- Tax-free in India (interest and capital gains)
NRO Account
Non-Resident Ordinary
- Used for income earned in India
- Not fully repatriable
- Interest is taxable in India
Investment Process
Two distinct pathways based on your account type
NRE Investments
Open Portfolio Investment Scheme (PIS) Account with bank as add-on to Savings Bank account
All pay-ins and pay-outs through PIS account only with automatic RBI reporting
Bank handles PIS reporting and TDS deductions automatically
Partner Banks:
NRO Investments
PIS not mandatory - choose any bank of your choice
Transfer funds directly to SMC Global Securities
No RBI reporting required - investor responsible for tax filing
Flexibility: More banking options with simpler process but requires self-management of compliance
Available Investment Products
Diversified investment options to build your portfolio
Equities
Delivery Only
Derivatives
Futures & Options
Mutual Funds
Diversified Portfolio
Corporate FDs
Fixed Deposits
NRIs cannot invest/trade in Commodities and Currency Futures
Investment Restrictions
Trading Restrictions
No intraday trading allowed
Company Restrictions
Only listed shares, no unlisted companies
Ownership Limits
Must follow RBI ownership limits
Transparent Pricing
Simple and straightforward fee structure
Account Opening
One-time charges for trading and account setup
Demat AMC
First year completely free
Required Documents
All documents must be self-attested (1 set required)
Basic Documents
- PAN Card Copy
- Passport Copy
- OCI/PIO Card OR Visa/Resident Card
- Overseas Address Proof (DL, Bank Statement, Utility Bill)
- Passport Size Photograph
Additional Requirements
- Tax ID for overseas location
- Account opening cheque - ₹1,200 (NRE Account)
- Nomination ID Proof (PAN, Passport)
- PIS permission copy (NRE Account only)
- Immigration page of passport (within 2 months)
Important Note for Overseas Clients:
If client is not present in India, KYC documents must be certified by authorized officials from:
Ready to Start Your Investment Journey?
Open your NRI investment account today and access Indian financial markets with complete regulatory compliance
