Home

NRI Services

Invest in India, From Wherever You Are

NRI-focused investment solutions — curated, compliant, and just 48 hours away.

As a Non-Resident Indian, your connection to India doesn’t have to end with a passport. At Indira Securities, we simplify your journey into Indian markets — securely and efficiently.

We now offer a dedicated gateway for NRIs to:

Open NRI Demat & Trading accounts in 48 hours
Explore equity investments in Indian stock markets
Access handpicked Mutual Funds & ETFs curated for NRIs
Follow tax-efficient investment strategies
Get personal guidance from a dedicated Relationship Manager
Trade digitally with research-backed insights

Our Offerings

One Account. One Click. One Country You Call Home.

NRI Demat & Trading Account Opening

Curated Mutual Funds & ETFs for NRIs

Dedicated Relationship Manager

Investment in Indian Equity Markets

Tax-efficient Investment Strategies

Online Trading Platform + Research Reports

Minimal Steps – “Get Started in 48 Hours”

1 Connect with Us–

Fill a quick interest form or contact our team

2 Complete KYC & Verification–

We assist you through every step

3 Get Started–

Begin trading or investing within 48 hours

India is growing. Let your wealth grow with it.

Get Started

Indira Securities Pvt. Ltd.

Trusted brokerage firm with 38+ years of legacy and research-backed investing.

FAQs

Who is an NRI?

A Non-Resident Indian (NRI) is an Indian citizen or a person of Indian origin who resides outside India for employment, business, education, or other purposes that indicate a long-term stay abroad.

According to the Income Tax Act of India, a person qualifies as an NRI if they stay in India for less than 182 days during a financial year. NRIs enjoy special banking and investment privileges, such as opening NRE and NRO accounts to manage their Indian and foreign income. They are also subject to different taxation rules on income earned in India and abroad depending on their residency status.

Can an NRI open a demat account?

Yes, an NRI can open a demat account in India, but it must be specially designated for NRI use.

There are two types: NRE demat account for investments made with foreign income (fully reparable) NRO demat account for investments using income earned in India (Non reparable).

To invest in Indian equities, the NRI must also have a Portfolio Investment Scheme (PIS) permission from the RBI through a designated bank. This allows NRIs to buy and sell shares on Indian stock exchanges. The demat account must be linked with the NRI’s NRE/NRO bank account and the PIS approval.

What is an NRE and NRO account?

An NRE (Non-Resident External) account is a bank account for NRIs to deposit foreign earnings in India. It is maintained in Indian Rupees, and both principal and interest are fully reparable and tax-free in India.

An NRO (Non-Resident Ordinary) account is used to manage income earned in India, such as rent or dividends. It is also held in Indian Rupees.

What document is required in an NRI account through PIS Schemes (NRE BANK ACCOUNT)?

To open an NRI account through PIS schemes, the following documents are required:

Customer Application Form	Equity application form
PIS letter	Self-attested copy of the PIS letter from the bank. NRIs can get the PIS letter with the help of the bank where the NRE account was opened. RBI has authorised only designated branches of a bank to administer the PIS. (Note: If PIS letter is not self-attested in such cases customer must provide self-attested RBI declaration form PDF).
Foreign Account Tax Compliance Act (FATCA) declaration	FATCA declaration
TINs for countries	The common TINs are as follows:
	USA: SSN, EIN or ITIN
	Canada: SIN
	UK: UTR or NINO
	Singapore: NRIC or FIN
	Australia: TFN
Foreign Exchange Management Act (FEMA) declaration & RBI declaration	Foreign Exchange Management Act (FEMA) declaration
Passport	Self-attested and valid passport, visa and the PIO, OCI or resident card.
PAN	Self-attested PAN copy.
Address proof	Self-attested copy of the Indian address proof
Address proof	Self-attested copy of the overseas address proof in English. The address proof can be any of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs.
Bank proof	Self-attested personalised cancelled cheque or bank statement from the NRE account.

What document is required in an NRI account through non - PIS Schemes (NRO Bank account)?

To open an NRI account through non-PIS schemes, the following documents are required:

Customer Application Form	Equity application form
Foreign Account Tax Compliance Act (FATCA) declaration	FATCA declaration
TINs for countries	The common TINs are as follows: USA: SSN, EIN or ITIN/Canada: SIN/UK: UTR or NINO/Singapore: NRIC or FIN/Australia: TFN
Foreign Exchange Management Act (FEMA) declaration	Foreign Exchange Management Act (FEMA) declaration
Passport	Passport
Passport	Self-attested and valid passport, visa and the PIO, OCI or resident card.
PAN	Self-attested PAN copy.
Address proof	Self-attested copy of the Indian address proof
Address proof	Self-attested copy of the overseas address proof in English. The address proof can be any of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs.
Bank proof	Self-attested personalised cancelled cheque or bank statement from the NRE account.

Can an NRI invest in equity delivery?

Yes, an NRI can invest in equity delivery in India through the Portfolio Investment Scheme (PIS) approved by the Reserve Bank of India. They must open a PIS-enabled NRI demat and trading account linked to their NRE or NRO bank account. All investments must be in compliance with RBI and SEBI regulations, and intraday trading is not allowed.

Can an NRI trade in F&O?

Yes, NRIs can trade in Futures and Options (F&O) on Indian stock exchanges through NRO Non-PIS accounts. They must open a trading and demat account with a SEBI-registered broker and fund it via their NRO bank account. While PIS is not required for F&O, all trades must comply with RBI and SEBI regulations, and intraday equity trading remains restricted.

Can an NRI trade intraday?

No, NRIs are not allowed to trade intraday in the Indian stock market. They can only engage in delivery-based equity trading, where they must take or give delivery of shares. This restriction is in place to ensure compliance with RBI and SEBI regulations governing NRI investments in India.

Is BTST available for an NRI?

No, BTST (Buy Today, Sell Tomorrow) is not available for NRIs. NRIs are restricted to delivery-based trading under RBI and SEBI guidelines, which require actual possession of shares before selling. Since BTST involves selling shares before taking delivery, it is not permitted for NRI trading accounts in India.

Can an NRI invest in SGBs

Yes, an NRI can invest in Sovereign Gold Bonds (SGBs) in India. However, they can only do so through a repatriable or non-repatriable NRO account. The investment must comply with the RBI and SEBI regulations. Additionally, NRIs can purchase SGBs during the subscription periods offered by the government.

Can an NRI trade in currency and commodities?

No, NRIs are not allowed to trade in the currency and commodity segments on Indian exchanges. These segments are restricted under RBI and SEBI regulations for NRI investors. NRIs can only participate in delivery-based equity trading and certain derivatives through approved routes, subject to specific guidelines and account types.

Who is a person of Indian Origin?

For the purposes of investments in shares/securities in India, person of Indian origin means a citizen of any country other than Pakistan or Bangladesh, if

a) he at any time, held an Indian passport; or

b) he or either of his parents or any of his grandparents were a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1995); or

c) the person is a spouse of an Indian citizen or a person referred to in clause (a) or (b)

Who is an Overseas Citizen of India (OCI)

Under OCI Scheme operational from 02nd Dec 2005 government of India decided to grant overseas citizenship of India (OCI) commonly known as “dual citizenship”. A foreign national, who was eligible to become a citizen of India on 26.01.1950 or was a citizen of India on or at any time after 26.01.1950 or belonged to a territory that became part of India after 15.08.1947 and his/her children and grandchildren, provided his/her country of citizenship allows dual citizenship in some form or other under the local laws, is eligible for registration as an Overseas Citizen of India (OCI). Minor children of such person are also eligible for OCI. However, if the applicant had ever been a citizen of Pakistan or Bangladesh, he/she will not be eligible for OCI.

Can PIO (Person of Indian Origin) as well as OCI (Overseas Citizen of India) also invest in shares in India?

Yes, PIOs and OCIs can invest in shares in India under NRI category.

Can an NRI have two PIS account?

No, any NRI or a PIO can have only one PIS account in India. Say for example if he is having a PIS account with X bank and he wants to shift to HDFC Bank, then he has to close the PIS account there and open a PIS account with HDFC Bank.

Where to submit the hard copy of an NRI account document?

You can submit the hard copy via courier it to the following address:

To:
Indira Securities Pvt. Ltd.
204-205, Amardarshan,
28/2 Old Palasia, Saket Square,
Indore-452018 M.P.)
Contact: - 0731-4797130,235
Email: - ucc@indiratrade.com

Register with us

Terms & Condition

ATTENTION INVESTORS
KYC
CDSL

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

6. Risk disclosures RISK DISCLOSURES ON DERIVATIVES:

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost

Dear Investor,
As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor.
https://www.bseipf.com/investors_education.html
We believe that an educated investor is a protected investor !!!

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."

"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on dp@indiratrade.com by today EOD."