We understand that as an NRI you look to invest differently. At Sharekhan, we are equipped to help you with all your financial needs. As one of India’s leading brokerage firms, our endeavor is to simplify the markets for you and help you make the right investments. With an ever-innovating digital team, 4,000+ centres across 1000+ cities and 2.9 million customers throughout India, we are well-equipped to help you reach your goals.
Are you close by? Visit your nearest branch. Tap here to find a branch near you. Phone: +91 022 6518500 | Email: nridesk@sharekhan.com
Equities are simply stocks and shares. When you buy the stocks/shares of a company, you own equity of that company. Equities are traded in a stock exchange
Opted for by more advanced investors, a Derivative is a contract between two entities which depends on underlying assets of some kind to determine value. Futures and Options are types of derivatives.
A mutual fund is a type of financial instrument that pools in funds from many investors and invests in securities like stocks, bonds, money market instruments, and other assets. MFs are operated by professional money managers.
A private company offers its shares to the public for the first time through an Initial Public Offering (IPO). This allows the company to raise capital speedily and also gives investors a chance to own a part of the company.
Exchange Traded Funds (ETF) are investment funds that hold assets such as stocks, bonds and commodities. They usually operate with an arbitrage mechanism designed to maintain value at close to its net asset value.
Non-Convertible Debentures (NCDs) and Bonds are used by companies and governments to raise long-term capital. NCDs and Bonds are both fixed-tenure debt instruments where investors receive regular interest pay-outs at a fixed rates.
| Accounts Charges | For HDFC Bank | FOR AXIS/INDUSIND/IDBI BANK |
|---|---|---|
| Account Service Charge (Normal KYC) | ₹2000 | ₹1000 |
| Account Service Charge (For downloaded & Printed KYCs) | ₹3000 | ₹2000 |
Brokerage
* Above brokerage rates may vary depending on turnovers. |
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Phone: 009714-3963889 and 0097155-8990251
Email: satish.pillai@sharekhanone.com / mihir.shah@sharekhanone.com
Address: 213, Nasir Lootah Bldg. Opposite the Pakistani Consulate, 6th Street, Khalid Bin Walid Street (Bank Street), P.O. Box: 120457, Dubai, UAE 120457
| Particulars | HDFC Bank | IndusInd Bank | IDBI Bank | Axis Banks |
|---|---|---|---|---|
| Contract Note Reporting Charge (CN) | ₹100 Per CN | ₹50 Per CN | ₹100 Per CN | ₹150 Per CN |
| Sale Proceeds Charge(For TDS calculation) | No charges | No charges | No charges | No charges |
| PIS Lssuance Charges | No charges | NIL | ₹100 | ₹1500 |
| PIS Annual Maintenance Charges | ₹1000 | ₹350 | ₹1000 | ₹1500 |
| Avg. Quarterly Balance | ₹1000 | ₹20000 | ₹10000 | ₹10000 |
Note - Above charges + applicable GST
| Net Gain | Equity Shares | ||
|---|---|---|---|
| Listed on recog exch with STT (paid on acquistion and transfer) | Without STT (STT not paid either on acquistion or at the time of transfer) | ||
| Listed on Recog. Exch. (sold off market) | Unlisted | ||
LONG TERM (9) |
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| With Surcharge | 11.96% (4)(9)(13)(14) | 23.92% (1) (6)(13) (9) | 11.96% (1) (6)(13)(9) |
| With out Surcharge | 10.4% (4)(13)(14) | 20.8% (1)(6)(13) | 10.40% |
| Period of Holding (5) | >365 days | >365 days | >730days (12) |
SHORT TERM(9) |
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| With Surcharge | 17.94%(9)(2)(13) | 35.88%(3)(13) | 35.88%(3)(13) |
| With out Surcharge | 15.60% | 31.20% | 31.20% |
| Period of Holding (5) | <=365 days | <=365 days | <=730 days (12) |
Note - TDS is deducted by Banker. For further clarifications, Kindly get in touch with your PIS Bank.
As per Indian Income Tax Act, 1961, any Indian person staying outside India more than 182 days is considered as NRI (Non-Resident Indian).
Categories of NRIs:
PIO is person of Indian Origin. He/ She can open account in NRI capacity.
A citizen of any country (other than a citizen of Bangladesh or Pakistan) is deemed to be a Person Of Indian Origin (PIO), if,
Yes. Authorized dealer have been permitted to grant loans/overdrafts abroad to NRIs through their overseas branches and correspondents against collateral of the shares/debentures of Indian companies held by them, provided the concerned shares/debentures were acquired on repatriation basis.
( Kindly refer master circular of foreign investments on RBI for more details regarding shares transfer.)
No. One can sell shares only those shares through PIS which are bought through PIS.
No. In case of NRIs all trades need to be settled on bill to bill basis.
Money can be transferred from NRE to NRO account, however, vice versa funds transfer is not allowed.
No. Mutual funds and IPOs can be applied through Non PIS Account.
Yes, he can close his NRI account and open new resident trading and demat account with us by submitting the required proofs of residential status and can get shares transferred from NR demat account to resident demat account.
As per section 6(5) of FEMA, NRI can continue to hold the securities, which he/she had purchased as a resident Indian, even after he/she has become a non-resident Indian, on a non-repatriable basis.
As per regulatory guidelines, Tax (if applicable) has to be deducted at source (TDS) for all the profits made in the equity ,ETF & Derivative market transactions.
Tax deduction at source rate is different as per the tenure of the investment. It can be classified into
| NET GAIN | EQUITY SHARES | ||
|---|---|---|---|
| Listed on recog exch with STT (paid on acquistion and transfer) | Without STT (STT not paid either on acquistion or at the time of transfer) | ||
| Listed on Recog. Exch. (sold off market) | Unlisted | ||
| LONG TERM (9) | |||
| With Surcharge | 11.96% (4)(9)(13)(14) | 23.92% (1) (6)(13) (9) | 11.96% (1) (6)(13)(9) |
| With out Surcharge | 10.4% (4)(13)(14) | 20.8% (1)(6)(13) | 10.40% |
| Period of Holding (5) | >365 days | >365 days | >730days (12) |
| SHORT TERM(9) | |||
| With Surcharge | 17.94%(9)(2)(13) | 35.88%(3)(13) | 35.88%(3)(13) |
| With out Surcharge | 15.60% | 31.20% | 31.20% |
| Period of Holding (5) | |||
Note - TDS is deducted by Banker. For further clarifications, kindly get in touch with your PIS Bank.
