Non-resident Indians can opt for a dedicated non-resident Indian demat account to invest in Indian securities. Making investments hassle-free, an NRI Demat account allows non-resident Indians to make investments into Indian securities like shares, debentures, bonds, and even mutual funds without any hurdles. Without worrying about any kind of restrictions, NRIs just like Indian residents can open free demat account and start their investment journey. But what exactly is an NRI Demat account?
NRI demat account like any other type of demat account in India helps non-resident Indians who are born in India but live in foreign countries to invest in Indian securities. The Demat account allows non-resident Indians to make hassle-free investments into all the securities that are listed on the stock market illegally and without any kind of legal complications. Adhering to all the standards as prescribed by the Securities and Exchange Board of India and the Reserve Bank of India, an NRI demat account serves like any other normal demat account that can be managed by an individual living abroad.
The following are the benefits of opening an NRI Demat account:
Compliance with financial and legal rules and regulations
The NRI Demat account makes the process of adherence to dedicated financial and legal rules and regulations easy and hassle-free. Non-resident Indians can easily open an NRI Demat account which adheres to all the legal and financial rules under the Foreign Exchange Management Act. The NRI investors can select India’s securities, invest in the same, and even use a dedicated NRO bank account to invest and manage funds. Moreover, non-resident Indians receive necessary assistance from various financial institutions that can help with the opening of an NRI Demat account, financial compliance, portfolio management, and verification of necessary documents. They help with making the process of entering the Indian stock market easy and legal.
Easy access to Indian securities:
Non-resident Indians living abroad receive access to Indian securities for investment purposes using an NRI Demat account. Investors can invest in equity shares, mutual funds, initial public offers, bonds, and even government securities through an NRI Demat account. Moreover, investors receive access to a dedicated application which they can download on the devices for hassle-free management of stock market investments and trades.
Tracking investments and saving taxes
Another great benefit of opening an NRI demat account is hassle-free tracking of investments through various financial reports generated automatically. Non-resident Indians through the use of their NRI demat account can gain access to their investment portfolio and various financial reports providing information about their investments and total profit generated in a financial year. Also, the demat account even helps non-resident Indians to comply with the Indian taxation rules they buy, helping NRIs to save taxes on their investments in Indian securities.
Conclusion
An NRI demat account therefore serves as a gateway for non-resident Indians who wish to invest in Indian securities without any issues and with complete security. Delivering easy access to the Indian stock market, the NRI demat account makes investments seamless. One can find various companies that can help investors to open NRI demat accounts with minimal paperwork thereby making the process of investments convenient, and streamlined.
