Can an NRI Open a Demat Account With Angel One?

Last Updated: Mar 19, 2024 Value Broking 3 Mins 1.6K

The process of opening NRI accounts with Angel One is different in comparison to the regular resident Trading and Demat accounts. NRI clients can strictly only open an NRI Trading and Demat account in offline mode by following these steps:

You will need to open a PIS account with a designated bank associated with Angel One. Some of the following banks are Axis Bank Ltd, HDFC Bank Ltd, IDFC First Bank Ltd, IndusInd Bank Ltd, YES Bank Ltd.

The required documents (duly filled and signed) for opening an NRI trading and Demat account are as follows:

1. NRI Trading and Demat Account Opening Form (duly filled and signed),

2. Common email and phone number declaration forms (only for applicable clients).

3. NRO Investment Proof / NRE PIS approval letter from a respective bank.

4. NRE / NRO saving bank account proof (canceled personalised cheque and latest statement)

5. PIO / OCI card copy, if the place of birth is not India

6. Passport arrival page copy (if in India), Copy of PAN Card, Passport and Visa (photo page, address page, and recent arrival stamp page), Foreign address proof (any one of the following), Passport, Driving Licence, Utility Bill (electricity bill / gas bill / water bill – Not more than 3 months old).

7. Original Bank Statement + Cancelled Cheque Leaf / Copy of Bank Statement duly attested by bank officer with his name, branch, designation, signature, and banker stamp (not older than 3 months)

8. Indian address proof (Anyone of the following)

Passport
Voter’s ID
Utility Bill (not older than 3 months)
Driving Licence
Original Bank Statement + Cancelled Cheque Leaf / Copy of Bank Statement duly attested by bank officer with his name, branch, designation, signature, and banker stamp (not older than 3 months)
Valid Leave and Licence Agreement / Purchase Agreement

9. Letter of Authority is required in case of an account with Axis Bank (PIS & NON-PIS)

The NRI clients are required to complete the NRI Trading and Demat Account Opening Form and send the scanned copy to the email id: hyd-kycnorth@angelbroking.com. Upon confirmation, you must send a duly signed filled form along with the required supporting documents to Angel One’s Hyderabad Office to open the Trading and Demat account at the address below.

Address: Osman Plaza 6-3-352, 2nd Floor, Road no – 1,Banjara Hills, Hyderabad-500034, Telangana, India.

You can resolve your queries or to know the status of your account opening form, all you need to do is mail us at:hyd-kycnorth@angelbroking.com & Support@angelbroking.com.