You are required to fill up and submit a number of forms and documents via post to open a Zerodha account as an NRI. Continue reading and be informed.
A Non-resident Indian status is given to a citizen of India who has stayed 365 days or more abroad in the previous four financial years or 60 days straight or more abroad in the current financial year. This person should have stayed in India for less than 182 days in the previous financial year.
Zerodha is the number one trading platform in India. You can trade in shares, bonds, currencies, commodities, mutual funds, ETFs etc., within a Zerodha account. They are well known for their trading and research tools. They are technologically advanced, have a user-friendly interface and are cost competitive.
In this article, let’s explore if and how an NRI can open a Zerodha Demat and Trading account.
The NRIs can open and invest in two types of accounts:
You must first download and fill up the following forms:
You must validate the details given in the above forms by submitting the following identification proofs:
You must post all the above-mentioned documents to Zerodha office address in Bengaluru. Your account will get activated in 24 to 48 hours.
Zerodha is open to NRIs, however, one cannot open an account online, just like an Indian resident does. In case of further queries, you may contact NRI held desk of Zerodha: +91-080 4719 2020 also.
Wish to open an account with one of the best discount brokers in India? Open a Demat and Trading Account with Zerodha and grow your investments.