WELCOME TO

 NRI SERVICES

Equity Trading On NSE & BSE
Introduction | Guidelines | How to get started with DB?
Introduction
  • DB (International) has made Equity Trading so easy & comfortable for NRIs, whereby they can trade online without any hassles in a transparent framework.
  • The Trading account holder can trade online and offline on both NSE (National Stock Exchange of India Limited) & BSE (Bombay Stock Exchange) on repatriable & non-repatriable basis within the overall framework of statutory regulations and guidelines.
  • RBI (Reserve Bank of India) has allowed NRIs/PIOs to invest in shares of listed Indian companies through recognized Stock Exchanges under the Portfolio Investment Scheme (PIS). Thus, it is mandatory to open a PIS (Portfolio Investment Scheme) account through any of RBI’s designated banks for trading in secondary markets/stock exchanges.
Guidelines
  • The RBI has simplified financial transactions for NRIs/PIOs by allowing them to invest both under the PIS and Non-PIS.
  • A detailed description of transactions allowed under both PIS and Non-PIS (Ordinary Savings Account) are as under:
Non PIS
  • Fresh subscription of through IPOs under NRI Quota.
  • Securities acquired as Resident Indian
  • Investment In Mutual Fund
  • F & O Trading
  • Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary market under the Non-PIS account. Shares purchased in the primary market, shares allotted under corporate action, shares acquired as Resident Indian, investment in Mutual fund and F&O. All fresh investment under this scheme can be made both on repatriation and non-repatriation basis. The Issuing Company of IPOs’ should comply with all necessary regulations for issuing securities to a person resident outside India.
  • NRIs can sell such shares/debentures on the Exchange without any approval. However, while seeking the credit of sale proceeds to NRE/NRO account, the bank should be provided with the details regarding date of allotment and cost of acquisition to calculate the taxes, if any.
PIS
  • Sale of shares purchased under PIS & Non-PIS
  • Fresh Purchase of Shares under Secondary Market as an NRI/PIO
  • NRIs and PIOs can invest in secondary markets in India through PIS. Under this scheme, NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India.
  • The Reserve Bank of India monitors the ceilings on NRI/PIO investments in Indian companies and releases a list of banned scrips/caution scrips on daily basis. The list of scrips where NRI Investment has reached to triggered limit and where further purchase are allowed only with prior approval of RBI can be downloaded from the following link:http://www.rbi.org.in/scripts/BS_FiiUser.aspx
  • The purchase of Equity shares/convertible debentures in each company with repatriation and non-repatriation benefits shall not exceed 5% (or as prescribed by Reserve Bank of India from time to time) of the paid up capital of the company, subject to an overall ceiling of 10% (or as prescribed by Reserve Bank of India from time to time).
  • On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their NRIs/PIOs clients.
  • All consequences of failure in such compliance, including any losses arising out of reversal of transactions shall be debited from the NRI customer account. The NRI investor has to take delivery of the shares purchased and give delivery of shares sold i.e. NRI customers cannot square-off the transactions on the same day or Trade on the basis of BT/ST (Buy Today and Sale Tomorrow).
  • TDS (Tax deducted at source) on capital gains is being deducted from sale proceeds of invested scrip by designated bank (PIS Banker) as per applicable rates defined under the Income Tax Act. Capital gains taxes are calculated on the basis of FIFO (First in First Out) basis and during calculation of tax all scrips purchased be considered inter-alia the investment route whether under PIS or Non-PIS.
How to get started with DB (International) ?
  • DB (International) has an efficient and dedicated team which handles NRI clients. We provide assistance to Non – Resident Indians (NRIs)/Person of Indian Origin (PIOs) willing to register with us for opening PIS–NRO/NRE accounts and Non-PIS accounts. Brief description of the accounts is as follows:
Bank Accounts
NRO/NRE Savings – Non-PIS Accounts
  • In case applicant holds any existing bank account in INR (Indian Currency) with any RBI approved Banks, then the applicant can provide the relevant bank details along with a pre-printed cheque leaf as bank proof and the bank account can be linked with the demat & trading account. In the absence of existing bank account, we assist the applicant in opening a new bank account either in HDFC Bank, Axis Bank or Indusind Bank. This NRE/ NRO saving bank account is linked with applicant’s demat account for dividend and corporate action purposes.
PIS Bank account
  • For equity trading, applicant would require to open a PIS bank account with a bank that holds an authorised Dealers' license or banks specially authorised in this regard by RBI & are permitted to open these accounts on behalf of NRIs. We Bank with HDFC Bank, Axis Bank & Indusind Bank for these transactions. An NRI can have only one PIS bank account in India. All equity transactions executed by NRIs/PIOs are reported to the PIS banker on regular basis and settlement of funds for purchase/sell transactions shall be settled through PIS account only.
  • The PIS account has to be either NRE/ NRO bank account which is linked with applicant’s demat account for dividend and corporate action purposes. The PIS account is linked with applicant’s demat account for dividend and corporate action purposes.
Demat Account
  • It is mandatory to open a demat account with DB (International) which is linked to your trading account with DB (International). All the shares purchased would be credited to the said demat account and in case of sale transactions the sale obligation would be debited to same demat account i.e. settlement of securities would be executed from the applicant’s own demat account linked with the trading account. A Demat account can also be opened jointly with resident Indian/ non-resident Indian as per following:
Type of Account Joint Account with Resident Indians Joint Account with Non-Resident Indians
NRO Yes Yes
NRE No Yes
Trading Account
  • An equity trading account with sole holder would be opened with us. The settlement of all transactions executed under this equity trading account would be settled through PIS – NRO/NRE bank account only.
List of Documents required for registration of an account
  • In case applicant is present in India and visit us for registration purposes, applicant shall produce the following documents in original for verification purposes and submit self – attested copies of all these documents:
1. Identity Proof
  • For Non-Resident Indian (NRI) Applicant - Holding Indian Passport
  • Copy of Valid Passport pages where applicant’s name, address, specimen signature, photographs are recorded
  • Valid Visa (the visa could be either in the passport or given separately).
  • For Person of Indian Origin (PIO) Applicant – Holding Foreign Passport In case of PIO, the following documents shall be obtained:
  • PIO Card issued by Govt. of India OR
  • Indian Passport/ Driving License/PAN Card/ Voter ID card in the applicant’s name at any point in time OR
  • Place of birth as India in Passport OR
  • Copy of recent bank statement of an existing NRE Bank account with a Indian Bank along with a cancelled personalized cheque of that NRE account. OR
  • A copy of current Indian Passport of your father or mother (the name of the spouse/father/mother should match with corresponding details in your passport) In addition to the above, a PIO declaration shall also be signed in Account opening form
  • To prove the presence of applicant in India, applicant shall also provide the latest immigration stamp showing the arrival date in India as available in passport.
2. Address Proof
  • Applicant shall submit the relevant address proof for communication purposes. Applicant should submit both Indian and foreign addresses for records and can select the communication address as local/ foreign as the case may be.
  • The following documents can be submitted as address proof:
  • Valid Passport (For Indian & Foreign Address Proof)
  • Utility Bills like electricity bill, credit card bill, water bill, landline telephone bill (Not less than two months old) (For Indian & Foreign Address Proof)
  • Valid Driving License (For Indian & Foreign Address Proof)
  • Residence Permit (Govt. Issued Identity Card) (For Indian & Foreign Address Proof)
  • Overseas or Indian Bank Statement (Not more than 2 months old) (For Indian & Foreign Address Proof)
  • Valid rent agreement (For Indian & Foreign Address Proof)
  • Ration Card (For Indian Address Proof)
  • Valid Voter ID (For Indian & Foreign Address Proof)
3. PAN (Permanent Account Number)
  • Applicant shall submit a self - attested copy of PAN Card issued by Income Tax Authorities (India). PAN is a mandatory requirement in India for all financial transactions. In case applicant doesn’t hold PAN Number, DB (International) shall assist in obtaining the PAN from Income Tax authorities in India on a fee basis.
4. Bank Account: NRE/ NRO
  • In case applicant holds any existing bank account in INR (Indian Currency) with any bank designated by RBI, applicant can provide the relevant bank details along with a pre-printed cheque leaf as bank proof. In the absence of existing bank account, we will assist the applicant in opening a new bank account either in HDFC Bank or Indusind Bank.
5. RBI Permission (PIS: Portfolio Investment Scheme)
  • NRIs and PIOs are allowed to invest in secondary capital markets in India through PIS. Under this scheme, NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India by obtaining permission from RBI – PIS through its authorized & designated bank branches. In case if applicant is holding any existing PIS permission with either HDFC Bank or Indusind Bank, a self – attested copy of the same shall be provided.
6. Photograph (s)
  • Applicant shall provide the required photographs for opening of bank account, PIS account, Trading account, Demat account as the case may be.
NOTE:
  • In case applicant doesn’t visit India, applicant shall ensure that all the above mentioned documents are attested as certified true copies by any one of the following: Notary Public, Court, Magistrate, Judge, Local Banker, Indian Embassy / Consulate General of the country where NRI is residing [outside India].
SEBI Regn. No: NSE : INB 230643233/TM06432, INE 230643233(CD), INF 230643233 (F&O) BSE : INB 10643238/TM3129, INE 10643238(cd), INF 10643238(F&O)
SEBI Regn. No: MCX/ NCDEX: INZ000028833, NCDEX : NCDEX/TCM/CORP/0460 | MCX : MCX/TCM/CORP/0263 | CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"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."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries