Comment on NRI trading on Indian Stock Exchanges

Sam commented on 13 May 2016, 08:56 PM

Dear Venu/Nithin,

I am an NRI with an Indian Passport and US permanent resident visa. I am being asked to furnish Indian proof of address by Pawan/Akshay at Zerodha. I can provide notarized overseas proof of address, but is Indian proof of address a necessity, especially since I don’t have a residence in India? The list of required documents mentioned in the post above, does not mention Indian proof of address as a requirement for opening an NRI demat/trading account at Zerodha. Can you confirm that NRIs (holding an Indian Passport with US visa) don’t need to provide Indian proof of address and that notarized overseas proof of address will suffice?

Thanks!

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