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Motilal Oswal offers NRI trading and investment facilities for its global customers. Through this broker NRIs can open a Demat account either from NRE bank or from NRO bank. With the NRI Demat account NRIs are allowed to trade and invest money in varieties of investment products like MF, IPO, etc. So NRIs can avail themselves of all the facilities of MO stock brokers same as any local residential people avail.
The NRI trading and Demat account opening charges in Motilal Oswal are Rs 999. And AMC charge of the NRI Demat account is Rs 999 per year. Other than these charges, Govt. taxes are also levied on him.
Demat account of Motilal Oswal is used for holding financial securities. All the shares and securities are deposits and withdrawals through the Demat account. So for trading and investing in stock market Demat Account is compulsory required.
Opening an NRI account with Motilal Oswal is a quite simple process. The process is 100 % online and paperless. NRIs must have NRE or NRO bank account with PIS (Portfolio Investment Letter) before proceeding. Now follow the procedure to open an NRI Demat account in Motilal Oswal:-
Here is a list of pre-requisite documents before opening an NRI Demat and trading account :
Motilal Oswal provides the same trading platforms to its NRI customer as it provides to Indian customers. Its trading platform is cutting-edge technology, advanced trading features and tool kits. Here is a list of Motilal Oswal trading platforms:-
Motilal Oswal gives easy access to the NRI Demat account, so through this NRIs can easily trade and invest from anywhere in the world. Other than this, some more benefits of an MO NRI account are described below :
Yes, NRIs are allowed to do derivative trading from Motilal Oswal. But before starting the derivative trade, NRI must have a CP code (Custodian Participant) code. So for this CP code, Motilal Oswal integrated with IL&FS.
NRO Bank Account :- Through this NRO (Non- Residential Ordinary) bank account you are not allowed the transfer the fund outside the country. It is also sometimes known as a “Non-Repatriate” account.
NRE Bank Account :- NRE (Non-Residential External) bank account facilities you to transfer funds outside the country. And you can withdraw any kind of currency in a foreign country. So it can be called a “Repatriate” account.
No, Motilal Oswal does not offer the 3-in-1 account facility to the NRI customer.
Last Updated on 2023-09-14
