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| Discuss US based NRI can't get demat accounts? at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; I am sure this topic has been beaten to death so sorry about that. ICICI ... |
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#1
17th January 2008, 02:20 AM
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US based NRI can't get demat accounts?
I am sure this topic has been beaten to death so sorry about that.
ICICI bank just told me that US and Canada based NRIs cannot get a demat account. What are the ways in which a Green Card holder can trade stocks on the Indian bourses - other than getting a demat account by giving them your Indian address? Thanks! 
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#2
17th January 2008, 08:07 AM
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Re: US based NRI can't get demat accounts?
All the NRIs are eligible to open DMAT account. I am an NRI living in USA and I have a DMAT account with ICICI Bank. Only problem is that the NRIs cannot use their Broker services - electronically or otherwise. You will have to use services of a private broker to do any transactions.
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#3
17th January 2008, 08:15 PM
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Re: US based NRI can't get demat accounts?
Thanks for responding. I wonder why this person told me otherwise.
One more question: I don't have a PAN card. Does this need to be done before I apply for a demat account? Or will then automatically get me a PAN card as well?
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#4
23rd January 2008, 09:11 AM
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Re: US based NRI can't get demat accounts?
Quote:
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#6
25th January 2008, 03:12 AM
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Re: US based NRI can't get demat accounts?
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Please guide. I am planning to invest in India stock market.
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#7
16th February 2008, 12:49 PM
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Re: US based NRI can't get demat accounts?
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You can try contacting Shah Investors who offer NRE Share trading services. www.shahinvestors.com There is a toll free number for USA to contact. I am currently having account with them, but opened from UK.
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