NRI Archives - Upstox

How can NRI’s invest in shares in India?

A lot of NRI’s invest in shares in India. As per Reserve Bank of India (RBI) guidelines, NRIs who wish...
A quick look on few important points related to NRI’s

1) NRI’s can deal with only one bank at any point of time. PIS (Portfolio Investment Scheme) approval can be...
Changing status from NRI to resident

When changing status from NRI to resident, it is the responsibility of the NRI to inform the designated authorised dealer...
Changing status from resident to NRI

Changing status from resident Indian to non-resident (resident to NRI) Indian applies to bank accounts and investments as well. However,...
What are the NRI charges involved to open an NRI account?

Below mentioned are the NRI charges involved while opening a NRI account. 1) Charges for opening trading A/c is Rs....
NRI trading in currency derivative segment

NRI Trading in currency segment is not possible as per SEBI regulations. Only Resident Indians are allowed to trade in...
NRI intra-day transactions in cash segment

NRI investors cannot participate in intra-day transactions in the cash segment. NRI Investor has to take delivery of shares purchased...
What is a Portfolio Investment Scheme (PIS)?

Portfolio Investment Scheme (PIS) is a scheme of Reserve Bank of India under which Non Resident Indians (NRIs) can purchase/sell...
Can I use my existing PIS bank account ?

While you need to have a PIS bank account to trade as an NRI, presently at Upstox we are only...
Is there any ceiling on the Investments under the Portfolio Investment Scheme?

NRIs are allowed to invest in shares of listed Indian companies in recognised Stock Exchanges under the PIS. However there...
NRI share transfer under Portfolio Investment Scheme (PIS)

Shares purchased under Portfolio Investment Scheme (PIS) on stock exchange shall be sold on the stock exchange only. Such shares...
What is a designated bank branch for an NRI?

Reserve bank of India has authorized few branches of each authorized dealer bank to conduct the business under portfolio investment...
Who is a person of Indian Origin?

For the purposes of investing in shares/securities in India, a person of Indian origin is a citizen of any country...
Who is an overseas citizen of India?

Under OCI Scheme operational from Dec. 2, 2005, the Indian government decided to grant overseas citizenship of India (OCI) commonly...
What are the documents required to open a NRI account?

Apart from Account Opening Form* Following are the Mandatory documents for opening PIS,Trading and Demat Account. 1.Passport Copy** 2.Valid Visa Copy 3.Pan...
Documents for investor not living in India

List of documents to be taken while registering NRI/PIO/OCI Clients as may be applicable: Indian passport holder: document ensuring status...