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NRI Trading
07 October 2016
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What are the documents required to open NRI Non Repatriation Benefit (NRO) account with ProStocks?

Following are the document required for opening NRO Trading and Demat account:

  1. Self-certified copy of PAN card.
  2. Self-certified copy of Overseas address proof – Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not older than 2 months)/Notarized copy of rent agreement/Leave & License agreement/ Sale Deed. NRI residing in Gulf countries and not having any of the above overseas address proof can give Declaration of P.O. Box in your residing country.
  3. Self-certified copy of Indian address proof, if any. Providing Indian address in KYC is voluntary. You may provide for your own benefit.
  4. Passport size photograph
  5. In case of an Indian Passport: Self-certified copy of valid passport with copy of Valid Visa
  6. In the case of Foreign Passport: Self-certified copy of valid passport, Copy of PIO/OCI card.
  7. Proof of Bank account (a cancelled cheque leaf of your NRO savings bank account)

Note 1: Copy of PAN card, Passport, Power of Attorney and Foreign address proof are required to be attested. Attestation can be done by the Indian Embassy or any other competent authority like Consulate General or Notary Public or Overseas Banker or Indian Banker. The attesting authority should affix a “verified with original” stamp, name, designation, signature and date on the said documents.

Note 2: Attestation is not required when your KRA status and IPV status is Y (Yes) and no change is required from your previous KRA. For checking your KRA status go to KYC inquiry menu on www.cvlkra.com

You can start our account opening even before your Bank account gets opened.

You May follow the below-given process:

  1. Filling of EKYC on Fill Application Online with dummy Bank Account data and generate PDF file
  2. Checking of PDF file by ProStocks Team
  3. Response by ProStocks Team after checking
  4. Print, sign, witness and send scan image of the full set to [email protected] for one more round of checking
  5. Couriering the entire set of ProStocks to Indusind Bank /Yes Bank / Axis Bank, as the case may be 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.
  6. ProStocks will open your account next day when the above said Bank confirms your account opening.


Note: NRI can open NRE Trading and Demat Account or NRO Trading and Demat Account or both, NRE as well as NRO Account.

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