Who are the banking partners for NRI Demat & Trading Account?

: NRI Trading; 14 October 2016; Hits: 5241

Who are the banking partners for NRI Demat & Trading Account?

For NRE Equity Delivery Trades:

ProStocks supports the following five Banks For NRE Trading and Demat Account : (in alphabetical order)

Axis Bank
HDFC Bank
IndusInd Bank
Kotak Bank
Yes Bank

Most Stock Brokers in India do not support more than two Banks. ProStocks will open your Trading and Demat Account. ProStocks can help you to open your Bank Account. ProStocks banking partner will take care of picking up the courier, wherever you are in the world

For NRO Equity Delivery and NRO Equity Futures and Options Trade:

NRI need NRO Saving bank account to trade in Equity Delivery and Equity Futures and Options.

ProStocks allow NRO Saving Bank Account of any Bank (Yes, any Bank in India) for Equity Delivery and Equity Futures and Options Trades. Custodian account is not required for trading in Equity Futures and Options, when you trade with ProStocks. NRO PIS Bank account is neither required for Equity Delivery trades nor for Equity Futures and Options trade. ProStocks is Clearing Member and can clear trades for NRO Equity Futures and Options Trade in NSE and BSE. ProStocks is currently waved off whole clearng fees for NRO Equity Futures and Options Trade.

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Comments (12)

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Guest - AGA
about 3 years ago

Hello, Do you permit State Bank of India PIS services for NRI trading? It would be very useful to include a list of banks you permit other than the ones who are your banking partners. Thanks.

http://maps.google.com/maps?z=15&q=,

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Team ProStocks
about 3 years ago

Presently , SBI is not available for NRI Trading Account . SBI does not follow centralised processing but branchwise processing.

http://maps.google.com/maps?z=15&q=,

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Guest - RMG
about 3 years ago

Do you let Citibank PIS Services (NRE account) for NRI Trading?

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Team ProStocks
about 3 years ago

No. We do not support CITI bank as of now.

http://maps.google.com/maps?z=15&q=,

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Guest - Kedar
about 1 year ago

I have icici NRI account. Please confirm if this bank is still supported for fund transfers?

http://maps.google.com/maps?z=15&q=,

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Team ProStocks
Guest - Kedar

about 4 months ago

We do open NRO NOn PIS Trading and Demat Account where every Bank is allowed including ICICI Bank. We do not have tie up with ICICI Bank for NRE PIS Trading and Demat Account.

http://maps.google.com/maps?z=15&q=,

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Guest - Sanjiv R. Malkan
about 4 months ago

Why you do not support IDFC First Bank?

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Team ProStocks
Guest - Sanjiv R. Malkan

about 4 months ago

Mr Malkan
Soon We will support IDFC Bank also.

http://maps.google.com/maps?z=15&q=,

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Guest - Rajat Mehta
about 3 months ago

Any further update about when you will start supporting IDFC first bank as your NRE PIS bank partner?

http://maps.google.com/maps?z=15&q=,

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Guest - Nagesh Rao
about 1 month ago

Hello ProStocks,

When will you start supporting NRI PIS route via IDFC First bank ? They are one of the easiest and fastest to open a PIS account for their clients and hence you see so many queries/ requests asking you to support them.

http://maps.google.com/maps?z=15&q=,

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