Easy ways for NRIs to invest in Indian stock market
Ways for NRIs to invest in Indian stock market
However, there are various ways in which investments can be facilitated and efficiently managed by NRIs.
Appointing a mandate holder
The mandate holder is also required to sign the form. Once the mandate is registered, the mandate holder can draw cheques, issue cheques, make payments, use ATM card and make deposits on behalf of the NRI.
Power of attorney
A POA must be executed on the prescribed stamp paper and purpose of the POA must be clearly mentioned.
The POA holder can make and redeem investments and carry out necessary paperwork on behalf of the NRI.
There are many trading portals of brokers available for NRI investors and registration for these is possible after opening trading accounts with the broker.
Points to note
2. While investing through POA, a notarized copy of the POA is required to be submitted along with KYC documents of the POA holder.
3. Different time zones may make it difficult for NRI to make investments using trading portals.
(Text: Centre for Investment Education & Learning)
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