uTrade AlgosAs a Non-Resident Indian (NRI), you can easily open a trading account with Share India. Simply complete the application forms, gather the necessary supporting documents, and send them via courier to the address provided below.
Share India Corporate Office,
A-15, Sector 64, Noida,
Distt. Gautam Buddha Nagar,
Uttar Pradesh-201301
If you need any help, you can contact our support team at 18002030303 or write to us at support@shareindia.com.
You’ll need to provide Share India with the following documents to open an NRI trading account:
Application Forms
- Demat account opening form (PDF)
- KYC (Know Your Customer) application form (For individuals) (PDF): required to verify the identity of individual investors as per regulatory guidelines.
- KYC (Know Your Customer) application form (For non-individuals) (PDF): used to verify the identity of non-individual entities, such as companies or partnerships, investing in the market.
- FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) Declaration (For individuals) (PDF): declaration for individual investors to disclose their tax residency status and comply with international tax reporting requirements.
- FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) Declaration (For non-individuals) (PDF): declaration for non-individual entities to disclose their tax residency status and comply with international tax reporting requirements.
| DOCUMENTS REQUIRED | ||
| SN | NRE Account | NRO Account |
| 1 | PIS (Portfolio Investment Scheme) letter from the bank: Letter from the bank required for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) to invest in Indian securities under the Portfolio Investment Scheme (PIS). | NA |
| 2 | Account Opening Form | Account Opening Form |
| 3 | DDPI (Demat Debit and Pledge Instruction): Document that authorises your broker to debit securities from your Demat account for trade settlements and pledging, replacing the older Power of Attorney (PoA) and providing a more secure and controlled method for handling your securities. | DDPI (Demat Debit and Pledge Instruction): Document that authorises your broker to debit securities from your Demat account for trade settlements and pledging, replacing the older Power of Attorney (PoA) and providing a more secure and controlled method for handling your securities. |
| 4 | FATCA Declaration | FATCA Declaration |
| 5 | P.O. Box Declaration | P.O. Box Declaration |
| 6 | FEMA (Foreign Exchange Management Act) Declaration: declaration required to comply with the FEMA regulations for cross-border transactions. | FEMA (Foreign Exchange Management Act) Declaration: declaration required to comply with the FEMA regulations for cross-border transactions. |
| 7 | Passport Size Photograph | Passport Size Photograph |
| 8 | Self-attested and notarised copy of Passport | Self-attested and notarised copy of Passport |
| 9 | Self-attested and notarised copy of PAN | Self-attested and notarised copy of PAN |
| 10 | Self-attested and notarised copy of the overseas address proof | Self-attested and notarised copy of the overseas address proof |
| 11 | Self-attested copy of the Indian address proof if available | Self-attested copy of the Indian address proof if available |
| 12 | Cancelled cheque of NRE (Non-Resident External) bank account | Cancelled cheque of NRO (Non-Resident Ordinary) bank account |
Important Notes:
- All documents must be self-attested and notarised by the Indian Embassy or another competent authority.
- Opening a 2-in-1 or 3-in-1 account (where your bank, Demat, and trading accounts are linked) is highly recommended for convenience.
After gathering the above documents, please courier them to the corporate office of Share India at:
Share India Corporate Office,
A-15, Sector 64, Noida,
Distt. Gautam Buddha Nagar,
Uttar Pradesh-201301
Once we receive the courier, our team will verify the documents, which typically takes 3-5 business days. In case everything is in your order, you will be intimated about your account activation. You will be given the account credentials to start trading.
If there is any discrepancy in your documents, our support team will get in touch with you to rectify the same and complete the process.
Need Assistance?
If you have any questions or need further support during the account opening process, don’t hesitate to contact Share India’s support team. You can reach us at 18002030303 or email us at support@shareindia.com.