#open nri demat account online

[dailygong1]

How 9 Things Will Change the Way You Approach Best NRI Trading Account In India

Sure, here are 9 things that will change the way you approach the best NRI trading account in India:

You can now open an NRI trading account online. This was not always the case, as NRIs had to physically travel to India to open a trading account. However, with the advent of online trading, NRIs can now open an account from anywhere in the world. This is a major convenience, as it saves time and money.

You can trade in Indian stocks and derivatives from anywhere in the world. This is another major benefit of online trading. NRIs can now trade in Indian stocks and derivatives from their home countries, which gives them access to the Indian market. This can be a great way to diversify their investments and take advantage of the growth potential of the Indian market.

You can access a wider range of investment products. NRIs who open an online trading account will have access to a wider range of investment products than those who open a traditional trading account. This includes stocks, derivatives, mutual funds, and bonds. This gives NRIs more flexibility in their investment strategies.

You can benefit from lower brokerage fees. NRIs who trade online can benefit from lower brokerage fees than those who trade through a traditional broker. This is because online brokers typically have lower overhead costs. This can save NRIs a significant amount of money on their trading costs.

You can enjoy faster trade execution. Online trading platforms typically offer faster trade execution than traditional trading platforms. This is because online platforms can process trades more quickly. This can be a major advantage for NRIs who want to take advantage of short-term trading opportunities.

You can get access to real-time market data. Online trading platforms typically offer access to real-time market data. This means that NRIs can see the latest market prices as they happen. This can be a great way to make informed trading decisions.

You can trade in multiple currencies. Some online trading platforms allow NRIs to trade in multiple currencies. This can be a great way to hedge against currency fluctuations.

You can get support from a dedicated team of experts. Most online trading platforms offer support from a dedicated team of experts. This can be a great resource for NRIs who are new to trading.

You can enjoy the convenience of online trading. Online trading is a convenient way to trade in the Indian market. NRIs can trade from their home computers or mobile devices. This can save them time and hassle.

These are just a few things that will change how you approach the best NRI trading account in India. If you are an NRI who is interested in trading in the Indian market, I encourage you to open an online trading account. You will be glad you did.

Here are some additional tips for choosing the best NRI trading account:

Consider the brokerage fees. This is one of the most important factors to consider when choosing an NRI trading account. Make sure to compare the brokerage fees of different brokers before you decide.

Consider the investment products that are available. Ensure that the broker you choose offers the investment products you are interested in trading.

Consider the trading platform. The trading platform is the software that you will use to trade. Make sure that the platform is user-friendly and easy to navigate.

Consider customer support. Make sure that the broker you choose offers good customer support. If you have any questions or problems, you want to be able to get help quickly and easily.

For More Info:

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Zerodha Discount Broker Review 2020: Compare Broker Online

Zerodha with a one of a kind name and significance, Zero + rodha (Barrier in English) is developing as the single largest discount broker in India you will see in this    zerodha discount broker review 2020. The reason Zerodha turning into the best trading platform in India is expected to giving “the best internet exchanging stage India”, “low brokerage and high presentation”, “free direct shared reserve venture stage” and “effective client assistance.”

In only a limited capacity to focus time (9+ years) Zerodha top the list to become the best stock broker in India as far as dynamic customers. Zerodha contributions & backing is developing step by step.

The principle contributing exercises offered by Zerodha are exchanging value, value F&O, ware, cash on NSE, BSE, MCX and MCX-SX and interest in Direct Mutual Funds through SIP and single amount, ETFs, Government protections, and securities.

Zerodha offers free exchanging value delivery and charges a low brokerage of Rs 20 or .03% whichever is lower for exchanging value Intraday, F&O, cash, and ware.

The Demat administrations provided are of being a DP of CDSL. Furthermore, there is NRI trading facility at Rs 200 or .1% per request whichever is lower for value conveyance and Rs 100 for each request for value F&O.

Zerodha Mutual Fund Investment

This is the first broker in quite a while to offer a Direct Mutual Fund investment facility to its clients for nothing.

In this, you can put resources into direct shared store plots that give you better returns contrasted with customary common reserve plans.

Fundamentally, there is no commission setting off to the brokerage house from your common store speculation.

Zerodha Account Opening Process and 3-in-1 Account

You would instant be able to open records with them. The advantages of 3-in-1 record are offered in tie-up with IDFC First bank in the structure of Zerodha-IDFC FIRST Bank 3-in-1 record.

The business as usual of the record – a solitary record comprehensive of exchanging, DEMAT and financial balance for consistent and bother free web based banking and contributing experience. It has now become the exchanging and self-clearing part to give customers the advantage of no clearing charges. In addition, Zerodha provides cover request and section request (CO/BO) with trailing stop misfortune include for value and F&O best among the top 10 discount brokers in India.

Zerodha Charge/Fee Structure:

Protections Transaction Tax (STT): This is charged distinctly on the sell side for intraday and F&O exchanges. It’s charged on two sides for Delivery exchanges Equity.

Stamp Duty: Charged according to the condition of the customer’s correspondence address.

Merchandise and Enterprises Tax (GST): This is charged at 18% of the complete expense of brokerage in addition to exchange charges.

Different Charges (Zerodha Hidden Fees):

Call and Trade highlight is accessible at an additional expense of ₹50 per call.

 Source - https://medium.com/@deepakcomparebroker/zerodha-discount-broker-review-2020-compare-broker-online-2e0b057bef50

Related - https://comparebrokeronline.com/

[indian-pan-card-usa]

Apply for pan card in usa

A Permanent Account Number (PAN) is a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department. It is essential for individuals and entities conducting financial transactions in India, such as filing tax returns, opening bank accounts, and making investments. Even if you reside outside India, you can still apply for a PAN card. Here’s a step-by-step guide on how to Apply for a PAN card in USA.

Understanding the Need for a PAN Card

A PAN card is crucial for:

Filing income tax returns in India.

Conducting financial transactions, such as buying or selling property in India.

Opening a bank account or Demat account in India.

Investing in mutual funds or stocks in India.

Receiving payments that are subject to withholding taxes in India.

Importance of a PAN Card

The PAN card is not just a tax-related document; it holds significant importance for various reasons:

Tax Filing: It is mandatory for filing income tax returns in India. Without a PAN, you cannot submit your tax documents.

Financial Transactions: Required for opening a bank account, applying for credit or debit cards, and conducting transactions above a certain limit.

Investment: Necessary for investing in mutual funds, stocks, bonds, and other financial instruments.

Property Transactions: Required when buying or selling property in India.

Proof of Identity: Accepted as a valid proof of identity throughout India.

Loan Applications: Needed when applying for loans, ensuring transparency in the loan approval process.

Apply Pan card in usa

If you want to apply pan card in usa so you can contact us +1 (416) 996–1341 or pancardservice253@gmail.com to apply pan card in usa.

1- Visit this site indianpancardusa.com 2- And Go to application form of apply for pan card 3- fill the details 4- Upload documents 5- submit the application form.

Conclusion

Apply for a PAN card in USA is a straightforward process if you follow the guidelines carefully. Whether you’re an NRI, PIO, or foreign citizen with financial dealings in India, having a PAN card is essential. By applying online or through authorized agents, you can secure your PAN card from the comfort of your home in the USA.

Contact us Phone:- +1 (416) 996–1341 Email Us:- pancardservice253@gmail.com

[infinysolution]

Claim Unverified Dividends and Shares After Being Transferred to IEPF

Many a time it is observed that several shares in any company remain unclaimed or unpaid for a long period. The reasons could vary, however. Sometimes people are not aware of the shareholding, or they could have forgotten the shares, or even the shareholders have expired. Sometime before, the shareholding person has no clue about claiming such shares and in many cases, they would have been transferred to Investor Education and Protection Fund (IEPF). But before proceeding towards the process of claiming the unpaid or unclaimed dividend and shares, we should know what IEPF is.

About IEPF

Considering the problems regarding the claiming of unclaimed and old shares, the Ministry of Corporate Affairs(MCA), Government of India, has introduced an authoritative body of Investor Education and Protection Fund (IEPF) under section 125 of Company Laws, 2013. This body has the responsibility of educating people about the refunds and administration of unclaimed dividends and helping them to make the process easier. The IEPF also ensures the transfer or claim of the transferred IEPF unclaimed dividend to the right person.

However, there are other roles and responsibilities of the IEPF also.

Causes of Unclaimed Dividend Being Transferred to IEPF

According to Section 124 of the Companies Act, 2013, any shares or dividends of a company, if remained unpaid or unclaimed for more than seven years, then it should be transferred to the authority of IEPF by the company. The company has to submit the details of the share and the shareholder to the IEPF website so that it can help the authorized shareholder to reclaim the shares without much hassle.

Reasons for Unclaimed Shares

Before the digitization of the shares and debentures transactions, the investment process used to be in physical form. A physical copy of the certificates of the shares was issued but to keep the hardcopy of the certificates is a troublesome job. Many a time the certificates got lost or hidden in the pile of documents. Also, the physical copy got to wear and tear over a long period. The shares or dividends thus remained unclaimed for a long period. Sometimes the death of the shareholder and unaware family members also extended the duration of claiming. Thus there could be various reasons for the presence of IEPF unclaimed shares which resulted due to the transfer of those shares to IEPF.

Procedure to Claim the Share From IEPF

There are several steps to claim the dividend which has been transferred to IEPF by the authorized person. We will discuss them one by one.

Open a Demat Account– The first step towards claiming the share from IEPF is to open a Demat Account because all the transactions through IEPF are done into the Demat account only. If already have an account then ignore this step.

Fill the Form on the IEPF Portal– the claimant is required to go to the official website of the MCA portal and download the given form i.e. form IEPF-5 for the recovery of IEPF unclaimed shares and fill in the particulars very accurately. You must submit the form with the following details- • The correct information of the claimant. • Details of Aadhar Card if Indian citizen, passport or other related documents, if NRI. • Details of the shares and the amount of the shares. • Details of the company from which the amount is to be taken along with its CIN no. • Demat account number and other account details to which the refund is transferred.

Submission of the Claim to the Company– After filling out the form online, a copy of the same has to be sent to the related company enveloped and labeled as ‘Claim for a refund from IEPF’ along with the following documents- • Copy of duly filled form IEPF-5 with signature of the claimant. • Copy of the acknowledgment mentioned with the SRN no. • Original copy of the Indemnity bond signed by the claimant as referred to under the stamp act. • Share certificates for the physical ones, or copy of the statement of the transaction if online. • Adhaar Card • Canceled cheque leaf • Copy of passport in case of NRI

Submitting the Verification Report by the Company to the IEPF Office– After receiving the application for recovery of the IEPF unclaimed dividend, the company has to issue a verification report to the IEPF authority within 15 days stating the documentation of the shareholder or the claimant.

Refund of the Unclaimed Share to the Claimant by the IEPF Authority– After receiving the verification from the related company, IEPF has to issue the refund sanction within 60 days. Afterward, the concerned authority will reimburse the amount into the claimant’s Demat Account.

Who Can Claim the Refund of Shares Transferred to the IEPF Authority

Any person who is a shareholder of the unclaimed dividend that has been transferred to IEPF is eligible to apply for the refund of the shares. In the case of the nominee or the successor of the shareholder, after his death, are required to submit the proof of transfer of the shares to them by the company and then apply for the refund process.

[sbmbankindia]

All You Need to Know About NRI Demat Account

All You Need to Know About NRI Demat Account

The Indian financial market is one of the most sought after markets when it comes to profit against risk. Millions of NRIs seeking to create wealth, look forward to participating in the country’s growth story through their investments. As an avid investor anybody looking at options to grow their wealth cannot simply do so by ignoring the Indian investment markets. 

What is a Demat Account?

Demat – DeMaterialized Account works exactly like a bank account where financial securities like stocks, bonds, mutual funds etc. can be stored in electronic form. An NRI Demat account is an account opened by an NRI (Non-resident Indian) or PIO (Person of Indian Origin).

An NRI can trade in Indian equities only by opening an NRI Demat account. This Demat account he or she can open by following certain rules and regulations laid down by FEMA (Foreign Exchange Management Act). These NRI Demat accounts can either be Repatriable or Non-Repatriable Demat accounts as per the wish of the account holder.

NRE and NRO Demat Accounts

An NRE Demat Account means a Demat account linked to an NRI’s NRE savings account. An NRE saving account is opened by an NRI to park his income earned overseas in India in Indian currency. Money parked in the NRE savings account is fully repatriable i.e. all the money in the account can be transferred abroad. Thus, a Demat account linked to the NRE savings account is also called Repatriable Demat Account.

An NRO Demat Account means a Demat account linked to an NRI’s NRO savings account. An NRO savings account is opened by an NRI to park his income earned within India. Not all money parked in the NRO savings account can be transferred abroad which makes the NRO savings account a Non-repatriable account. Thus, a Demat account linked to the NRO savings account is also called Non-Repatriable Demat Account.

Choose your Investment Options

NRIs can invest in IPOs on both repatriable basis using funds in the NRE repatriable Demat account as well as a non-repatriable basis using funds in the NRO repatriable Demat account. However, for an NRI to invest in the secondary markets, they need to seek approval from RBI known as PIS (Portfolio Investment Scheme). This is mandatory because all transactions undertaken through the NRI savings account need to be reported to the RBI.

NRI can also invest in mutual funds, convertible debentures, ETFs and much more.

An NRI Demat account can be opened online from the comfort of an NRI’s residence or offline by visiting the bank while an NRI is in the country. An Indian Power-of-Attorney holder cannot open or operate any NRI’s Demat account on his behalf.

Features of Demat Account for NRI

-  An NRI Demat account can be operated by an NRI from any part of the world. Any transaction hence done by the account holder reflects immediately in the Demat account.

- Reduced physical documentation and Online Demat account opening processe for NRIs have made procuring a Demat account quick and easy.

-  Digitization of NRI Demat accounts has led to accurate and efficient transactions.

- Online processes have helped banks overcome many limitations like the risk of forgery, loss of physical documents etc. which otherwise could have posed major issues considering the distance between the bank and the NRI account holder.

-  An NRI Demat account can be opened with a minimum holding of one share.

-  NRI Demat account can be opened by a single NRI or jointly with another person.

-  Your NRI savings account is credited directly by any deposits of dividends.

- An NRI can invest in equity, convertible debentures, NCDs, mutual funds, ETFs, derivatives etc.

What are you waiting for? Open your NRI saving account today, link it with a Demat account and grow your wealth multi-folds. Keeping all this information in mind while you open your NRI Demat account will surely help you maximize the benefits you can reap from your country. SBM Bank India’s personalised banking is happy to support you in case of any assistance that you may require. Also, visit SBM Bank India to know more about our NRI saving accounts.

[sharemarketnews01]

Demat account: Features, Types and Benefits

The first step is always important when you start investing in the share market. It involves opening a Demat account to hold all your investment securities in the digitised form. Finding a suitable Demat account service provider is as critical as making sound investment decisions. If you are not sure where to start your search, worry not! We will clear your doubts regarding the Demat account opening. 

What is a Demat account?

Demat stands for dematerialised. A demat account holds shares and securities in electronic form. It also helps you track all your investment activities in shares, ETFs, bonds, and mutual funds in one place. 

Advantages of a Demat account

It is a digitally secured way of holding your investment securities 

Demat account eliminates chances of theft, loss, forgery, and damage to physical certificates 

It facilitates the quick transfer of shares 

Eliminates paperwork and stamp duty 

Simplifies the process of adding beneficiary 

It streamlines the process of share investment 

The online method of Demat account opening is simple and fast

Types of Demat account

There are three major types of Demat account services available in the market.

Regular Demat account

 The standard Demat account is available to all resident Indian investors. You can use this account for investing in shares, bonds, ETFs, and mutual funds. The charges depend on the subscription type and the volume that is there in the account.

Repatriable Demat account

It is a Demat account suitable for NRIs investors who want to invest in Indian shares from anywhere in the world. A repatriable Demat account allows NRIs to transfer funds to any foreign country and is linked to their NRE bank account.  

Non-repatriable Demat account

It is similar to the repatriable Demat account but doesn’t allow the transfer of funds to foreign accounts. You must link this account to the Non-resident Ordinary Account (NRO).

Besides these three major types, SEBI, in 2012, introduced another type called the Basic Services Demat Account or BSDA.  

What is BSDA?

It is a special type of Demat account introduced by SEBI for small investors. It requires much less of an investment compared to regular Demat accounts. 

Here are the benefits of the Basic Services Demat Account. 

It eliminates the charges imposed by the DP to mail a physical statement of your account

The dematerialisation charges have got removed

Annual maintenance charges, which can be between Rs 600 and 800 depending on the DP, are eliminated

Demat account charges 

While discussing Demat account charges, let’s see what it will cost you to invest.

Account opening fees

The account opening fee is a one-time initial expense charged by the DP. The actual rate depends on the DP. Most DPs now offer free Demat account openings to stay in the competition. However, additional charges like stamp duty, GST and other statutory levies will still apply.

Annual maintenance charges (AMC)

The DP charges an annual fee for maintaining your account and offering continuous service. It can range anywhere between Rs 300-900. Each depository has its specific guidelines regarding AMC changes. However, some DPs have now waived off the AMC to become more affordable.

SEBI has made Basic Services Demat Accounts AMC free if the volume in the Demat account is less than Rs 50,000.   

Custodian fees

It is a one-time fee charged by your broker to pay to the depository. Often it is paid directly by the company to the depository, which is NSDL or CDSL. 

Transaction fees

A transaction fee is a brokerage charge collected by the DP for each transaction by the investor. Some brokers have now waived transaction fees for delivery equity transactions. 

Final words 

[dailygong1]

All You Need to Know About NRI Trading Accounts

Relocating abroad may be advantageous for some people. An NRI may earn a living in foreign currency while residing and working in some of the world’s most developed countries. Because of the large NRI community that exists around the world, a significant amount is invested in Indian stock.

NRIs must have a trading account to invest in Indian companies listed on the stock exchange. NRI trades are currently permitted exclusively in the F&O segment and for delivery settlement in shares, according to existing legislation. As a result, NRIs are unable to engage in intraday trading, STBT trading, BTST trading, or even short selling. Furthermore, NRIs are now (as per Jun 28, 2017, SEBI circular) permitted to trade in commodities or currency derivatives. This permission for NRIs to trade in derivatives is subject to norms as prescribed under FEMA and mandated by RBI, SEBI, NSE, BSE and other regulatory bodies from time to time.

Indian brokers’ trading services have been made enticing and trustworthy. Despite market instability, the country’s long-term prosperity is attracting many investors.

NRIs are also being courted by Indian stockbrokers with enticing choices such as the Zero AMC NRI Demat Account, the 2-in-1 NRI Trading Account, and the NRI Discount Brokerage Plans. An NRI 2-in-1 account, for example, combines a trading account with an NRI Demat account.

Need for NRI Trading Account in India

Unlike in the United States and many other nations, SEBI in India utilizes a Depository model rather than a Custodian approach. In the latter case, the broker acts directly as the custodian for the clients’ shares and is responsible for their safety. In India, the duty for the safeguarding of the shares is borne by a Depository (either CDSL or NSDL), which is nominated by the broker.

As a result, to trade and invest in shares on secondary markets, one must have an NRI trading account in addition to an NRI Demat account. The Depository maintains a Demat account in which securities are held in dematerialized form. In contrast, a trading account allows the account user to trade listed shares, ETFs, bonds, and other securities.

As a result, an NRI trading account is a form of investment account that allows Non-Resident Indians to trade and invest in mutual funds, ETFs, IPOs, bonds, and direct stocks that are listed on Indian stock exchanges.

This trading account serves as the central point or hub for all stock market transactions involving an NRI bank account, a Demat account, stock exchanges, and the NRI investor. It also allows you to trade stocks and futures and options (F&O) online [but we are strongly opposed to the speculative character of trading in general, and the F&O segment in particular].

NRIs must first open an NRE or NRO savings account with an Indian bank before applying for an NRI Demat account and an NRI trading account (or a 2-in-1 account).

NRI Bank Account

The funds for your trading account must come from a bank account created with an Indian commercial bank. You can open a new account or convert an existing one to an NRI bank account.

It is either an NRE [Non-Resident External or Repatriable] or an NRO [Non-Resident Ordinary or Non-Repatriable] account based on the repatriation of the monies in the account. Both accounts are denominated in INR and do not permit foreign currency transactions.

The difference is that with an NRE account, they can deposit their foreign earnings and withdraw them whenever they choose. In the case of an NRO account, they can deposit revenue earned in India but cannot withdraw funds straight to a foreign country without prior clearance from the RBI.

Why should NRIs have an NRI Demat Account and NRI Trading Accounts?

A Demat account is required to invest in Indian equities. This Demat account can also be used to invest in mutual funds, ETFs, and convertible debentures. One of the depositories maintains the securities in electronic form in the NRI Demat account.

NRIs, as well as PIO (Persons of Indian Origin) and OCI (Overseas Citizens of India) cardholders, are now able to create a Demat account with any SEBI-registered stockbroker. These Demat accounts are commonly referred to as NRI Demat accounts because they are linked to the appropriate NRE or NRO bank accounts.

When it comes to opening an account, transacting with them, and fees, NRI demat accounts are comparable to those held by Resident Indians (RIs). However, there are certain extra requirements for NRE accounts (repatriable) that we shall address momentarily.

A third type of trading account is the Portfolio Investment Scheme, or PIS account, which requires clearance from the RBI through the stockbroker’s banking channel partners.

For More Info: https://www.dailygong.in/services/nri-stock-trading

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How to Open NRI DEMAT Account, Tax on DEMAT

How to Open NRI DEMAT Account, Tax on DEMAT

If you are an NRI and you are interested in investing in Indian markets then this post will help you in opening an NRI DEMAT account, I have not only done the research but I have also opened an NRI DEMAT account and today I trade using these accounts.

In this post we will look at what NRI is,  the DEMAT process,  how to open an account, the cost of DEMAT with different brokers as an NRI and in…

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How to apply for pan card from USA

A Permanent Account Number (PAN) is a unique identification number issued by the Indian Income Tax Department, primarily used for tax purposes. If you’re an Indian citizen or a non-resident Indian (NRI) living in the USA, you might need a PAN card for various financial transactions in India, including filing income tax returns, opening a bank account, or investing in Indian financial instruments. Here’s a step-by-step guide to help you How to Apply for PAN card from USA.

Why You Need a PAN Card

Before diving into the application process, it’s essential to understand why you might need a PAN card:

To file income tax returns in India.

To invest in Indian securities or mutual funds.

To purchase property in India.

To open a bank account or demat account in India.

Importance of a PAN Card

The PAN card is not just a tax-related document; it holds significant importance for various reasons:

Tax Filing: It is mandatory for filing income tax returns in India. Without a PAN, you cannot submit your tax documents.

Financial Transactions: Required for opening a bank account, applying for credit or debit cards, and conducting transactions above a certain limit.

Investment: Necessary for investing in mutual funds, stocks, bonds, and other financial instruments.

Property Transactions: Required when buying or selling property in India.

Proof of Identity: Accepted as a valid proof of identity throughout India.

Loan Applications: Needed when applying for loans, ensuring transparency in the loan approval process.

How to Apply for PAN Card from USA

If you want to how to apply for pan card from usa application online in usa so you can contact us +1 (416) 996–1341 or pancardservice253@gmail.com to apply for pan card from usa.

1- Visit this site indianpancardusa.com 2- And Go to application form of apply for pan card 3- fill the details 4- Upload documents 5- submit the application form.

Conclusion

How to Apply for PAN card from USA is a straightforward process if you follow the steps carefully. Whether you choose to apply online or offline, make sure all your documents are in order, and ensure the accuracy of the information provided. Having a PAN card is essential for anyone engaging in financial transactions in India, and obtaining one from abroad is entirely possible with the right guidance.

Contact us Phone:- +1 (416) 996–1341 Email Us:- pancardservice253@gmail.com

[stock-99]

What Is A Demat Account?

Demat accounts or dematerialization of a trading account was first launched in India in 1996, and in the two decades afterwards, they have considerably broadened the availability of stocks ownership to a far broader spectrum of Indian investors. Any investor in India who wants to hold or trade in assets such as stocks, bonds, or mutual funds must create a Demat account.

Demat is an abbreviation for dematerialised accounts, which are electronic records that document your ownership of marketable items. When you make a stock purchase order, the shares are credited to the demat account. Similarly, when you trade your shares, the proceeds are deducted from the demat trading account.  This allows you to trade without having to transfer physical share certificates. Not only does it serve as a safe haven for the investment opportunities, it also accelerates transactions and lowers costs. Let's look at why you need a demat account to invest in India and how you can open a demat account with the help of a third-party share market app.    

Types of Demat Account

There are a number of types of demat accounts that one can open based on their residential status. Let us consider the following types of demat accounts that are available in India.

Standard Demat Account: It is only available to Indian people who live in the country.

Repatriable Demat Account: For NRIs (Non - resident Individuals), this type of Demat Account allows money to be moved overseas. This sort of Demat Account, however, must be connected to an NRE bank account.

Non-Repatriable Demat Account: It is also for NRIs, however fund transfers abroad are not feasible with this form of Demat Account. It must also be connected to that of an NRO account.

Benefits of a Demat Account

One obvious advantage of internet purchases is cost savings. Similarly, opening a demat online account can save you money on expenditures like stamp duty as well as other handling fees that are required for physical bonds.

It always minimizes the work required to maintain sight of each one of them. As a result, you are not required to keep a manual record. All of your papers, as well as a record of each investment, are securely stored.

You can access different bank loans using the assets held in your demat account, in addition to utilizing it as a deposit for your funds.

Storing shares online is a lot better and safer choice since it provides you with a perpetual digital record of the investment.

Through these demat accounts, foreign investors are also offered simple access to the country’s stock market, which ultimately helps India's economy.

How to Open a Demat Account in India

Creating an investor profile and opening a demat account is one of the initial and most crucial steps in buying shares. An investor should follow the steps listed below to create a demat account:

A demat account must first be created and opened by an investor, who needs a pan card.

Then, in order to complete the capital market transaction, he must select a stock market broker or third-party app.

The next step is for him to choose a Depository Participant (DP) who offers Demat services.

A Unique Identification Number, or UIN, is also required for investors who want to make sizable investments.

Following the completion of this process, users will be able to watchlist the chosen shares and start investing sequentially after receiving an activation email with the user id and an automatic password.

A demat account is similar to a bank account. The difference is that it holds electronic share certificates as well as other securities instead of cash or deposits. Your demat number is required for automated settlements of trades and transactions that you do. Opening a demat account is now easy and convenient, without the hassle of physical documentation and you can easily select any third-party share market app to do the same.

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Documents Required for Opening a Demat and Trading Account

Investors are allowed to open a demat account in an electronic form to hold their respective financial securities (whether it is equity or debt). An individual can open ‘n’ number of demat accounts with different stock brokers. But before that, you need to have certain information to kick-start your demat account opening process. The very important and primary step to open a demat account is that you will require some essential documents.

Most of these documents are quite standard in its nature and therefore, the overall demat account opening process has turn into much simpler and easier these days. And in a very quick and simple way, we will tell you here what all documents are required for the same.

List of Documents Required for Demat Account Opening Process

Identity Proof – Here you can submit any one copy of your either Pan Card, Aadhar Card, Driving License, Passport, Voter ID Card, NREGA Job Card, or Any document notified by the central government.

Address Proof – Here you’ll need to submit a proof of address in India, and there can be some overlap of address proof and ID proof documents. You can submit any one copy of your either Passport, Aadhar Card, Voter ID Card, Driving License, NREGA Job Card, any Utility bill that is not over two months old of any state service provider (telephone, electricity, piped gas, post-paid mobile phone, water bill), account statement of either Post Office or Bank account savings bank, or letter issued by Foreign Embassy or Mission in India or documents issued by Government departments of foreign jurisdictions.

Bank Proof - You’ll have to show some proof of your respective bank account that you request to connect with your demat account. And so for the same, your broker demands the following from you: Bank’s IFSC Code, MICR, and your name.

Photographs - Depending on your stock-broker, you are asked for your 1-3 latest photographs.

Additional Documents for selected individual – If you are opening the demat account as an NRI or company or a Hindu Undivided Family, then some additional documents will be required to prove your eligibility and status.

Note: If your phone number is linked to your Aadhaar Card then you can open it via online, which means your demat account opening process will be completely paperless.

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Top 10 FAQs by the LIC policyholders on LIC IPO Answered Here

Top 10 FAQs by the LIC policyholders on LIC IPO Answered Here

 Life Insurance Corporation of India (LIC) is a government-owned insurance provider and is the largest in India, and fifth-largest in the world. The insurance provider has been in the news for a long time now owing to its plans for IPO.

The government that owns a 100% stake in the giant insurance corporation, has decided to sell its 5% stake to the public via Initial Public Offering (IPO). The LIC IPO that is being evaluated to be of around Rs. 65,400 crores will be the biggest of this time.

 Here is a list of the top 10 frequently asked questions by LIC Policyholders about LIC IPO answered for you:

 1) When is the LIC IPO expected to open?

The LIC IPO is expected to open from March 11, 2022 to March 14, 2022.

 2) What is the expected price band for LIC IPO?

The price band is expected to be around Rs. 1,900 to Rs. 2,200.

 3) How much can a retail investor apply for LIC IPO?

A retail investor or a policyholder can apply for shares worth not more than Rs. 2,00,000. You can opt to apply in the Non-Institutional Category to apply for more.

 4) Is there a reservation for employees and LIC policyholders?

LIC IPO is expected to be reserved for the LIC policyholders and employees for up to 10% of the issue amount.

 5) Is there a discount on the issue price for employees and LIC policyholders?

LIC policyholders and employees of LIC are also expected to get a discount of 10% if applying through the policyholder's category.

 6) Who is eligible to apply as a LIC policyholder?

All the LIC policyholders who have taken the policy on or before 13 February 2022, and get their PAN linked with the policy on or before 28 February 2022, can apply for the LIC IPO under the policyholder's category.

 7) Can NRI LIC policyholders also apply for LIC IPO under the policyholder's category?

No, the NRI LIC policyholders or the LIC policyholders residing outside India will not be eligible to apply for LIC IPO under the policyholder's category.

8) How can one check if PAN is linked with the LIC policy?

You can visit the official website of LIC to check if the PAN is linked with your policy. You will require your policy number, PAN, and date of birth to check.

 9) How can one link policy with PAN?

You will be redirected to a new page once you fill in the details as mentioned above. If your PAN is not linked with the policy you will get a tab to select to link your PAN online.

You will require your Policy number, email id, contact number, PAN, and date of birth to link your PAN to your policy by LIC.

 10) Can one apply to LIC IPO from any Demat Account under the LIC policyholders category?

To apply under the LIC policyholders category, your Demat Account should have the same PAN linked as with the policy.

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Everything to know about Demat Account for NRI

India is known as the fastest-growing economy. Hence, it holds tremendous potential for growth in trading. Owing to this, most Non-Resident Indians wish to invest in the Indian Stock Market. You get to open a Demat Account for the same. However, you must adhere to specific guidelines laid by the Foreign Exchange Management Act. According to this, you need to qualify under the NRI status.

Also, there is a specialised Demat Account for NRI. It allows you to store the shares in dematerialised form and trade in the Indian Stock Market. Although the Demat Account works the same for residents and NRIs, the latter must follow a different process to open the account. They need to get a Portfolio Investment Scheme approval to invest in the secondary market in India. Besides, here are some other details to learn about NRI Demat Account:

Opening process

As an NRI, you can open a Demat and Trading Account with a stockbroker registered with National Securities Depository Limited and Central Depositories Services Limited. Although these accounts operate for different purposes, you get a convenient option with a 2-in-1 Account. If you choose a bank to handle your investments, you get a 3-in-1 NRI Investment Account, including Savings, Demat, and Trading Account.

For the opening, download and fill a form and attach the required documents. These are the general KYC requirements to maintain your record. Apart from the paperwork, submit a PAN card, valid passport, Portfolio Investment Scheme letter, foreign and Indian address proof, etc.

Charges

All Demat Accounts come with costs both for residents and NRIs. The Central and stockbroker Depository Participants charge a Demat transaction-related fee. These include account opening fees, annual maintenance charges, debit transaction costs, etc. However, you pay additional government taxes as an NRI. These may change based on the bank you choose. Hence, refer to them carefully before opening.

Types

As NRIs cannot open a standard account in India, they need to opt for the specialised route. Therefore, like Bank Accounts, the Demat Account gets categorised into Non-Resident External and Non-Resident Ordinary Account. Using these accounts, you can invest in Mutual Funds, Exchange Trade Funds, Convertible Debentures, etc. NRE Accounts are fully repatriable, whereas transfer of up to USD 1 million is possible in an NRO Account.

Benefits

The NRI Demat Account is a gateway for NRIs to invest in India from overseas. The transactions immediately reflect despite the distance, thanks to online mode. Digitisation also reduces the documentation hassle. Additionally, there is no risk of loss, forgery, late delivery, and other problems associated with physical shares. It lets you enjoy the benefits like a resident Indian from abroad.

The same happens when you open NPS Account to create retirement funds in India. Use these options to leverage the investment opportunities in your home country and grow financially.

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Trading Account For NRI

Non-resident Indians are a growing community all over the world. NRI trading has become very popular in India as Indian stock markets have become a fascinating destination for investors due to its fast growth. To cater to these needs, stock brokers in India have started to woo the NRI investors with multiple services like 3 in 1 NRI trading account, low brokerage NRI plans, zero AMC NRI demat account, etc.

There are many stock brokers for NRIs in India that offer trading and investment services like derivatives, equity, mutual funds, IPOs and bonds.

NRI stock brokers can be classified into two categories

1.    NRI full-service brokers

NRI full-service brokers offer a wide range of services like portfolio management, dedicated relationship manager, research and advisory along with online stock broking. Few brokers also offer 4 in 1 or 3 in 1 account.

2.    NRI discount stock brokers

They offer limited trading services that include investment and trading in IPOs, stock, futures and options, currency, etc as directed by the trader. Their brokerage is low as compared to full-service brokers as they offer limited services.

What is an NRI trading account?

An NRI trading account provides non-resident Indians with the facility to invest or trade online in stocks, IPOS, bonds, and mutual funds at Indian Stock Exchanges.

Additionally, an NRI also requires an NRI bank account and NRI demat account to invest in the Indian stock market. As per the Indian Government regulations, NRIs are only allowed to trade or invest in currency derivatives and equity. They are not permitted to do intra-day trading or commodity derivatives.

Each NRI trading account features a unique trading ID that can be used for transactions. A trading account ensures smooth online trading and investment.

Steps for order execution for equity trades

NRIs can place buy and sell orders by using the online trading account and the software provided by the stock broker

The stock broker will send the orders to BSE or NSE

Once the order is executed, the exchange confirms to the broker. The broker informs the investor.

The broker sends the invoice to the linked bank where the customer has his account

If it is a buy order, the bank transfers the money to the broker and the shares are credited to the investor’s demat account

If it is a sell order, the broker transfers the money to the bank and the shares are debited from the investor’s demat account

Types of NRI trading accounts

Trading account can be classified into two types

NRI 3 in 1 account

This is an integrated account that combines your NRI demat account, NRI trading account and NRI bank account. Some brokers call it a 4 in 1 account as they open two bank accounts,i.e, PIS and non-PIS accounts. The 3 in 1 account provides the most convenient way for investing in the stock market. All the transactions occur seamlessly and are taken care of by the bank offering 3 in 1 account.

NRI 2 in 1 account

An NRI 2 in 1 account combines your NRI trading account and NRI demat account. These accounts are mostly offered by brokers who do not have a banking license.

It should be noted that an NRI trading account is different from an NRI trading account. The trading account is used for executing trades in the stock exchange while a demat account is used to hold securities in electronic form. If you want to trade in India, opening a demat account and trading account is mandatory.  

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How to apply for pan card from USA

The Permanent Account Number (PAN) is an essential identification number for financial transactions and tax-related activities in India. For non-resident Indians (NRIs) or foreign citizens who need to conduct financial activities in India, obtaining a PAN card is a crucial step. This guide will walk you through the process of how to apply for PAN card from the USA.

Why You Need a PAN Card

Before diving into the application process, it’s essential to understand why you might need a PAN card:

To file income tax returns in India.

To invest in Indian securities or mutual funds.

To purchase property in India.

To open a bank account or demat account in India.

Importance of a PAN Card

The PAN card is not just a tax-related document; it holds significant importance for various reasons:

Tax Filing: It is mandatory for filing income tax returns in India. Without a PAN, you cannot submit your tax documents.

Financial Transactions: Required for opening a bank account, applying for credit or debit cards, and conducting transactions above a certain limit.

Investment: Necessary for investing in mutual funds, stocks, bonds, and other financial instruments.

Property Transactions: Required when buying or selling property in India.

Proof of Identity: Accepted as a valid proof of identity throughout India.

Loan Applications: Needed when applying for loans, ensuring transparency in the loan approval process.

How to Apply for PAN Card from USA

If you want to how to apply for pan card from usa application online in usa so you can contact us +1 (416) 996–1341 or pancardservice253@gmail.com to apply for pan card from usa.

1- Visit this site indianpancardusa.com 2- And Go to application form of apply for pan card 3- fill the details 4- Upload documents 5- submit the application form.

Conclusion

How to apply for PAN card from the USA is a straightforward process if you follow the steps outlined above. Ensure that all information provided is accurate and that you submit the necessary documents to avoid delays. Having a PAN card will facilitate your financial and tax-related transactions in India, making it an essential document for NRIs and foreign citizens dealing with Indian financial institutions.

Contact us Phone:- +1 (416) 996–1341 Email Us:- pancardservice253@gmail.com