NRI

Registration Formalities - NRI

To Open an Account

Configuration Requirements

IVRS Requirements

ONLINE ACCOUNT

BENEFITS OF OPENING AN ONLINE TRADING ACCOUNT

A Three-in-One account, linking Trading, Banking and Demat accounts provides a hassle free and paperless trading experience.
Currently, NRIs are trading in the secondary markets through other intermediaries via a browser-based version. The premium online trading portal provided by ACMIIL through Live Xchange is qualitatively superior and offers absolute flexibility in comparison to the browser based trading facility.
Live Exchange utilizes push technology wherein live market rates are visible to the client, compared to other brokerages who offer pull technology or browser based trading facility where allocation for funds/shares needs to be done manually.
NRIs also have the alternative of placing their orders through voice, in case of unavailability of net connection or Internet disruptions.
Investors can trade in shares from any place of their choice and convenience. The only requirement is that Live Xchange software should be installed on their laptop with an enabled net connection.
In case of unavailability of time or due to time difference, clients can also place off market orders in the system during specified time periods. This provides maximum flexibility of time and place to NRIs.
In case of unavailability of Internet connection, clients can also place orders for purchase/sale of shares through our NRI Dealing Desk, by using our Call 2 Trade facility, after going through the Client Verification process.
All back end operations pertaining to actual debiting/crediting of bank/demat accounts as well as reporting of daily transactions to RBI are undertaken by BOI and ACMIIL.
NRIs will get access to Fundamental and Technical Research reports as well as obtain background information on listed companies by accessing the website www.investmentz.com, through their Login ID and Password. They can also get Live Investment Calls during market hours on Web Trading Portal, Live Xchange through the Broadcast window.

DOCUMENTATION REQUIRED FOR OPENING A TRADING ACCOUNT

Two Passport size photographs
Two copies of Passport
Two copies of Pan Card from the Indian Income Tax Department
POA Document for Banking and Demat accounts with BOI
Proof of Foreign Residence - copies of utility bills like telephone or electricity bills
Copy of Bank Account statements
Copy of Depository Client Master
Copy of PIS (Portfolio Investment Scheme) approval for share investments

# All the above documents will have to be attested by a BOI official

Operational Flow on Purchase and Sale transactions by you as an NRI, through Online Trading Business Mode is stated here:

Open an investmentz.com trading account.
Open an NRE / NRO demat account with Bank of India.
Open an NRE-PIS Bank account (repatriable funds-RPI) or NRO-PIS Bank account (non-repatriable funds-NRI) with Bank of India. These accounts will be only for PIS transactions.
Give an application to designated bank for Portfolio Investment Scheme (PIS) through investmentz.com.
The Bank issues an authorization letter for making investment under PIS.
Copy of Power of Attorney for Banking and Demat account will be given to Bank of India, duly stamped and notarized (each on a Rs. 400 stamp paper).
ACMIIL charges Rs. 460 as Account Opening Charges which includes Rs.160 for online IPO services.
Existing shares can be transferred from another DP, along with a No Objection Certificate from the transferring DP and a certificate confirming the status of the scrips (whether purchased under repatriation or non repatriation basis).

Purchase Transaction:

Client can place buy orders through website/live exchange and the equivalent funds in bank account will be blocked with Bank of India.
Contract note will be delivered to PIS designated bank branch on the next working day.
Individual NRI investment ceiling will be monitored as per the regulatory requirement.
Funds will be debited to the client's account by end of the Trading day.
Shares purchased will be credited to the client’s Demat account on T+2 day.
Clients can place sell orders through website/live exchange and equivalent shares in depositary account will be blocked with Bank of India.
Contract note will be delivered to PIS designated bank branch on the next working day.
Shares will be debited to the client's account on T+1 day.
Payment for shares sold will be credited to the client’s Demat account on T+2 day.
Bank will compute capital gains on the transaction and debit tax, if any, and credit the net proceeds to your bank account.

OFFLINE ACCOUNT

Operational Flow on purchase and sale transaction by you, as an NRI, through Offline Trading business mode is stated here:

Open an investmentz.com trading account.
Open NRE / NRO demat account with investmentz.com.
Open NRE-PIS Bank account (repatriable funds-RPI) or NRO-PIS Bank account (non-repatriable funds-NRI) with Axis Bank or HDFC Bank. These accounts will be only for PIS transactions.
Open Savings NRE / NRO account with Axis Bank or HDFC Bank.
To obtain Permission for Portfolio Investment Scheme (PIS) through Axis Bank or HDFC Bank.
Letter of Authority to be given to Axis Bank or HDFC Bank.
Existing shares can be transferred from another DP, along with a No Objection Certificate from the transferring DP and a certificate confirming the status of the scrips (whether purchased under repatriation or non repatriation basis).

Documents required for opening an account with Axis Bank / HDFC Bank:

2 Passport size photographs of A/c holder
Proof of Identity – PAN Card with photograph compulsory
Proof of Address – Any one of the following:

i. Passport Copy (Notarized copy required)

ii. Latest Utility/Telephone bill having an overseas address of the Residential investor (Bill should not be more than two months old, Notarized copy required)
In case of foreign citizenship, the client will have to furnish PIO (Person of Indian Origin) Card, if he is not born in India.
Indian passport holders will have to provide their work visa proof.

# All the above documents should be self attested by the client

Documents required for opening account with ACMIIL
2 Photographs of A/c holder
Attested copy of Passport
Proof of Address – Any one of the following:

i. Passport Copy

ii. Latest Utility/Telephone Bill having overseas address of the Residential investor (Not more than two months old)
Letter from concerned bank stating that client had requisite PIS A/c (with details) and can transact in capital markets
PAN Card copy
Bank Account Statement
ACMIIL Registration Kit

# All the above documents should be self attested by the client.

Purchase Transaction:

Before a buy order is placed through offline mode on phone, funds in the Portfolio Investment Scheme (PIS) account will have to be made available by the client to meet the transaction obligation of the bank to us.
Contract note will be delivered to PIS designated bank branch on the next working day.
After verifying the transactions, the designated bank would debit PIS bank account and credit our bank account or issue a pay order to us.
We will monitor individual NRI investment ceiling as per the regulatory requirement.
Reports on PIS transactions are sent to RBI on a daily basis, by the bank.

Sale Transaction:
Once an order is placed on the phone through us, the delivery obligation of the securities will be met through the Demat account opened with us.
Contract note will be delivered to PIS designated bank branch on the next working day.
Proceeds are credited to your PIS bank account after payout, i.e. T+2 day.
Bank will compute capital gains on the transaction and debit tax, if any, to your bank account, and pay to the government.
Bank will deduct 15% tax on short-term capital gains and nil tax on long-term capital gains.

Primary Markets Investment (Initial Public Offers & Mutual Funds)

It is possible to apply for IPOs and Mutual Funds, by giving a Power of Attorney to your local representative for operating your bank account and for signing the application forms. The forms can then be handed over to our office for onward transmission to the concerned Mutual Fund house. The client will directly receive the account statement for the respective Mutual Fund schemes at the disclosed address.

An NRI can also invest in the Mutual Funds / IPOs directly through our website (www.investmentz.com). Through the website, you will be able to make an application online through an authorized payment gateway and without going through any paperwork. This is a hassle free method for investing in MF/ IPOs. Other than that, you can follow the manual process as outlined below:

i) Please send an E- mail request asking us to apply for the below mentioned IPO / Mutual Fund on your behalf.

Name of IPO / Mutual Fund

Units

Application price / unit

Total Amount (Rs.)

# Suppose you wish to apply for 5000 units at Rs.10 per unit, the total amount will be Rs. 50000/- .

Please send your email to nrihelpdesk@acm.co.in

ii) Letter to be faxed to BOI for issue of pay order and bank certificate to us ( Draft of Letter available at NRI – Registration Forms – Draft for applying for MF).

Happy Investing!

For ACMIIL’s online trading clients, i.e., those who primarily use Internet trading facility for transaction purposes, we have provided a mechanism to assist you in your trading and post trading related queries, through the IVR system. This service is known as 'Call2Trade'. So, for an online trading client, if you are on-the-move (traveling) and not able to access your computer / laptop or the Internet, you would still be able to participate in the markets using our Call2Trade service.

A simple 3-step flow chart has been designed to assist you in reaching out to our Dealing Desk, Help Desk or Telemarketing Desk:

Step 1: You would need to call our office direct line number 91-22-28584444.

Step 2: In case you are not yet registered with us, dial 2 for assistance. Here, our telemarketing desk will tell you more about our services and guide you to become a registered client.

Step 3: If you are an existing registered trading client, identify yourself by giving your client code (which would be a 4 or 5 or 6 digit number).

a. If you are our Internet trading client, you need to press 1 and enter your Telephone Personal Identification Number (TPIN). Based on your requirements, you may choose options like, for dealing assistance (press 1), for Help Desk assistance (press 2) and for change of TPIN (press 3).

b. In case you happen to be our normal trading client (i.e. non-Internet client), then press 2 and take assistance from our Help Desk. The Help Desk would be able to assist you in capturing your post trade related queries, based on information provided by you. They would also be able to help you reset your website password (and TPIN for Internet client).

In case of any further query or assistance and feedback relating to use of Call2Trade facility, please call us on 022-28584444 or email us at nrihelpdesk@acm.co.in.

Our IVR Service is available for registered clients between 9 am - 5 pm on weekdays and 9.30 am – 1.30 pm on the Saturday. In case if there is a market holiday, our IVR Service will be available on the next working / market day.

Happy Investing !

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