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Angel One NRI Account Review 2024

Rated 4.5/5 by InvestorGain Team
Angel One NRI Trading
Open Instant and Online account with Angel One in 15 mins.

Angel One, one of the leading full-service brokers in India facilitates NRI trading. Likewise, residents, NRIs can open a two-in-one account with Angel One integrating two accounts; NRI Demat Account and NRI Trading Account. With the 2-in-1 account, NRIs can trade-in different products such as equity and IPOs.

NRIs can access all kinds of Angel One trading platforms completely free of cost including the web platform – Angel One Trade, Angel One mobile app, and desktop trading software - Angel SpeedPro. However, NRIs are not allowed to invest in mutual funds thus can’t access Angel Bee app for mutual fund investment.

On the other side, NRI clients can also avail Portfolio Management Services (PMS) to design a customized investment portfolio in line with their requirements and to gain maximum return.The broker further provides free research and investment advisory to NRIs wherein daily reports, IPO reports, company-specific fundamental and technical reports, rollover reports, market outlook reports, etc. are available to assist clients to invest in the right product.

If you’re an NRI and looking to open NRI account online with Angel One then you are on the right place as here, we’re providing you a comprehensive Angel One NRI account review including the account types, NRI account opening charges, brokerage, trading process, trading platforms, and others.

Angel One NRI Account

Angel One 2-in-1 account combines two different accounts; Angel One Demat Account and Angel One Trading Account.

  • Angel One NRI Demat Account: Angel One, being a registered CDSL member facilitates NRIs to open a demat account and thereby keeps the delivery of securities such as shares, derivatives, IPO, etc. electronically. Thus, the NRI demat account offers high security and safety to clients to hold securities in dematerialized format.
  • Angel One NRI Trading Account: RBI guidelines mandate every NRI to open an NRI trading account with an authorized institution by the RBI. Along with the demat account, NRIs can open a Trading Account with Angel One to buy and sell shares, derivatives, and other products. To make trading easier, both demat and trading accounts are linked to each other.

Above two accounts are not sufficient for the online trading by NRIs as they also require Portfolio Investment Scheme certificate that is a permission letter to allow NRIs to undertake investment in stocks and mutual fund and also a bank account that may be either NRE or NRO bank account.

Angel One NRI Products & Services

Not all the products & services that are being available to Indian residents are available to NRIs, thus, NRIs can access following services;

  • Equity
  • Initial Public Offering (IPO)
  • Angel One ARQ advisory services
  • Angel One free research

Angel One NRI Account Opening Benefits

  • 2-in-1 account, a combined platform of trading and demat account.
  • Online trading in equities, derivatives, and IPO.
  • Trade at a flat fee of just Rs 20 per executed order across segments.
  • Free trading platforms i.e. Angel One Trade, Angel One App, and Angel SpeedPro.
  • A 2-in-1 account is linked with NRE or NRO bank account to streamline the trading experience.
  • Free research and advisory services help NRI to make a smart investment decision.
  • The broker sends alerts and notifications on every debit or credit from the account.
  • Auto-credit of interest, dividend or bonuses declared.

Angel One NRI Account Opening Process

NRIs can follow either online or offline process to open an online NRI demat and trading account with the broker.

  1. Online account opening
  • This is the most preferred account opening process because as NRIs reside outside India therefore, it is not possible for them to come to India and fill manual forms, henceforth, online account opening process is followed. To open an online NRI account, NRIs can contact the Angel One customer service desk either on the telephone at 022-33551111/42185454 or over mail at [email protected]. The customer service representative will familiarize you with the entire NRI account opening process in detail and assist you to complete online account opening formalities.

  1. Offline account opening
  • If you’re in India then to open an offline NRI account, you have to visit any of the nearest Angel One branches, fill physical forms, and submit it by attaching necessary documents.

Angel One NRI Account Opening Forms

  • The broker doesn’t provide NRI account opening forms online on its website and therefore, NRIs have to contact the Angel One customer service desk to get the forms.

Angel One NRI Account Opening Documents

To open an online trading account, NRIs have to submit several list of documents. The document checklist that needs to be submitted along with the application form, is provided here as under:

  • Applicant’s photograph.
  • Copy of PAN card.
  • Copy of passport.
  • Visa or work permit.
  • Overseas Address Proof
  • Bank account proof.
  • PIS permission letter from a designated institution

Note: All of the above documents must be attested by court, magistrate, judge, local banker, or any other authorized person.

Angel One NRI Account Opening Charges

  • Get here the details about NRI account opening charges with Angel One

S. No. Particulars Charges
1. NRI Trading Account Opening Charges Rs. 36.48
2. NRI Trading Annual Maintenance Charges(AMC) Rs. 0
3. NRI Demat Account Opening Charges Rs 500 (Including GST)
4. NRI Demat Account AMC Yearly Charge : Rs 450
Life time Plan : Rs 2950 (No need to pay AMC every year)

Angel One NRI Account Brokerage charges

  • Angel One NRI brokerage charges for various segments are provided below:

    Particulars Brokerage charges
    Equity delivery-based trades 0.50% per trade or 0.05 per unit, whichever is lower

Angel One NRI Trading Process

By opening a 2-in-1 account, NRI clients can start online trading with Angel One following these steps;

  1. Fund transfer: After account opening, clients have to transfer required funds from their bank account to Angel One Trading Account and accordingly, the account will update the trading limit.
  2. Order placement: Clients can login with their trading account on any of the available trading platforms and thereafter can place buy or sell orders. To place a buy order, the client must maintain a required balance in their account. Once an order is placed and if everything goes absolutely perfect, then the order will be executed.
  3. Debit/credit from the account: If you’ve placed a buy order, then the trading amount will be debited from the bank account and bought security will be reflected in your demat account. On the other side, in case the sell order is placed then the money will be credited into your account, and sold security will be debited from the Angel One demat account as per the settlement period.
  4. Reporting: At the end of every trading session, Angel One automatically reports every transaction to RBI.

Angel One NRI Trading Platforms

The digital-savvy full-service broker offers free in-house trading platforms that are elaborated here as under:

  1. Angel One App: The mobile app by Angel One allows trading on your fingertips. The mobile app is downloadable on Android from Google Play store and iOS devices from the App Store.The award-winning mobile trading application facilitatesNRIs to login their trading account and place buy and sell orders online.

    Download Angel One app on Android

    Download Angel One app on iOS

  2. Angel One Trade: It is the web platform that is accessible on any compatible browser i.e. chrome, internet explorer, etc. Trade.angelOne.com doesn’t require any software to download as people can access their account on mobile, laptop, or desktop and start online trading.
  3. Angel SpeedPro: SpeedPro is a desktop trading softwarethat can be downloaded on your computer from the Angel One website.The application-based trading terminalprovides a single-window trading experience and enables NRIs to monitor their portfolio.

    Download Angel SpeedPro

Angel One NRI Investment Advisory

  • To assist users to build an efficient portfolio, Angel One has come up with an innovative investment advisory engine called ARQ. NRIs can access the ARQ advisory tool to seek stock recommendations and also check the stock-specific scores for the companies, they have invested in.The free investment advisory tool will help people to build an efficient portfolio to gain the maximum possible returns.

Angel One NRI Mutual Fund

  • The broker only allows Indian citizens to invest in mutual funds and doesn’t facilitate MF investment services to NRIs. Thus, NRI clients have only the choice to invest directly in MFs by visiting the asset management companies’ platform.

Angel One Call and Trade

  • The broker facilitates both residents and NRIs through call & trade services wherein people can call the Angel One customer service desk, tell their trade requirements, and accordingly, the representative will place buy and sell orders. It must be noted that call & trade service is not at all free and charged at Rs. 20 per order.

Angel One NRI Trading Cons

  • The 3-in-1 account can’t be opened.
  • Intraday trading is not allowed.
  • NRIs can’t trade in commodities and currencies with Angel One.
  • Mutual fund investment service is not available to NRIs.
  • To trade in futures & options means derivative segment, NRIs have to obtain a custodial participant (CP) code.

Angel One NRI Customer Care

  • NRIs clients facing any difficulty to open an online account or online trading in various products, they can connect with the broker through the following ways:

S. No. Angel One helpline desk Number
1. Angel One NRI customer care number 022-33551111/022-42185454
2. Angel One NRI customer care Email [email protected]
Request call back from Angel One

FAQs

Yes, Angel One stock broking firm facilitates NRIs to open a trading cum Demat account. To open an Angel One NRI Demat account, NRI first has to open an NRE or NRO bank account. NRI account in Angel One facilitates online trading in shares and equity futures & options. NRI customers can also access Angel One research reports and invest in PMS.

 

NRIs can open an NRI 2-in-1 (Trading + Demat) account with Angel One online or offline. The full-service broker has two types of NRI trading accounts; PIS and Non-PIS accounts.

NRI PIS Account: PIS account facilitates NRI customers to invest in the shares (Equity segment) only and all transactions are reported to RBI.

NRI Non-PIS Account: This type of account enables NRI clients to invest in equity, IPO, mutual funds, etc. on a non-repatriation basis.

Ways to open Angel One NRI Demat account

  1. NRI clients residing in India can visit any of the nearest Angel One branches and ask the customer service team for the NRI account opening form. Once the duly filled NRI form is submitted and processed, the NRI account will be opened.
  2. If an NRI is outside India then write an email to the Angel One customer care address at [email protected] to assist you to open an account online.

 

Last Updated on 2024-02-05