Zerodha NRI Account Opening | How To Open A Zerodha NRI Account In 2023
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
- This video explains step by step process to open Zerodha trading account for NRI. Follow the simple and easy steps to get your Zerodha account opened today.
Zerodha NRI account opening process is completely offline at the moment. You need to fill the offline form and send this to Zerodha office along with all required supporting documents.
Steps to open Zerodha NRI Account -
1. Go to website support.zerodha.com/category/...
2. Follow the step by step guide to open the account
3. Fill the offline form
4. Attach the supporting documents
5. Get the documents attested and certified by post office
6. Scan all the documents and send to forms@zerodha.com
7. Zerodha team will verify the soft copies of the documents
8. After verification, send the hard copy to Zerodha office address as mentioned on support page
9. Your accounts will be opened within 3 working days from the receipt of hard copy of documents
In case of any query, please mention in the comment section and I will help with the resolution.
Your Queries:
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00:00 Introduction
00:32 Process steps
01:37 Documents required
07:12 Contacts and address
Please watch my other videos from my channel link - www.youtube.com/@WisdomExclusive/videos
Can you make a more detailed video of filling the forms as well. Thank you.
@@rehangaibi Thanks for suggestion! Can you please tell me what you need to know further ? This is the detailed video explaining all the steps required to apply for NRI Zerodha Demat account. If you mention what specific details you need, I can try to provide such information. Thanks!
Thank you. Very informative video. Can you please let me know after converting the resident account to nro non pis account all your existing stocks and mutual funds will be transferred to the nri account?
If you have investments in other app such as groww can those holdings be transferred as well to the new zerodha nri account ?
Thanks for watching! Please find below the answers to your questions -
1. Not exactly; your current residential account will be closed; so you either sell or transfer the shares to someone's else Zerodha account, may be family and then those can be transferred back to Zerodha NRI account.
2. Investments from other broker can also be transferred to Zerodha & process is here - support.zerodha.com/category/your-zerodha-account/transfer-of-shares-and-conversion-of-shares/transfer-securities/articles/how-do-i-transfer-shares-from-another-demat-account-to-my-zerodha-demat
Please let me know in case of any further questions. Also, if you find the video useful; please consider subscribing the channel for similar content. Thanks!
Thanks for detailed info, i m in norway and norwg citizen now so how to do notary of the documents ? If i travel to india then foreign documents cant be done notary right ? Like foreign passp, foreign adress proof, electricity bills. What are the taxes for non pis trading gains ?
@sumangalgandhi4608 - Hello & thanks for watching! - I have explained the process for NRI in this video and I have used the Post office to attest the documents in UK for myself as advised by Zerodha. You can also use the post office or get those docs notarised which ever is convenient and suitable to you in Norway. Regarding the Non- PIS taxes; the charges are not much different. Please check below links for more details and let me know in case you have any question ?
Process & docs for NRI account opening - support.zerodha.com/category/account-opening/nri-account-opening/articles/how-to-open-an-account-as-a-nri
Process & docs for Foreign account - support.zerodha.com/category/account-opening/nri-account-opening/process-nri/articles/what-is-the-procedure-for-a-foreign-national-to-open-an-account-at-zerodha
Charges details - zerodha.com/charges/#tab-equities;
Long-term capital gains arising to a non-resident (not being a company) or a foreign company from transfer/sell of unlisted securities, shares, debentures, etc. are taxable at 10% (plus surcharge and health and education cess) without any indexation benefit.
For more details please raise ticket for Zerodha support team - support.zerodha.com/contact-us?article=what-is-the-procedure-for-a-foreign-national-to-open-an-account-at-zerodha&category=process-nri
Thanks, Informative
Thanks for watching🙏
Dear Sir, thanks for the detailed video. I have a question, so before I start the process for NRI dmat account creation in Zerodha, do I need to update the Pancard status to NRI?
Hello- No, you don’t need to change residential status in PAN card before applying to Zerodha NRI demat account. However, you should have NRO & NRE bank account. Please let me know if you have any further questions? Thanks for watching!
hi sir can i do uk document notary in uk and than go to India and post all the documents? as i have few documents in india.
@manuelcharlesdsouza5057 - Yes, sure - you can post from India.. They just want your all required docs which you can post from anywhere. Thanks!
sir, Do I need to Open NRI account before leaving India or After reaching in foreign country? As somewhere you said that we need to give foreign country address so to me it seems that I can open nri demat account after reaching foreign country.
Till the time NRI demat account not open , Can i use my existing demat account to sell/buy shares if I am outside India? Will it consider as FEMA act violation?
Hello Vipin, please note that you only become NRI when you spend more than 182 days outside of India. This means that you will only be considered as NRI after 6 months after leaving India. Till then you don't have to do anything. However, after 6 months you should convert all your bank accounts, declaration in income tax and if you wish to use Zerodha you should close your Indian account & open new NRI account as suggested in video. As of now, this is the only way to open NRI Zerodha account i.e. Converting your resident bank account to NRO/NRE account, closing the Indian Zerodha account and then re-open new NRI Zerodha account. Please let me know in case of any other query. Thanks for watching & support! Please like & share the video and subscribe the channel for such useful contents. Thank you very much! 🙏
Very informative, thanks
Thanks for watching! Glad you liked the information 🙏
Hi am trading with axis bank on my nre pis account.I also have nro non pis also .can i trade with both upstocks and with my existing nre pis axis bank
Hello, As an NRI you can ONLY open one Demat account under Portfolio Investment Scheme (PIS) route which you already have with Axis bank. But you can open multiple demat account under Non-PIS route to use more than one broker provided demat account. Please let me if you have any more questions. Also, in case you want to check with Zerodha or Upstox, please contact their support team - support@upstox.com; support@zerodha.com. Thank you very much for watching!
Is it necessary to courier everything? Or only sending soft copies of the documents would be sufficient?
Hello Sagar- Yes, it’s mandatory to send all documents as hard copy through courier or post. Zerodha will create your account only after receipt of required hard copy documents. Please note that this is only applicable in case of NRI account and I did the same in May 2023. Please let me know in case you have any other query. Thanks!
Thanks for the information sir .Mera sare documents hai lekin Mera pan card Indian me kya my vuse Indian post office Mera pan card attest kare vudar Mera frnd k jariye zerodha ko post kar saktha hu .ya acceptable hai?
Thanks for watching!
Yes, you can use Indian post office or bank. You need original documents to get photo copy attested. Anyone can do on your behalf.This can be done either in India or any foreign country.
thanks already subscribed 👍
@@muf4384 Thanks for subscribing 🙏
Hi, thanks for the informative video.
I already have NRE/NRO account in India with Citibank. Do I still need to get the documents notarised? I am not sure if my KYC's status is NRI or not. I would appreciate your reply.
Hello, If you already have NRO/NRE account with any bank in India, it means your KYC status is NRI. Still, you have to complete the notorisation of the documents as this is requirement of the process of opening Zerodha NRI Demat account.
Please let me know in case you have any more questions & I will be happy to help. Thanks for watching!
@@WisdomExclusive thanks for the quick response. I appreciate it a lot.
No problem, thanks!
Thank you for this informative video. I m working in Oman. I want to ask if I convert my savings account to NRO account. The net banking facility will remain same or I will have to create again?
Also I have existing account with zerodha, do I need to close it or it will be closed by zerodha?
Thanks for watching! If you convert your saving account to NRI account, then your saving account will be converted to NRO account and one additional NRE account will be created by your bank. Now, you will have NRO and NRE accounts and both will be operated under your old Net banking credentials.
If you have existing Zerodha account as resident Indian then you need to convert it to NRI account for which the process has been explained in this video. Zerodha can also close your old account but you still have to either transfer or sell existing shares. Since, I had some shares in my old account, I transferred to one of my family demat account , closed the account and requested new account via this process. In case of any other queries, please comment and I will answer as soon as possible. Thanks!
Thank you so much
Thanks for the informative video. Could you please tell me if the income proof needed for a NRI demat account is for the Income in India or abroad?
Hi Niraj - Thanks for watching and glad to know you found this video informative!
Answer to your question - I only provided NRO bank account cheque as mentioned in document list while opening my account last year. However, they have now mentioned to provide the income proof as well and under that form 16 is mentioned, so I would assume they are asking for income proof from India.
Newly added information from the link - support.zerodha.com/category/account-opening/nri-account-opening/articles/how-to-open-an-account-as-a-nri ,
* NRIs are mandated to submit income proof while opening an account due to their classification as Clients of Special Category (CSC). To learn more, see Who are Clients of Special Category (CSC), and when must they provide income proof? Income proof can be any of the following:
.Bank statement or passbook for the last six months.
.The latest salary slip.
.Form 16 or Income Tax Return (ITR) acknowledgement.
.Net worth certificate.
.Statement of demat holdings.
If I were you, I would provide Indian income proof as unless asked by Zerodha to provide external proof.
Please let me know incase you need any further information. Thanks!
Thanks for the detailed video.
Do we need to send both forms and supporting documents including cancelled cheque scan copies in email for verification or just forms?
also please confirm the cancelled cheque need signature or not.
Thanks for watching! Yes, you need to send application form and supporting docs including cancelled cheque with your signature in mail. You can create one pdf for all docs. If you don’t have cheque you can also use bank statement. Please note that these documents are also required in hard copy and you have to post or courier it to Zerodha office. Please let me know in case you have any further questions. Thanks 🙏
Thanks for your response. I have recently converted my ICICI resident account to NRO account and am waiting for new cheque book to send the forms and supporting documents. Thanks again for your help.
No problem! happy to help! & hope my video has been useful to you. Thanks!
Hello, Thanks for the informative videos . I am from UK. I have NRO & NRE Account in ICICI bank. But I don't have Demat account. So shall I take a Demat account before registering in Zerodha? , Or is it possible to open Demat account with the opening of Zerodha account ?.
Hello & thanks for watching! When you open account with Zerodha it means that you will open Demat account in Zerodha and you can use your ICICI Bank NRO account to add funds in Zerodha account. Please note that you can also open Demat account with ICICI Bank as well but in my experience Zerodha has been best platform in India for investment & trading in Indian stock market. You can also use it for mutual funds investments. Hope that helps & please let me know in case you need any other information in this matter. Thanks!
Hello @ssbricksedakulam, are you able to successfully open zerodha account using ICICI bank account ? Please share your experience. Thank you
Thank you for the detailed video. You mentioned that a valid visa is required in the passport. My visa in the passport has expired but I have a valid brp card. In this case, do I need to get a copy of my brp card notarized and submit?
Hello, YES - You need to get your BRP notarised as in UK and EU countries people get BRP after initial entry visa gets expired. If you are living in UK, I would recommend to get the photocopy of BRP, self attest it and go to the post office with original BRP to get this notarised. This is the easiest & cheapest method to get the documents notarised in UK through post office. Please let me know in case you need any further information. Thanks for watching!
You can also get your form notarised at the Post Office
@@finance-fix Yes, you are right and I have also advised post office as its cheapest & easiest in UK. Thanks!
Sir, on page 3. (Box 2) which address do we need to provide ? Overseas or indian address?
This is for correspondence or residence address - I think its better you give where you live outside India in case you want to receive any communication. However, most of the communication will happen through email but this is required for records. Please comment in case you have any further doubts. Thanks for watching! Please like, share & subscribe and provide your suggestions if you would like see any specific topic video and I will create such videos. Thanks!
Hello, how many days taken to open an account in this way ?
Hello - Once all your documents is submitted to Zerodha it will usually take 3 days to open your account. If there are any missing documents, Zerodha will contact your through email to provide such documents. Please let me know in case of any further questions. Thanks for watching!
I plan to move abroad for a visit, just for 9 months maximum. So is it okay if I keep my resident account in zerodha without changing it, if I don't use it while I am abroad?
Hello, As per rule you become NRI after 6 months of leaving India. However, if you don’t use Zerodha while abroad you can keep it. I know many people who have done this.. But, please change it if you plan to stay for longer period and want to use it. Please let me know if you have any questions. Thanks!
Hello, please answer one more query. Is it not okay to hold the resident demat account as dormant and don't invest any more in india??? And let those stocks as it is in my demat account.
In this case also- You will be considered as investor in India as you still hold shares whether you are using Zerodha or not. I would recommend to convert your account to NRI otherwise if you don’t use the account for a longer period of time, then it might be considered as dormant and you have to contact Zerodha or your demat broker to activate it. So to avoid such issues and become legally compliant you should convert your Demat to NRI. Please let me know if you have more questions. Thanks!
Do we really notarized docs if in bank kyc nri Status ?
Yes, you need either notarized docs or attested docs from post office. At least, this is required for United Kingdom. For any other case or doubt, Zerodha helpline can be contacted. Email : support@zerodha.com
Please like, share & subscribe the channel. Thanks for the support!
Hi sir
How to do KYC from overseas? Do we need do it separately or Zerodha will do it?
Hello- KYC will be done as part of application process by Zerodha. You don’t have to do it separately. Please let me know in case of any further questions. Thanks for watching 🙏
Thank you so much for your reply sir. I also want to know that I have my PAN and Adhar card photocopy with me but the originals are in India, so I need to have original with me or photocopy is ok?
Moreover, do I need to post these documents or I can email them? And do I need to post original documents as well?
@@kmlbrar6496 - As you mentioned, your original documents , PAN and Aadhar are in India, in this case you can ask your family in India to do the attestation of supporting documents. You don't have to and you should NOT send original documents except in mail or online. For your case, you can follow below steps -
1. Fill the application form as suggested in this video
2. Ask your family in India to get the docs attested
3. Then send all the documents & application form to Zerodha in email as mentioned in this video
4. Zerodha will verify your docs in email
5. Ask your family to take printout of all docs and send to Zerodha address
Please let me know in case you have any more questions or doubt. Thanks!
I am planning to do Mutual funds by zerodha coins via PIS account.
Here it was mentioned that with PIS account direct mutal funnds can not be bought.
Dose this mean that I can not use zerodha coin for mutal funnds
@avinks7137 - Yes, you are right! as per Zerodha, you will not be able to buy direct mutual funds through PIS account. However, with non-PIS account, you can buy direct mutual funds. I also have non-PIS account and can buy mutual funds thru Coin. Please let me know in case of any further query. Thanks!
But in this case, we need to use NRO account. Is it possible to open non PIS account through NRE account?
Sorry I missed your question earlier - As per Zerodha, you can use only NRO bank account for NON- PIS Demat Account
Please let me know in case you have any more questions. Thanks!
@@rajendransrini7005 NRO only for now, but Zerodha are working on making this available for NRE accounts soon. I spoke to them some weeks ago and was told it they could not confirm the timeframe, but expecting it in 2024
Can we buy and sell srtocks in nro non pis a/c
Hello - Yes, absolutely! this is the whole purpose of opening NRI Demat account i.e. to buy & sell stocks.
Please let me know in case you need any further information. Thanks for watching!
Hi @WisdomExclusive great informative video. I was not aware about everything you have explained today and i bought SGB through Zerodha last year. Now i can either convert my local Zerodha account into NRI or close and open new. This is clear. What is not clear is two things. 1- What will happen to my existing SGB bond and i bought it after i became NRI. 2- I have setup some SIPs from my NRE/NRO account directly with banks and MFs home do i need to close them or convert.
Hello - Glad to know that my video is useful for you! Please find below the answers to your questions -
1. If you still have Resident Indian Zerodha Demat Account - then yes, you need to either sell or transfer all your holdings including SGB to any other resident account ( may be of any other family member ) and then close the existing account. Then, you can open new NRI Zerodha Demat account.
2. IF you already have running mutual funds with your bank account, it will not be impacted after converting your bank account to NRO/NRE. You just have to complete the KYC again with either your individual funds or with CAMS/Karvy once.
Please let me know in case if you have further questions. Thanks!
Also, rules get changed every day - so, I would suggest to check out with Zerodha directly in case of any confusion. The phone and email contact for Zerodha are - 080 4680 5727 or support@zerodha.com
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Hello sir, i have a resident zerodha account which i had opened when i was not an NRI and now it is blocked as it needs kyc update. I have shares that i had purchased when i was a resident. Is there no way i can continue to hold these shares and still convert my resident account to non resident following the process given by you? Is there no option then to close account and transfer/sell my shares? Also can i transfer shares to my spouse who is still a resident? Thank you in advance
Hello - In this case, you can follow below steps-
1. Complete your KYC with Indian documents like Aadhar & PAN and reactivate your account
2. After activation, transfer your existing shares to your spouse as you mentioned and yes you can transfer to your spouse or any other family member resident account
3. After transfer is completed, close your current resident account. You can do this from zerodha app
4. Then, you can apply for NRI demat account as mentioned in this video and it is the process of Zerodha
Please let me know you case you have any more questions. You can also reach Zerodha support team if you want - support@zerodha.com
Thanks for watching; please like share and subscribe if you find the content useful. Thanks!
Hi sir
what immigration record should i show on application if I am holding portuguese passport resident of uk.
can i include my uk settle status?
Hello, thanks for watching! In case of a foreign passport, a valid passport, visa and the PIO, OCI or resident card is required.. This is mentioned at Zerodha portal. You can provide your Portuguese passport or BRP along with OCI card of India. In both cases, you have to provide your Indian resident permit like OCI card, resident card etc.. In case of any other requirement, Zerodha team will contact you through email. Please let me know in case of any further queries. Thanks!
goan ?
Sorry, I didn’t understand,
Can you please clearly mention about your question ?
Sir notary attest is very expensive in Canada and there are so many documents we have to get attested. The locals post offices doesn't provide this service. Is there any other option to get them attested.
Thanks for watching! In your case, you can get the documents attested/notarised in India itself with help of your friend or family member. When I was applying few months back, this was suggested by Zerodha Helpdesk. If you wish you can also double check with Zerodha - 080 4680 5727 or support@zerodha.com
@@WisdomExclusivein that case, will we need self attestation
@@user-lk1dk7xf2q NO, you have to do the attestation by prescribed authority only. What I meant is you can do this with help of your family member who can go the post office or bank in India who will check original docs and complete the attestation. Thanks!
If I open Zerodha NRI NON PIS account, and if I moved to India after few years, will I able to convert that to normal account without affecting my funds later on??
@9rushi - Thanks for watching! The process is similar, which means, if you wish to convert Zerodha Non PIS NRI a/c to Resident A/c.. you need to follow below steps -
1. Either transfer the existing shares into another domestic ( Indian Zerodha A/c of family member ) account or sell those shares
2. Close the NRI account
3. Open the online resident account
You will not lose any share or money, you just have to follow the right steps. Refer the link from Zerodha for more details- support.zerodha.com/category/account-opening/nri-account-opening/oq-nri/articles/convert-nri-account-to-resident-account . Please let me know in case if you have any further questions. Thank you very much!
What if one has never created a demat account and wanted to go through the CDSL TPIN route?
The link for CDSL says that a 16 digit Demat account is required.
Hello, CDSL is depository service where your shares are stored and you need DEMAT account for that. CDSL TPIN is protection layer which is required to sell your shares from Demat account. So, in order to use CDSL TPIN you need Demat account. Please let me know if you have more questions? Thanks!
Hello, If I convert my residential saving account into NRO account without submitting documents to zerodha. Will it solve the problems?
Hello @muhammadev3424; From your question, its not clear about your problem ? Can you please let me know a bit more ? When you convert your saving bank account to NRO it simply means that you have converted your bank account from resident Indian to NRI.. it doesn't automatically convert your Zerodha account to NRI demat account. Submitting the docs to Zerodha as per process explained in this video is only if you want to convert your Zerodha account from Indian to NRI. Bank account is separate process and pre- requisite for Zerodha Demat account. Please let me know if I answered your query? Thanks for watching and support!🙏
Thanks for your reply. I am now outside India and still using Zerodha with residential savings account.
@@muhammadev3424 Okay, in that case, you will become NRI after 181 days of leaving India and if you plan to stay outside and have become NRI, you should convert your bank accounts to NRO and NRE. Then, you should also convert your Zerodha to NRI account. Although many people use it as residential but it can lead to financial penalties if caught by Income tax. So, for peace of mind and legally using bank and demat account outside India as NRI, its recommended to convert to NRI account. Thanks!
Thanks again. Is there any other brocker who has less procedure to start NRO non PIS demat account l?
@@muhammadev3424 I am using Zerodha and therefore made video for this. However, there are other brokers like Angel broking, 5 paise and Upstox. Also, you can use banks like ICICI, HDFC etc. for Demat account but for documentation process as to how difficult or easy it might be I am not very sure and you have to check with choice of your bank or broker. Please let me know in case you need any further information. Thanks!
Sir I'm a sea farer, so I don't have any foreign address, what shall I put in the form for foreign address?
Hello - This is first time someone has asked this question. I checked everywhere but couldn't find exact answer to this question. However, I think either your employer address |(if overseas) or your Indian address should work. When you send your application to Zerodha over email, they will verify and ask you to change it if they feel it should be different. But if you want you can confirm beforehand by asking them either thru call or their email to avoid any confusion - The phone and email contact for Zerodha are - 080 4680 5727 or support@zerodha.com. Please let me know in case you have any more questions. Thanks for watching!
Sir am nri living in Kuwait so can i open zerodha demate account with NRO bank account...
Yes, you can open Zerodha NRI Demat account and use your NRO bank account to add money and do the investment. Please let me know in case you have any more questions. Thanks!
Very good and informative video. But I still have many questions in my mind. I also recently moved to UK but staying in India at the moment 9n holiday's
Q 1: Can I get all documents shown in your video, attested within India? Or Only Indian documents can be attested in India but UK documents (BRP, Address proof) needs to be attested within UK only?
Q 2: how much it costed you to send all your documents via post from UK to India?
Q 3: I have already invested in various mutual funds via Zerodha Indian resident account. What will happen to those investment when I open the zerodha NRI account? I also have ELSS investment and cannot redeem it before 3 years.
Q 4: Are you aware of any other platform or app which can provides Direct mutual fund investments to NRI. I found and app named SBNRI, its easy but provides regular Investment.
Q 5: I am in the process of updating my savings account to NRE and NRO. But problem is I have 3 savings account: 1 primary, 1 secondary (used to get my salary) and 1 Govt bank. Do I need to change all 3 to NRE/NRO? Or I just change my main account linked with Zerodha for payments for investment?
Thanks for watching and your queries. Please find answers to your questions as below -
Ans 1: The main documents which require attestation/notarisation has been done in UK through post office. Since, I was in UK while opening account, I did everything in UK but this can be done in India as well per Zerodha.
Ans 2: Through post office tracking service you can send in £7 approx. However, non tracking is as low as £2 but you should opt for tracking service. Please refer for details - www.royalmail.com/sending/international/country-guides/india
Ans 3: When you open NRI Demat account with Zerodha, they will close your existing account and open a new NRI Demat account. In case of stocks/shares, you have to either sell or you can transfer to another DMAT a/c. For mutual funds, you will not be able to continue but you can track existing mutual funds through individual mutual fund house website and after opening new account you can request Zerodha to transfer those into your new account. Your all existing mutual funds including ELSS can be left and tracked through individual mutual fund houses but you have to do KYC process again.
Ans 4: For direct mutual fund, you can use Kuvera app and website. I have been using this and is very simple, allow for NRI and direct mutual funds. You can also import existing mutual funds into Kuvera for tracking. Please refer - kuvera.in/
Ans 5: Ideally, you should change all your banks to NRO/NRE after becoming NRI to avoid any complications. If you don't need multiple accounts, you can also close such accounts.If you change one account to NRE/NRO and leave others as resident Indian, it will create conflict as you shouldn't and can't have NRI and resident accounts at the same time.
Hope I answered all your questions, but in case of any further query please let me know. Thanks
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What about the application number in FEMA declaration form ?
Hello, I left it blank as this is the annexture to application form signed by applicant. Zerodha might fill if they consider it necessary. I only signed the document and sent to Zerodha and my account was opened successfully. However, in case of any additional information Zerodha will reach out to you. Please let me know in case of any further questions. Thanks!
I had opened an demat account with zerodha recently using my nre account online without submitting any of these documents it was an online process like any Indian would normally open and have already made long term investmest in stocks using UPI from my linked NRE account….i did not know about the nre and Nro demat account before I have done the investment….i want to know is it still possible to withdraw my money when I decide to sell these stocks ? What should I do next to avoid penalties and continue to make more investments?
@ajaychoudhary3243 - Thanks for your query! I had resident Indian Demat account with Zerodha which was opened online in India but I closed that after becoming NRI & followed the process explained in this video to open the Non- PIS NRI Demat A/c May this year 2023. I double checked again at Zerodha portal and still the process is as explained in the video. However, you can fill information online but still you have to provide these information in offline printed forms and send back to Zerodha headquarter in Bengaluru. - support.zerodha.com/category/account-opening/nri-account-opening/oq-nri/articles/can-nri-account-be-opened-online#:~:text=NRIs%20and%20Persons%20of%20Indian,accounts%20cannot%20be%20opened%20online.
How did you open without proving these information and without sending offline docs ? Did you open online without mentioning NRI status and provided your NRI bank account ? When I opened back in India, then I didn't have to provide any hard copies and its still completely online but for only Indian residents. Your case is bit strange for me as you mentioned you did not provide any of these docs, then what address you mentioned while opening the form and what proof you provided? Also, as of today NO any bank is providing UPI services for online transactions for NRI. Can you please help with my queries, then I would be able to suggest the right steps.Thanks
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I did not see any option for nri while applying online ….and I am a seafarer so I go out but still reside in india so I hold pan and aadhar card but my account is nre as I comply 182 days requirement of staying out of india for employment purpose …I used my nre bank only to add to the account but zerodha never asked any documents to be sent to them …my hdfc bank allows upi payment and I even have paytm that also allows UPI payment for me while I am in india which is what I used to add balance to my zerodha account…I want to know what happens to the shares I have already purchased can those also be transferred to the new non pis account as you mentioned?
@@ajaychoudhary3243 Okay, then I think your account is opened as resident Indian. As you mentioned- you stay out for more than 182 days out of India which makes you NRI and you should convert your Zerodha account to NRI to be legally compliant. The current shares can be transferred or gifted to another Zerodha account of your family if you don't want to sell or you can sell these shares and close this account and then apply for Fresh NRI Demat account. I believe you are using UPI due to your Indian mobile number? If I were you, I would sell/transfer existing shares, close the Indian demat account and open NRI Demat account. Also, if you wish you can contact Zerodha support team - support@zerodha.com for your piece of mind. Please let me know in case of any other query. Thank you very much!
Ajay can you send the link for online
@@richerite If you want to open resident account then link is zerodha.com/open-account/
If you want to open NRI account then all process is given at support.zerodha.com/category/account-opening/nri-account-opening?language=english
Hello we migrated to UK last sep23 . M very new to stockmarket nd trading. Last month i just started learning thru basic Indian stockmarket course and m trying to open account in zerodha giving my adhar, pan and india bank details.. but it is restricting saying you are outside of india. If u a in india plz check if u hv active vpn. My query is can i not activate normal zerodha account with india ID proofs nd Bank details, is it mandatory to activate NRI account only.
Nex can i access it using VPN, if so can u suggest me free VPN plz and Is it legal to Use VPN in UK, will this effect my Visa or NI or in anyway. Or should i go for another Brokerage like Angel or upstox.. plz help me , m soooo confused as m new to this market. Even after opening zerodha account can i trade or will it restric me in any other ways.
Hello - Please find below answers to your questions-
1. Technically, when you reside outside of India more than 182 days, you become NRI and therefore, you should open NRI demat account as its legal requirement
2. Yes, you can use VPN services and you might be able to open resident account thru VPN but you will NOT follow the rule and you might end up in more confusion & problems like ITR file, bank accounts in India etc...
Also, other brokers have to follow the same rule like Angel or Upstox. It may sound difficult initially, but using your NRI account would be more beneficial and compliant to rule & laws. Please let me know in case you have any more questions? Thanks for watching! Please like, share & subscribe if you find the content useful. Thanks!
Thank you, can u plz suggest Best affordable VPN or any free VPN that we can access india@WisdomExclusive
@@daisyy2371 Well you can try any free available VPN from google and see by yourself to suit your needs. I have been using ExpressVPN which is good and currently available £5 apporx per month if you have to buy. Thanks!
Jai Hind everyone sir thank you so much for the video is a PIS or NON pis better please recommend
Jai Hind Friend! - I would definitely recommend Non- PIS account for retail investor & I have done same for myself. A Non-PIS account does not require a permission letter from the RBI. In this account, funds only from an NRO bank (any NRO Bank) account can be invested. The Non-PIS account is recommended as it has fewer restrictions, lower costs, and a more effortless investing experience.
On the other hand - A PIS account requires a permission letter from the RBI to buy and sell shares in the Indian markets. You can find more comparison from the link - support.zerodha.com/category/account-opening/nri-account-opening/pis-non-pis/articles/difference-between-pis-and-non-pis
Please let me know in case of any further questions.Thanks for watching!
@@WisdomExclusive thank you so much for this 🙏
@@tabrezkazi1941 No problem! - Happy to help 🙏
Hello sir, i am in oman country so how can i get the post office attestation in india, my family members can do this attestation with out my presence ? If yes what are all the documents they needs to submit in postoffice? Please help me.
Hello, I would advise to do this in Oman itself if you can do.. it would be easy for you and then you can post docs to Zerodha in India. But if you want your family member can do in India as well. The complete document list can be found at link - support.zerodha.com/category/account-opening/nri-account-opening/articles/how-to-open-an-account-as-a-nri#:~:text=Self%2Dattested%20and%20notarised%20copy%20of%20the%20overseas%20address%20proof,or%20lease%20or%20sale%20deed
Please let me know if you have any more questions. Thanks!
@@WisdomExclusive ok sir thank you.
As a nepali living in japan . can i invest in indian market and mutual funds ?through japan .
Hello, Yes - as per Zerodha; Foreign nationals can open Zerodha account. please see the page for details - support.zerodha.com/category/account-opening/nri-account-opening/process-nri/articles/what-is-the-procedure-for-a-foreign-national-to-open-an-account-at-zerodha
In case of any queries, you can reach out to Zerodha at support@zerodha.com
@@WisdomExclusive is there any demo video ? its documentation are huge and confusing for me
I think its similar to what this video but initial few steps are a bit different. I don’t have any other video but will check for any other video and share with you. Thanks!
Hi sir hope you are doing well,
I just wanted to ask you to give me some ideas about how to start investing in mutual fund from gulf through zerodha. I live in oman since last 5 years i have SBI account in india and i have a salary account here which is bank muscat could you please guide me what are the procedures 1st to end for start investing from here thank you.
Hello, I am very well & thanks for watching!
If you want to use Zerodha for investing in Indian stocks and mutual funds, please follow below steps -
1. First convert your Indian SBI bank account into NRO/NRE account if not already done. You can also open a new NRO & NRE bank account of your choice in any new bank. You can't use your foreign bank account to invest as NRI
2. Then you have to open NRI Demat account through Zerodha as explained in this video
3. Once account is opened, you can use COIN app of Zerodha to invest in mutual funds
4. Add funds to your Zerodha account through NRO bank account to buy mutual funds
5. You can also use KITE app of Zerodha for investing in stocks if you decide
Please let me know in case of any question. Thanks!
@@WisdomExclusive thank you so much god bless you.
No problem! Happy to help 🙏
Hello sir hope all is well
first of all thanks to you for very helpfull video.
Mere kuch question's hai please guide me
Q.1. Mein filhal QATAR me hun or HDFC bank me nro account open karwana chahta hun?
To kya mein ye ONLINE open karwa sakta hun.
Q.2. Kya nro account or resident account me tax, charge same hi lagta hai ya isme koi change hai?
Q.3 kya mein zerodha non pis demat account throue nro account se SIP kar sakta hun?
Q.4 mere paas indian passport hai or mein ye process india se hi karna chahta hun to kaise krun?
Like docoment kanha se attested karwana hoga or QATAR ke konse docoment chahie? Kyonki QATAR me visa passport ke kisi page par nhi lagta hai yanha sirf residency permit id dete hai usi me online lagta hai to kya us residency permit ki copy ko bhi attested karwana hoga?
Q.5 kya ek NRO account se ONLINE paisa kisi residence account me trnsfer kar sakte hai?
Yani netbanking se
Please please guide me sir
Thanks alot sir
Already SUBSCRIBE👍👍
Hello - Thanks for watching and subscribing! Please find below answers to your questions-
Ans 1 - Yes, you can open NRO account in HDFC bank. Please see the link and details to open HDFC NRO a/c - www.hdfcbank.com/nri-banking/save/nri-accounts/savings-account/nro-savings-account
Ans 2 - You have pay taxes for the income earned in India in NRO account. Please see details - www.hdfcbank.com/personal/resources/learning-centre/save/tax-implication-on-nro-account
Ans 3 - Yes, you can use NRO account to invest through Non - PIS Zerodha Demat A/c in share market including SIP. You can also use NRO account to invest in mutual funds if you want.
Ans 4 - If you want to open NRO A/c from India - You can do it either visiting branch or online as mentioned in ans1. For Zerodha, you have to fill the form and send scan copies to Zerodha in mail and after they verify your documents, then you have to send hard copies to Zerodha office. So, you can open both accounts from outside or inside India as per your choice. Yes, you can use residency permit as Visa or proof of foreign residence.
Ans 5 - Yes, you can transfer funds from your NRO account to any other resident account. But please note that, you should only transfer to your NRE account in case of foreign transfer to avoid high taxes.
Please let me know in case you need any more information. Thanks!
Thank you sir your reply 😘😘
@@WisdomExclusive sir ek question or hai agar possible hai to please guide me.
I want to stay only four or five years more here in Qatar. After that I want to go to india.
So i want to ask you sir which account good for me.
So that I can start SIP in the Indian market and also invest money in mutual funds. And I don't have to pay much tax. I don't have any earning in India right now.
Like NRO non pis account
NRO PIS account
OR
NRE NON PIS account
NRE PIS account
Which one good for me.
@@PandiTParkash-de1pk You become NRI after 6 months of leaving India. So, you should convert your bank accounts to NRO/NRE account. The best way is to use Non-PIS Demat account which can be linked to NRO bank account and you can invest in Indian share market. Also, from Zerodha COIN App you can invest in mutual funds. Zerodha also recommends - NRO NON- PIS Account for most of the people. When you go back to India you can convert all your bank and Demat accounts to resident Indian accounts.Thanks!
I am A Foreign National Means I Am Not A Indian Residences Can I Open A Account
Hi Fahim, As per Zerodha; Foreign nationals can open Zerodha account. please see the page for details - support.zerodha.com/category/account-opening/nri-account-opening/process-nri/articles/what-is-the-procedure-for-a-foreign-national-to-open-an-account-at-zerodha
In case of any queries, you can reach out to Zerodha at support@zerodha.com
Please like, share & subscribe the channel. Thanks for your kind support!
What is process while person in India
Hello, IF you are an NRI and currently in India, then you can follow below steps -
1. Fill the application form as suggested in this video
2. Get the docs attested
3. Then send all the documents & application form to Zerodha in email as mentioned in this video
4. Zerodha will verify your docs in email
5. Take printout of all docs and send to Zerodha address
6. If you are outside India, you can do same steps from outside any other country
If you are an Indian citizen living in India (NOT NRI) then process is simple. you can open account online from the link - zerodha.com/open-account/
Please let me know in case you have any more questions or doubt. Thanks!
NRI account opening se pehle NRO/NRE hona compulsory hai... But NRO account open kaise kare??
नमस्कार, आप इसे लगभग सभी निजी/कॉर्पोरेट बैंकों में ऑनलाइन कर सकते हैं। मेरा खाता आईसीआईसीआई बैंक में है और मैंने इसे ऑनलाइन इंटरनेट बैंकिंग के माध्यम से किया है। मुझे यकीन है, अन्य बैंक भी यही सुविधा प्रदान करते हैं। लेकिन यदि आपका बैंक ऑनलाइन सुविधा प्रदान नहीं करता है तो आपको अपने खाते को एनआरओ/एनआरई (NRO/NRE) खातों में बदलने के लिए अपने बैंक में जाना होगा। यदि आप मुझे बता सकते हैं कि आप किस बैंक खाते को परिवर्तित करना चाहते हैं, तो मैं आपके लिए जानकारी search kar सकता हूँ? Thanks!
@@WisdomExclusive I have mine account in Canara bank
@@utsavthakkar1287 Can you please check in your online banking account if you have option to raise service request for this? IF not, then I think you need to contact your bank.
You can find phone or email address from the link - www.canarabank.com/UploadedFiles/Pdf/nri-cell-contact-details.pdf
The whatsapp number - 90760 30001...
You should be able to find all information or process from these contacts if your online account doesn't have such facility. Thanks!
@@WisdomExclusive yes I checked... It is available.
Great, you should be able to do now…
Please let me know in case you have any questions for bank account or Zerodha account opening.. Thanks 🙏
Omg too much document 😢😮
Yeah indeed, but unfortunately this is only way as of now.. But, it will take almost 30 mins or less when you are ready with all information.
@@WisdomExclusive do I need to submit all these docs for nro non pis account.. like notary attested docs , and other approved docs from bank
Yes, these instructions are for Non- PIS with NRO only. In place of notary you can also get docs attested by post office which will be easier & cheaper.
@@WisdomExclusive you mean post office in india or abroad?
@@sriharshab2811 I meant to use Post Office in abroad to send docs in India to Zerodha office. But if you are in India during your visit, then you can also use Indian post office or any other courier services. I have specifically mentioned for Post office services of United Kingdom which is cheaper as compared to other courier services for sending documents from UK to India. Please comment in case of any other query.Thanks!