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NRI FAQs
14 October 2016
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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)

  1. Axis Bank
  2. HDFC Bank
  3. IndusInd Bank
  4. 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 Intraday, Equity Delivery and NRO Equity Futures and Options Trade:

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

ProStocks allow NRO Saving Bank Account of any Bank (Yes, any Bank in India) for Equity Intraday, 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 Intraday and 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 (14)

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  • Guest - RMG

    about 7 years ago

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

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

    about 7 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 5 years 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 years 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 years ago

    Why you do not support IDFC First Bank?

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

    Guest - Sanjiv R. Malkan
    about 4 years 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 4 years ago

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

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  • Guest - Nagesh Rao

    about 3 years 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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  • Guest - Murthy

    about 1 year ago

    Hi, any updates on sopporting IDFC First bank?

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  • Guest - suraj

    about 1 year ago

    any updates on idfcfirst bank?

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