About ProStocks:

ProStocks is the fastest growing Online Stock Broker in India. The company offers low cost flat fee trading plans to stock market Traders and Investors.

ProStocks is providing its NRI Service to client with Flat Rs 100 per executed order. With its online eKYC process, you can register online and get OTP (One time password on your registered email), and fill your application form online, print and courier. Once account setup process completes, you can do trade on ProStocks Star desktop ,ProStocks Star Web and ProStocks Star Mobile application.

ProStocks provide most advanced trading platform to the investor. This includes a website for trading, mobile app and a trading terminal for high frequency traders. All trading software and tools are available for free of charge. ProStocks KeyStone is most advanced and costliest back office of India with advanced IVR is provided free to NRI Clients.

Excellent risk management, customer service and clients focus approach makes ProStocks unique broker offering advance broking services at ultra-low cost.

Steps to follow to open an account:

Step by Step process for NRI's customer to complete documentation -
This process is for the Equity Delivery Trade only -

1. Click on https://www.prostocksaccount.com/
2. On left hand side - register your information as Name, eMail id, Country code, Mobile Number, select status as Non Resident.
3. Generate OTP
4. OTP will deliver on your eMail id with subject “ProStocks Registration OTP”
5. Validate OTP
6. After OTP validation, you will receive your login name and password on your registered email id ( in case you want to re login and complete the form in multiple session)
7. In next step you need to fill basic information - PAN CARD, Name as PAN Card, Date Of Birth, Country of Birth and Type of account you wish to open, Aadhar Card is an optional field
8. eKYC have 5 section – Basic Information, Preference details, Additional details, Select and pay, Submit document. 

9. Submit Document Requires copy of -[PAN CARD, ADHAR CARD, COPY OF PASSPORT, VISA STATUS, Passport size photo.

10. Generate PDF Document

11. Those who are KRA and IPV compliant, can sign PDF digitally (in case you have digital signature or sign digitally based on Adhaar OTP). You need to sign Nomination Form and PoA physically and need to courier to our Mumbai Office. Those who are not KRA and IPV compliant, Print PDF and do required client Signature and witness and follow the next point also.

12. You need to notarized/attested your document – List of Documents for NRI Account

    • FATCA Annexure duly filled and signed
    • Attested copy of PAN card
    • Attested copy of Overseas address proof – Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not more than 2 months)/Notarized copy of rent agreement/Leave & License agreement/ Sale Deed
    • Self-certified copy of Indian address proof. Indian address proof is mandatory for NRO Account. Your Indian Address on NRO Bank Statement ( if existing ) is accepted as Indian address proof.
    • Passport size photograph
    • In case of an Indian Passport: Attested copy of valid passport with copy of Valid Visa
    • In case of Foreign Passport: Attested copy of valid passport, Copy of PIO/OCI card.
    • Proof of Bank account (a cancelled cheque leaf of your NRO savings bank account)
    • Note: Copy of PAN card, Passport, Power of Attorney and Foreign address proof to be notarized by Indian Embassy or any other competent authority like Consulate General / Notary Public / Any Court / Magistrate / Judge / Local Banker in the country where the NRI resides. The attesting authority should affix a “verified with original” stamp, name, designation, signature and date on the said documents. In case client already have Trading Account anywhere than only passport needs to be attested, rest of the document can be self attested.
13. Bank account requirement in India
    
    • NRE Account:

      Self-certified copy of PIS permission letter issued by the Banker.

      For Bank Account, In case you need our help in opening Bank Account, Please do inform us. We support the following NRE PIS Bank for NRE Trading Account :

      1. Yes Bank
      2. Axis Bank
      3. HDFC Bank
      4. IndusInd Bank
      Out of above 5 Banks, IndusInd Bank is the most cost effective. Most Stock Brokers do not support more than two banks for NRE PIS, we are supporting 5 Banks. Indusind Bank / Axis Bank / Yes bank your will send the courier to pick your account opening form, in same courier, please send entire set of ProStocks to Indusind Bank along with Bank KYC form and with instruction to Bank to attest your document and provide us attested document along with ProStocks KYC set. This facility is available only when Bank account is opened through our Relationship Manager in respective Bank.

14. Once Document is ready please courier document to us
15. After receiving the document, we will update you with your back office and trading user Id and password
16. Please refer the PIS bank list on NRI FAQ Section.
    http://www.prostocks.com/trading/nri-trading.html

Non-PIS NRO Trading

Can I open NRO Non-PIS Trading and Demat Account?

NRI Trading FAQ

NRI Brokerage Calculator

S P Toshniwal
Founder and CEO
www.prostocks.com