Account Opening

Account Opening Form to Open Securities Account

	Resident Non Corporate Account Opening Form
	Resident Corporate Account Opening Form

	No approval from the Reserve Bank of India (RBI) is required for opening a Depository Participant (DP) Account. However, if you do not hold any shares at the time of opening the account, please enter in the account opening form as follows:
	1. Submission of Passport and Valid Visa Copy is mandatory for NRI Customers for opening a Depository Participant (DP) Account with effect from 7th May 2007
	2.RBI reference no: No Holdings
	3.RBI approval date: Present date
	If you hold shares that were allotted in the primary market (under the Direct Investment Scheme), please enter in the account opening form as follows:
	1.RBI reference no: Under General Permission
	2.RBI approval date: Present date
	If you are providing your foreign address as your address of communication. NRI rate card will be applicable to you. Else you can open account in Standard Rate Card.

Tips for deciding NRI account combinations .

   NRI Investments are classified on the following basis:

A. Repatriable

Repatriable funds (i.e. those which can be taken abroad) need to be kept in a separate bank account, i.e. NRE Bank account. Typically, funds brought in from abroad are permitted in such an account. Investments made from such funds can be repatriated, i.e. proceeds from sale or otherwise from such investments can be taken abroad. Such investments are maintained in a Repatriable Demat account.

B. Non-repatriable

Non-repatriable funds (i.e. those which cannot be taken abroad) need to be kept separate from repatriable funds in a separate bank account i.e. NRO Bank account. Investments made from such funds cannot be repatriated, i.e. proceeds from sale or otherwise from such investments cannot be taken abroad. Such investments are maintained in a Non-Repatriable Demat account. Money once transferred from NRE account to NRO account loses its repatriability and hence, cannot be transferred back to NRE account.

 Mode of Investment :

A. Portfolio Investment Scheme (PINS)

Portfolio Investment Scheme (PINS) is a scheme of the Reserve Bank of India (RBI) under which the 'Non Resident Indians (NRIs)' and 'Person of Indian Origin (PIOs )' can purchase and sell shares and convertible debentures of Indian Companies on a recognized stock exchange in India by routing all such purchase/sale transactions through their account held with a Designated Bank Branch . The Designated Bank maintains a record of all investments done under PINS (PINS portfolio).

B. Non - PINS

Any investment other than under PINS is Typically, this includes:

Deciding Combination :

You may have to open demat accounts of a specific combination if you already hold physical shares in that combination. The physical shares can be converted into electronic form in your demat account by submitting the certificates along with a demat request form. You should also open the required combination under the correct type of demat account :

 PINS NRE : For shares acquired earlier under PINS on repatriation basis.
 PINS NRO : For shares acquired earlier under PINS on non-repatriation basis.
 Non-PINS NRE : For shares acquired earlier other than under PINS on repatriation basis.
 Non-PINS NRO : For shares acquired earlier other than under PINS on non-repatriation basis and  also  when 'Resident' in India.