Comment on NRI trading on Indian Stock Exchanges

Girish commented on 03 Nov 2016, 02:45 PM

I transferred the money for account opening and received partly filled-in form from you.
I have few queries related to filling the form.
1) Page 12 – Type of Account
There is no option to specify Individual – Non resident (Non-Repatriable) account.
Please advise which option to tick mark.

Note that I am an NRI (Non-resident Indian) and want to link my dmat account to NRO bank account.
At the same time, I do not wish to open PIS account.

2) Page 13 – SMS Alert Facility
I am not giving Power of Attorney to any third party.
Please clarify what is this for. I would like to read Annexure 2.4. Where to find this Annexure 2.4?

3) Page 18
Frequency of statement.
I wish to receive holding statement once in a month. However, any transaction/bill details shall be received on daily basis.
Please advise what to tick mark.

4) Page 19
Email id and mobile mentioned on the account opening form belong to me.
Shall I leave Name of relative & relatioship blank OR I need to strikethough or write “Not Applicable”?
Please clarify.

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