Through the blog post below we endeavor to bring your attention to our ever reliable NRI services. We were one of the very few Stock Brokers in India to provide NRI Trading facility through an Online Trading platform in the year 2000.
We are now re-launching our NRI Services through the Online brand ‘Tradeplus’ with more emphasis on the following:
Â Seamless communication with our dedicated Support Desk
Â Online Trading Platform at international standards
Â Simple and cost effective investment option in Mutual Funds
Accounts to be opened are as below:
1. Saving Bank Account NRI Account (NRE or NRO):
We have tied up with Yes Bank, HDFC Bank and Axis Bank for this purpose. It is based on this account your Trading and Demat account gets opened.
If you open a NRE Bank account, your Trading and Demat account will be in NRE Status. If you open a NRO Bank, your Trading and Demat Account will be in NRO status. Your SB NRI Bank Account will be mapped to your Demat Account for receiving direct credits of dividends on your Equity Investments.
PIS Bank Account gets opened with the Bank where you decide to open your SB NRI Account. Â All purchases done in the secondary market should be funded through this account and the sale proceeds of your purchases get credited to this account. RBI approval is obtained to open this account as part of the account opening process
This account is opened with Tradeplus and an eight digit Unique client code (UCC) gets allotted once the account gets opened. All the Purchase and sale transactions in secondary market are done and recorded through this account
4) Â Â Â Â Demat Account:Â
This account is opened with Tradeplus. All the securities bought by you are electronically held in this account. All your purchases get credited to this account and when you sell, the securities are removed from this account and delivered.
The good news is that we assist you in opening all the above accounts (including the Bank Accounts). If you donâ€™t have PAN card, no worries, we will help you obtain it as well
We facilitate and assist you in making the account opening process simple and of least inconvenience to you. Most importantly we dedicate an executive to ensure that he/she serves as one point of contact till the NRI account opening process is completed
Quick summary of steps:
Our Executive will call you as per your convenient time to introduce you to the account opening process and clarify all your queries (or).
You can also call our executives at +91 7338822169 or 91 44 39189469 (between 9 am to 6 pm – IST) or +1 914 3687760
Help us document your account opening forms online
Â Send us theÂ trading, demat & bank account opening forms
Â We will initiate the trading and demat account opening, once we receive your bank account details and will subsequently intimate your new account details
Support Documents required:
Copy of PAN card
Overseas address proof â€“ Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not more than 2 months old )/Notarized copy of rent agreement/Lease agreement/ Sale Deed
Indian address proof, if any
Passport size photograph
In case of an Indian Passport: Copy of valid passport with place of birth as India, Copy of Valid Visa
In case of Foreign Passport: Copy of Valid passport/ Residence Permit, Copy of PIO/OCI card.
Note: All the support documents should self attested
Lowest Brokerage plan for NRI F&O Trading
Trading in Futures and Options for NRI is slightly complex as it involves one more entity Stock Holding Corporation of India Ltd (SCHIL) with whom a Custodial Participant (CP) Code has to be obtained. We have tied up with SHCIL for NRI F&O Trading and once the F&O Account is set up your funds will lie with SHCIL (Custodial Participant) just like how you funds lie with the PIS Bank account in case of Equity Trading.
The good news is that Tradeplus provides F&O Trading for NRIs at lowest brokerage in the industry. Its flat 999/- per month for trading in Futures and Options, isnâ€™t this amazingâ€¦.
Accounts to be opened to trade in F&O:
1) Â Â Â Â Â SB NRI Bank Account with Yes Bank or HDFC Bank or Axis Bank
2) Â Â Â Â Â F&O Trading with Tradeplus
For Trading in F&O NRIs need not open PIS Bank Account or Demat Account
Seamless Communication with our dedicated NRI Support Desk
We understand that NRIs especially residing in countries like US, Canada, Australia and New Zealand face time zone challenges when they invest in India. To ensure that they are able reach our support desk we have provided the following options:
Â Online Chat system for account opening
Â WhatsApp number and mobile number Â : 91 7338822169
Â US Voip number : 1 914 3687760
Â Email ID : email@example.com
Â Landline Â :91 Â 044 39189469
We also provide a dedicated Relationship Manager based on the investment requirements Relationship managers are part of Smart Trade Desk and will assist the NRI’s in building a healthy Equity Portfolio in India.
Online Trading Platform at international standards
Tradeplus provides NRI clients with INFINI Trading Solutions which comes as a package with Desktop (INFINI POWER), Web based (INFINI WEB) and Mobile Trading Platforms.
The Trading Solutions with simple, intuitive and powerful interface enables you to invest seamlessly in Equity, Futures and Options, IPO and Mutual Funds.
Simple and cost effective investment option in Mutual Funds
We provide an unique Mutual Fund Online investment platform in INFINI MF which helps you to increase your returns by at least 1%. NRIs can invest in Mutual Funds in direct mode and save 50% to 70% on expenses ratio which otherwise goes to the Broker. Tradeplus provides this option to make Mutual Fund investment in India very cost effective. Further the INFINI MF platform allows NRIs to invest in Lump sum and SIP mode.Click here for more details on INFINI MF.
Do email firstname.lastname@example.org for queries/clarification, we will be glad to be assistance to you.