The requirements for opening DP accounts for NRIs are as follows:

  • Account relationship with ADCB Bombay/Bangalore.

  • Since NRI can invest in shares and securities on repatriable and / or non-repatriable basis depending on the origin of funds (funds emanating from NRE or NRO accounts) for investment, the following requisites of the RBI permission will apply,

    DP account opened on
    Type of transaction
    RBI permission required/not required
    1) Non - Repatriable basis
    Primary market purchase/sale
    not required
    2) Non - Repatriable basis
    Secondary market purchase/sale
    Required (general permission issued by designated Authorised dealer)
    3)Repatriable basis
    Primary market purchase/sale
    not required
    4)Repatriable basis
    Secondary market purchase/sale
    Required (general permission issued by designated Authorised dealer)

  • Latest photographs and proof of identity such as copy of passport or election card or driving license, or P.A.N


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