Avail NRI Services in India Conveniently

In case you are a Non-Resident Indian and wish to invest in the Indian capital markets, then opening a demat account is the first step towards it. That does not mean you have to come all the way to India leaving you other important work for opening an account at the time of planning your investments. Opening an NRI Demat account is very easy. You can simply contact a stock broker in the country directly offering NRI services. Not only stock brokers, there are many Indian banks, both private and public sector banks, which offer Demat account services to the NRI investors. There are many reasons why you are told to open an NRI Demat account. The main reason is the guidelines set up by the Indian market regulator, Securities and Exchange Board of India (SEBI), which makes it mandatory for you to open a demat account is you want to trade in the country’s stock markets. rnKeeping this compulsion aside, there are many benefits of possessing dmat account. First things first, demat account helps you to store your securities in dematerialized form, the prime purpose of a demat account. This dematerialization of securities help in eliminating all the risks related to physical certificates. rnOther than that, you will also receive regular statements for helping you in monitoring your port6folio periodically. Some of the brokers even give you an option of buying or selling a single stock, with no pre-determined limit on minimum lot. There are two types of NRI Demat Accounts, namely Repatriable and Non-Repatriable Demat Accounts. A Repatriable Demat Account is meant for those shares that are bought with repatriable funds. The sale proceed of these accounts is generally accounted to your NRE Bank Account. On the other hand, a Non-Repatriable Demat Account is meant for those securities and shares that are purchased using non-repatriable funds, or at the time of you being an Indian citizen. The sale proceed of such shares are credited to your NRO Bank Account. While opening such accounts, majority of Indian banks give the option of transferring securities just by having a dialogue with bank representative. However, there are numerous banks that provide for secure online transfer, which can be done by logging on that particular bank’s website. In case of the international banks, you can use the IVR mode by calling the local customer care number. rnIn case you are about to open such an account, do make you own research by checking out the various terms & conditions as well as peruse their fine print. You can also post queries in forums for asking people their own experiences. Making investments is a serious decision, which makes the selection of the right broker very important.