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- How to open an NRI trading and Demat account with Angel One?
- Open a PIS account with a designated bank associated with Angel One
- Following documents (duly filled and signed) are required for opening an NRI trading and Demat account
- Angel One KYC Department
- In-person verification (IPV)
According to the SEBI regulations for NRIs trading or investing in the stock market in India, one needs NRI Trading and Demat accounts. Read more about the Demat account for NRI and Trading account for NRIs.
How to open an NRI trading and Demat account with Angel One?
If you are an NRI, you can’t use the regular resident Trading and Demat accounts to invest. This article provides a detailed procedure for opening NRI accounts with Angel One.
Currently Angel One offers only offline mode for opening NRI demat and trading accounts. Steps to open NRI Trading and Demat account
Open a PIS account with a designated bank associated with Angel One
- Axis Bank Ltd.
- HDFC Bank Ltd.
- IDFC First Bank Ltd.
- IndusInd Bank Ltd.
- Yes Bank Ltd.
- Kotak Bank Ltd.
Following documents (duly filled and signed) are required for opening an NRI trading and Demat account
- (please check the for your reference), need to be duly filled in and signed.
- NRE PIS approval letter from a respective bank
- NRO Investment Proof (Special Securities account/ NRO special Account)
- NRE / NRO saving bank account proof (cancelled personalized cheque or latest statement)
- PIO / OCI card copy, if the place of birth is not India
- Passport arrival page copy (if client is in/visited India)
- Copy of PAN Card
- Immigration copy
- Passport and Visa (photo page and address page)
- Foreign address proof (any one of the following):
- Passport
- Driving License
- Utility Bill (electricity bill / gas bill / water bill – Not more than 2 months old)
- Original Bank Statement along with (Bank Verification Letter on Letterhead of Bank) copy
- Indian address proof (Anyone of the following)
- Passport
- Voter’s ID
- Utility Bill (electricity bill / gas bill / water bill – Not more than 2months old)
- Driving License
- Original Bank Statement along with BVL (Bank Verification Letter on Letterhead of Bank) copy
- Valid Leave and License Agreement / Purchase Agreement
- CDC document (If client is Seafarers)
- In case your residential status has changed from Individual to NRI, please follow the steps given here.
- NRI clients need to fill up the NRI Trading and Demat Account Opening Form and send the scan copy to the email id: hyd-kycnorth@angelbroking.com and support@angelone.in confirmed by the respective team, you need to send a duly signed filled form along with the required supporting documents to Angel One’s Hyderabad Office to open the Trading and Demat account at the address below.
Angel One KYC Department
Angel One Limited
Address: Osman Plaza 6-3-352,
2nd Floor, Road no – 1,Banjara Hills,
Hyderabad-500034
Telangana, India
In case of queries or to know the status of your account opening form, please mail us at: hyd-kycnorth@angelbroking.com and support@angelone.in
In-person verification (IPV)
In-person verification is required for the verification of documents. Please note the details below:
- Client outside India – Client needs to give all proofs duly attested by yourself and notarized by the Indian embassy / consulate general / overseas notary / overseas banker to the effect that “They have been verified with originals”
- Client in India – A self-attested arrival copy and IPV required (Authorized by AP or any nearby branch person of Angel One)
Trading and Demat Account Opening Charges
A small amount is charged to cover the underwriting expenses to open Trading and Demat accounts of NRI investors.
AMC Charges
The broker charges the AMC fee to maintain the accounts and offer account-related services.
| Annual maintenance charges (charged annually) | INR 60 per quarter from 2nd year onwards. |
On Sale Charges that a broker will charge its investors for transferring their holdings from one Demat to another or Sale of transaction or DIS requisition cost or Sales charges.
| Transaction charges for sale (Debit) & Inter-settlement Debit per transaction | Charges Rs. 20 |
| Note: a) Depository Participant Charges: Rs 20 + GST, split as below Male: INR 3.5 (CDSL) + INR 16.5 (Angel One Charge) Female: INR 3.25 (CDSL) + INR 16.75 (Angel One Charge) |
|
| Auto square off charges | Charges Rs. 20 |
| Pledge / Unpledge Creation/ Closure/Invocation ( Refer Note No. 6 b ) | Charges Rs. 20 |
| Demat/Remat (Per Certificate) Additional DIS requisition Additional Statement Physical Contract Note | Charges Rs. 50 |
| Cheque Bounce Charges | Charges Rs. 350 |
| DDPI Charges | Rs. 100 + GST |
*** Disclaimer – The above charges exclude GST.
Brokerage Charges
Brokerage is a fee or commission that a broker charges for executing transactions and offering specialized services on behalf of clients. To learn the details of brokerage charge calculation, click here.
AngelOne offers equity delivery-based trade for NRI customers through NRE/NRO PIS accounts.
| Brokerage Charges | |
| Particulars | Amount |
| Equity Delivery Charges | Script rate above or below 10 - 0.50% on transaction turnover or 0.05 per unit on script for less than prescribed share price, whichever is lower for equity delivery |
****Disclaimer – Brokerage will not exceed the SEBI prescribed limit
Regulatory & Statutory Charges
SEBI charges transactions made through Exchange. SEBI collects fees for carrying out its responsibilities as a market regulator. The government charges certain taxes for conducting trade in any segment, which investors must pay besides the brokerage fees as per rules. The statutory charges include Securities/Commodities Transaction Tax (STT/CTT), GST, Stamp Duty, and Exchange Transaction Charges.
| Transaction Charges - Buy and Sell | NSE: 0.00297% |
| BSE*: As Per the Stock Group | |
| STT (Securities Transaction Tax) - Buy and Sell | 0.1% |
| IPFT - Buy and Sell | NSE: 0.0001% |
| GST** - Buy | 18% |
| Stamp Duty Charges - Buy | 0.015% |
| SEBI Charges | ₹ 10/ crore |
| Clearing Charges | 0 |
