Sharekhan NRI Account – Benefits, Charges, Opening Process, Support & more

Sharekhan is one of India’s largest stock brokers. Its NRI account offers a seamless bridge to Indian financial markets from abroad.

The Sharekhan NRI Account Review provides diverse benefits for novice and skilled investors.

Since its founding in 2000, the full-service broker has ensured seamless online share trading and hassle-free demat account services.

Sharekhan NRI Account Charges may seem higher, but they are of utmost benefit in the long term.

Why Invest with Sharekhan NRI Account?

Below, we list the pointers for investing with the Sharekhan NRI account:

• Trusted Experience: Sharekhan boasts almost 25 years of experience in the broking industry. That ensures a smooth trading experience in the Indian stock market.
• Diverse Account Options: Traders can choose between multiple options to open a Sharekhan NRI Account. They can open either NRE or NRO accounts based on their income source.
• Easy Account Opening Process: This broker offers a quick and suitable account opening process through an online application. NRIs can create their account pretty fast. Thus, it saves valuable time and effort.
• User-Friendly Platform: The web platform and mobile apps are easy to use. So, anyone can seamlessly trade in the Indian stock market without any hassle.
• Competitive Brokerage: Low and competitive brokerage fees ensure NRI traders can maximise their returns. In this process, they can watch their assets grow in a decent manner.
• Dedicated NRI Support: Sharekhan’s NRI specialists are always ready to assist. So NRIs can have a smooth trading experience.

NRI investors must pay an initial fee of Rs.2,000 to open a Demat account in Sharekhan. It is low compared to Sharekhan’s wide range of services.

Also, they need to pay an annual maintenance charge to keep their accounts active. The Sharekhan NRI Account AMC is Rs.3,000 + 18% GST.

So, traders need to pay Rs.3,540 annually. Against these fees, Sharekhan offers expert research, in-depth market analysis, and valuable asset insights.

So, traders can make informed decisions. Also, drives good profits from the Indian stock market.

The rational Sharekhan NRI Account Brokerage fees inspire investors to trade more stocks. For both PIS and non-PIS accounts the fee for equity delivery is 0.5% of the transaction value.

Also, the fee for trading equity future stocks is 0.1% of the transaction volume. NRI traders must pay Rs.250 for every contract of equity options.

NRI clients can make good profits with Sharekhan’s expert guidance. It ensures they can earn the most out of their investments.

How to Open Sharekhan NRI Account?

Here are the pointers for opening the NRI account.

1. To open your Sharekhan NRI account, click the “open NRI account” button. Personal details need to be mentioned when the form appears. You can expect a call from the company executive to help you out.
2. A list of documents and forms will be provided. NRI applicants must submit their docs after the application form is filled up. Any valid government authorities or bankers should attest to the documents.
3. Once applicants upload their documents, Sharekhan’s authorised persons will verify them. After a successful inspection, NRIs will gain access to trade in the Indian stock market.

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Applicants must provide the documents mentioned below to Open a Sharekhan Non-Resident Indian Account –

• NRI account opening form – Filled up and signed by the applicant
• PAN of the applicant
• NRE (Non-Residential External) or NRO (Non-Resident Ordinary) savings bank accounts and a cancelled cheque
• Passport and visa of their present country
• PIS (Portfolio Investment Scheme) letter from their bank
• OCI or PIO Card for local police validation
• Driving license, bank statement or overseas passport for overseas address proof
• Aadhaar, driving license or Indian passport for Indian address proof
• Passport-size photo of the applicant

All documents should be attested for validation. Any Indian embassy personnel, overseas notary, consulate general, or overseas banker should attest to the docs.

Sharekhan NRI Account – Top Features

Some of the top features of the Sharekhan NRI account:

Investment Flexibility: Overseas traders have several investment options through Sharekhan for NRI Demat and trading accounts.

They can purchase and sell stock through equity delivery. Also, they can deal in equity future and option markets.

Apart from that, NRI Demat account holders can invest in mutual funds. Also, they can purchase IPOs of future stocks.

Most Accessible Platform: Sharekhan offers intuitive web and mobile apps. So, traders can seamlessly trade and manage their assets.

Also, the apps will help them efficiently track their portfolio, analyse trends, and place trades.

Expert Guidance: Sharekhan’s specialist research team offers in-depth research market research. They provide perfect stock tips.

So, traders can make informed decisions and profit from their assets.

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Overseas traders get various stock dealing options through their Sharekhan NRI Demat Account. For example, NRI investors can deal in equity delivery, equity options and futures.

Apart from that, NRIs can invest in mutual funds. So they can live stress-free lives, and experts will help them profit from their assets.

NRI investors can purchase Initial Public Offers or IPOs through their Demat account.

This way, the broking house empowers NRI investors to unlock diverse growth opportunities in the Indian stock market.

Non-resident Indians can access several stock market services through their Sharekhan NRI Trading Account. For example, they can take delivery of stocks under the equity market.

Also, they can deal in equity futures and options through their trading account. Investing in mutual funds is also available to them.

Moreover, NRIs with good knowledge of upcoming stocks in the Indian market can purchase IPOs.

The broking house offers several trading options to NRIs so they can make a good profit from their assets.

Overseas traders can call the NRI customer care number. The representative at Sharekhan NRI Support will resolve their query or complaints as soon as possible.

Also, traders can email Sharekhan NRI Email support for written assistance. Also, the broker offers dedicated dealers for personalised assistance.

They can also connect with the broking house through the website. Further, Sharekhan responds to NRI clients through several online media.

For example, traders can contact them via Facebook and Twitter.

Mobile App: The Sharekhan mobile app will help investors efficiently manage their assets anytime, anywhere. Sharekhan NRI App is available for free on iOS and Android devices.

Its user-friendly design and clear layout make share trading very simple. Also, the real-time market quotes and charts help them stay well aware of the volatile stock markets.

Trading Platform: Several more effective tools and functionalities in the Sharekhan NRI Trading Platform. So, traders can create efficient strategies to execute successful stock deals.

They can analyse market trends with multiple technical gauges. Also, they can identify potential growth chances and make informed decisions.

Moreover, the web platform offers price alerts. So traders take benefit of every crucial moment in the market.

Other Trading Platforms: Sharekhan also offers dedicated trading terminals and dealers. So, NRI traders can deal with them seamlessly by contacting them.

Also, the Basket Trading Platform enables them to place bulk orders simultaneously. Moreover, they can access the Mutual Fund Investment Platform to purchase mutual funds.

The broking house offers fundamental and technical reports of stock market movements. So, NRI traders get an idea of the growth opportunities.

Also, it provides practical stock tips. So, traders can decide at which price they should invest in the stocks.

The other Sharekhan Advisory for NRI traders includes daily top stock picks and IPO reports. Also, they get a dedicated relationship manager to guide them on every step.

Moreover, Sharekhan offers the Robo Advisory service to help traders profit from their assets.

Sharekhan NRI Charges

Below, we are listing the Sharekhan NRI charges:

• STT Charges: For equity delivery traders must pay 0.1% as STT charge. Also, STT is 0.0125% to sell equity futures, and STT is 0.0625% for equity options.
• Stamp Duty Charges: The Stump Duty charge for equity stock delivery is 0.015% on buy. Also, it is 0.002% and 0.003% for equity future and options respectively.
• Transaction Charges: To deliver equity stocks NSE’s transaction charge is 0.00335% on the trade volume. For dealing in equity futures and options market, NRIs must pay 0.002% and 0.053% respectively.
• Sharekhan Hidden Charges for NRI: The broker also claims SEBI turnover charges, GST, DP charges, and call and trade charges. Also, traders need to pay some other minimal charges.
• Pledge & Margin Charges: Traders must pay 0.03% of the value for Pledge creation and invocation.

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Sharekhan NRI Account Review – Conclusion

Sharekhan has become one of the renowned stock brokers in India because of its excellent trade assistance.

Traders should review the Sharekhan NRI Account Review for a more profound idea. Its efficient trading support ensures that traders can make the most out of their assets.

Its updated trading tools empower NRI traders to manage their investments flexibly. With Sharekhan, traders can experience better growth in their investment portfolios.

Also, they can achieve their financial goals.

FAQs on Sharekhan NRI Account Review

Have a look at the FAQs for the Sharekhan NRI account review:

How to Open NRI Demat Account in Sharekhan?

Opening a NRI Demat account in Sharekhan is a seamless online process. First, applicants need to apply with their personal and bank details.

Then, they must upload their documents and pay the initial fee. After inspection, their account will be active.

How to Convert Sharekhan Account to NRI?

To convert their resident account to an NRI Demat account the requirements are as follows. Account Modification Form, copies of FEMA and FATCA declaration forms.

What is AMC for NRIs in Sharekhan?

The annual maintenance charge for the NRI account is Rs.3,000 + 18% GST. So, they need to pay a total of Rs.3,540 annually.

What is Account Opening Fees for NRIs in Sharekhan?

NRIs need to pay Rs.2,000 initial fee as account opening charges. Also, AMC Rs.3,000 + 18% GST is payable for account opening.

Which assets are restricted from trading in Sharekhan for NRIs?

NRIs cannot trade the following shares through their Demat accounts –

• commodity
• commodities futures and options
• currency
• currency futures and options

Moreover, they can take part in equity intraday trading.

Can an NRI invest in Mutual Funds in Sharekhan?

Yes. Sharekhan offers mutual funds to NRI Demat account holders. Also, the broking house offers a dedicated Mutual Fund investment platform to maximise client support.

What is the Brokerage for Sharekhan NRI?

NRIs Demat account holders must pay these brokerages –

• Equity delivery – 0.5% of the trade volume
• Futures (Equity) – 0.1% of the transaction value
• Options (Equity) – Rs.250 per contract

Can Sharekhan NRI Account be Opened Online?

Applicants must apply online to open a Sharekhan NRI Demat and trading account. NRI applicants must apply on Sharekhan’s website and upload their documents for onboarding.

What is the Helpline Number for Sharekhan NRI?

NRI clients can call +91 9620206565 to reach Sharekhan’s NRI customer care. Also, for written queries, they can send an email to [email protected].

Which documents are required to open the Sharekhan NRI Account?

NRI applicants must provide all required documents. They must submit – PAN, bank details, cancelled cheque, OCI or PIO Card, passport and visa, PIS letter, overseas and Indian address proof.