Comment on Various Types of Accounts

M Singh commented on 17 Apr 2017, 01:27 PM

Hello!
I am a NRI from Dubai. I want to start trading with Zerodha in equity and F&O, but there are too many rules and restrictions to do so. So can you please answer the following questions so that I can consider other options.

1. Can I open a Demat and Trading account on my father’s name(who is not a NRI and lives in Punjab)?
2. Will I need a Power of Attorney to do so? Or it doesn’t matter who operates the account?
3. Since he is retired and has no fixed income, what kind of income proof can he show? I send him every month so can he show that as a loan or something like that?

Thanks.

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