How to open a trading account in India?

Investment

oi-Staff

By Super

Updated: Tuesday, February 19, 2013, 14:05 [IST]

One of the method is to open an account when the NRI is visiting the country. Since the account is opened on customer initiation whilst in India, and as part of the KYC (Know Your Customer) norm a copy of the client's passport along with Visa details is kept as proof that the account was opened when the customer was in India.

These regulations have led to different brokerage houses having its own set of policy and procedure. similarly, the regulations also apply to mutual funds based in India and therefore, each fund house in India follows its own procedure.

If all of this seems complicated then it doesn't mean you cannot invest in India. There are other options also.