N.R.I
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,
| SR No. | 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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Personal Internet Banking
Mumbai Address
Rehmat Manzil, 75,
Veer Nariman Road,Churchgate,
Mumbai 400020 - INDIA
Tel : 39534100 Fax : 22870686
Bangalore Address
Citi Centre, 28 Church Street,
Bangalore 560001 - INDIA
Tel: 080-25582000 Fax: 080-25582323