From the desk of Mukesh Raj

An NRI should open a new bank account with designated bank branch which is approved by RBI (Reserve Bank of  India) for this purpose.

• He should apply for a general approval for investment in Indian Stock Market through his designated bank branch.
• He should have a Permanent Account Number – Card  (PAN- Card) to be able to invest in Indian stock /dervivative/debt market.
• He should open a Demat Account with a Depository Participant to hold his shares.
• He needs to register with a broker to execute his buy/sell orders on the stock exchange(s).