Documents requirement for NRI account

1. 2 Passport size photographs

2. Duly signed PAN card copy

3. Document ensuring status of entity

   1. In case of Indian passport - Valid passport

      1. Place of birth as India, Valid Visa –Work/Student/employment/resident permit etc.

   2. In case of foreign passport : Valid passport and any of the following

      1. Place of Birth as India in foreign passport

4. PIS Permission Letter from Yes bank (if PIS not opened in YES bank then to be open)

5. Bank proof in the name of the NRI i.e. Copy of a personalized cheque from his NRE/NRO savings account to be linked to the Demat account.

6. FEMA declaration form by client (attached)

7. Standing Instruction Form by client (attached)

8. Overseas Address

   1. Driving License/ Foreign passport /Utility Bills/

      1. Bank statement (not more than 2 months old)/

      2. Notarized copy of rent agreement/ leave & license agreement/ Sale deed

      3. If the foreign address with P.O. Box No. is given as Permanent and/or Correspondence address, additionally, the DPs should obtain the complete residential address of the Foreign National BO, under declaration at the time of opening of the account. Such BO shall give an undertaking that whenever there is a change in the residential address, the BO shall inform the DP.

9. Duly signed Indian Address proof-one of either

   • Ration Card

   • Passport

   • Voter ID card,

   • Driving License

   • Bank Passbook/Bank Statement: (a) Bank Statement (with bank logo)/Bank Passbook (printed) – should clearly display account number, name & address of the client (not more than three months old). Bank Statement needs to be accompanied with a copy of bank cheque. (b) Bank Statement (without bank logo)/Bank Passbook (handwritten) – should clearly display account number, name & address of the client and it should be attested in original by the bank official with name, designation and signature of the attesting officer (not more than three months old). Bank Statement needs to be accompanied with a copy of original cancelled bank cheque;

   • Electricity Bill/Telephone Bill – Landline (not more than 3 months old),

   • Self – declaration by High Court & Supreme Court judges, giving the new address in respect of their own accounts. ,

   • Unique Identification Number (Aadhaar),

   • Registered Lease or Sale Agreement of residence or flat maintenance bill

   • Identity Card/Document with applicant’s address, issued by: (a) Central/State Government and its Departments, (b) Statutory/Regulatory Authorities, (c) Public Sector Undertakings, (d) Scheduled Commercial Banks, (e) Public Financial Institutions, (f) Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student), (g) Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members

10. In-Person verification required; the date of verification, name and signature of the official who has done in-person verification and the stamp of the member should be incorporated in the client registration form and on documents

11. Financial proof required If the NRI client is visiting India while getting the account opened with us then Copy of the Entry/Exit stamps in the Passport /Visa is also required as a proof that the client was in India at the time of getting the NRI Demat account opened. If the client is not in India, while getting the account opened with us then the client must get all the supporting proofs, additionally attested by any of the following entities. The Name, Designation of the attesting authority should be clearly mentioned along with the signature & seal.

    1. Indian Embassy in the country where the client resides

    2. Consulate General in the country where the client resides

    3. Notary Public

    4. Court

    5. Magistrate

    6. Judge or Local Banker

NRI HELPDESK- Contact: +91 22 61891988, E-mail: nriservices@indiabulls.com