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

Is maintaining your financial investments as an NRI becoming overwhelming? As a non-resident Indian, Fisdom opens a door of possibilities for you to act smartly and manage ingeniously.

Incorporated in 2015, this platform is trending with 1 million trusted users. Its varied benefits and minimum Fisdom NRI account charges ensure NRIs maintain healthy and secure investment deals through their trading accounts.

This Fisdom NRI Account review will provide a detailed glimpse of various features, benefits, charges, etc.

The trading platform ensures a seamless experience for its clients with its redefined user-friendliness and easy investment schemes.

Whether you have yet to open an account or already have one, check out the newest benefits inclusions with Fisdom.

Why Invest with a Fisdom NRI Account?

A few of the top reasons to choose Fisdom as your financial instrument for investment are as follows:

• Since its inception in 2015, this platform has been considered a pioneer in introducing a complete digitalized account opening and KYC process.
• A Fisdom NRI account allows steady profit growth by trading stocks in return for minimum charges.
• With a rapid increase in clients, more than 1 million now, it is trusted and certified by the stock exchange.
• Both private and government banks rely on Fisdom and have partnered with it.
• As an account holder, you will have a trading and demat account. The platform allows you to trade on BSE and NSE, but intraday trading is not permitted.
• The platform is specially designed with enhanced technology that takes the security of funds to the next level.
• With the help of its all-integrated app, NRIs can easily manage their stocks at their fingertips. You can do it through the app or enjoy a paid wealth manager facility.
• Fisdom Academy opens up new possibilities for users. The curated learning programs make you think better and invest smarter.
• As an NRI, you can invest in delivery trading and Mutual Funds.

Having an account with Fisdom is now only a matter of a few minutes. Besides its quick and seamless service, opening and maintaining an account is minimally expensive.

Invest in trading and enjoy profits now at a bare minimum price of Rs 300, which is only charged for opening an account with Fisdom.

However, Fisdom NRI accounts AMC charges are also applicable for clients. You can safely run your account by paying an AMC of Rs 450 plus 18% annually.

No other hidden charges are covered under this. Mark that all the benefits can be availed at this cost.

As mentioned, a detailed picture of the benefits and charges of having a Fisdom account will help you compare the competitive market rates.

It is essential to have trustworthy information before opening an account. Fisdom NRI Account brokerage charges are also minimal and can be afforded by all.

Charges vary for delivery trading based on PIS and non-PIS for most trading accounts. However, in Fisdom for Equity Delivery with PIS, you have to pay RS 50 per day.

The charges are also the same for non-PIS equity delivery. The Equity Future and Equity Option charges are Rs 50 per trade, similar to Equity Delivery charges.

Also, note that you cannot participate in commodity or currency trading.

How to Open a Fisdom NRI Account?

Before you open a Fisdom NRI account, you need to check if you have the documents mentioned below. The unavailability of a single document will not allow you to have an active account.

At the same time, fill out the application form carefully after reading all the conditions. After getting your document approved, opening your account takes 3-5 days.

Here are five quick steps to follow while opening an account in Fisdom:

1. You must have an NRI account or a PIS Bank account. A custodial account for derivatives is also OK.
2. You can open an account both online and offline. To do so online, you can hit the “open NRI account” tab at the bottom of the page. Now, complete the application form. Then, submit the required documents along with the form. Remember to notarize all the documents.
3. You must check the names of the banks they accept having an account. Some banks readily accepted by Fisdom are SBI, Punjab National Bank, Bank of Baroda, Union Bank of India, HFDC, AXIS, and more.
4. After completing the application form, submit it, and wait 3-5 days to open your account. A professional executive from Fisdom will call you and ask you to fill out a PDF form. Make sure you submit the correct documents or your account will not be approved.

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Take note of the below documents if you are willing to open a Fisdom Non-Resident Indian Account.

• The user must fill out and sign the application form. Remember to check on the banks Fisdom accepts.
• Sign in to your account. This will need your email ID or contact number.
• After signing in, fill in your PAN card details. It is a mandatory ask.
• A valid passport is an important document. Make sure it’s active.
• A valid visa is a must, in addition to a passport. This may be your employment or resident permit.
• Submit proof of your Indian and overseas address. An Aadhar card, driving license, or Indian passport is accepted as proof of Indian address. Your international passport and bank statements will provide proof of overseas address.
• Submit a canceled cheque to your NRE or NRO account.
• Keep your OCI/PIO card handy. This is also a much-needed document.
• Submit a PIS letter from the bank.
• Remember, a recent passport-size photograph is a non-negotiable ask.

Fisdom NRI Account – Top Features

Now, let us discuss some of the top features of Fisdom for NRIs worldwide:

• With a flat marginal rate of Rs 50 per trade, clients can invest in Equity Delivery (both PIS and non-PIS), Equity Future, and Options.
• Intraday trading of stocks is prohibited for NRIs.
• Fisdom ensures clients a healthy and risk-free trading environment in terms of security.
• Experienced professional brokers cater to clients. Once your account is active, you can connect with your broker in minutes.
• With a rating of 4.7 in Playstore and Appstore, the all-intelligent app caters to every need you require in your trading journey.
• Both government and private banks, such as SBI, Bank of Baroda, HDFC Bank, AXIS Bank, and many others, certify Fisdom and allow trading through them.
• Clients can either manage their trading accounts themselves or use the Personal Wealth Manager service for enhanced market research and guided steps.

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Along with maintaining a steady trading account, Fisdom clients also enjoy the benefits of a demat account.

Some of the products of the Fisdom NRI Demat account are equity delivery, Equity Futures, and Options.

Equity Delivery trading allows you to hold long-term stocks and earn higher profits. You are also open to exploring Mutual Funds and investing if you wish to do so through a Fisdom NRI account.

Some limitations exist, such as commodity and currency trading not being permitted for NRIs. Intraday trading for users is not available.

If you are a trading enthusiast looking to open a Fisdom NRI Trading Account, here are the products you can enjoy.

Exploring various stocks in the market and trading at a flat rate of Rs 50 per trade is undoubtedly a great deal.

The platform ensures growth and promotes systematic and intelligent investment options. Clients also receive a good return on Futures and Options Trading with Fisdom.

Also, delving into Initial Public Offerings (IPOs) is profitable for users. PMS (portfolio management services) and PCG (personalized portfolio creation) are unavailable here.

Fisdom has redefined customer service, so worrying about getting proper help is no longer an issue.

The Fisdom NRI Support team is a pack of experienced professionals with a sound knowledge of the nooks and crooks of the stock market.

User gets daily information on trending stock market updates. However, it is a paid service. If you are facing any doubt or having difficulty opening an account, you can directly call 9642596425.

Trading support is also available for clients; if you opt for one, your wealth manager will support you 24*7. If you are more comfortable with mailing, you can also email [email protected].

Let us dive more into various online platforms through which you can quickly access your Fisdom account.

Fisdom APP: Available for Android and iOS users, the app secures a very high rating compared to other investment apps.

Download your App in a few minutes, and you will be open to enjoying your trading journey.

An all-in-one platform, you can access your customized dashboard to showcase your stocks and their growth. Get access to stock charts to compare the market rates and invest wisely.

The Fisdom NRI app also has robust security protocols and technology, and a specialized team is always looking to ensure your account’s safety.

Download the app today and get a detailed portfolio analysis and in-depth insight into your investments.

Fisdom Web Trading Platform: Some clients prefer using a website over an App. This is because the website enables having a detailed overview without letting users shuffle from one page to another.

At the same time, if you are logging in through your laptop, surfing through the website is more recommended.

Fisdom ensures risk-free and hassle-free trading both through the app and website.

It is equally important to know about the different features of Fisdom Advisory for NRIs. These are useful in stretching one’s knowledge index, which in turn helps curate practical investment ideas.

Users holding an NRI account can avail of daily stock tips. These are insightful and effective for long-term investment plans. However, this facility is chargeable but worth the money.

Fisdom NRI Charges

In this review, we discussed various transaction charges and their taxes. The Stock Exchange Board of India now mandates stamp duties and other transaction charges.

Get a clear picture of various Fisdom hidden charges for NRIs below:

• You must pay a DP charge of 18 per scrip if you sell stock. This applies to all users.
• You have to pay a small amount of Rs 10 per crore. This is liable for all trading segments as it is a mandatory charge per SEBI regulation.
• All clients must bear a GST charge of 18% for brokerage and Transaction charges.
• Rs 20 charges per trade are applicable to avail of the Call-N-Trade facility.
• You do not have to pay any account closure charges in Fisdom.
• Even if you discontinue and resume your trading account again, there are no reactivation fees.
• Similarly, no dematerialization charges exist for all users on this platform.
• Users pay Rs 20 for pledge creation or invocation charges.

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Fisdom NRI Account Review – Conclusion

Before investing in any trading account, a detailed review of necessary details is mandatory. This review points out all the advantages and pitfalls of the platforms.

Fisdom proudly manages over one million customer accounts through its enhanced cutting-edge technology features.

It has a rating of 4.7+ in the Play Store and 4.6+ in the App Store. With more than 20 million transactions, this platform is generously generous for experienced traders and newbies.

FAQs on Fisdom NRI Account Review

Here are some of the essential FAQs that might be a quick source of information:

How do you open an NRI Demat Account in Fisdom?

You can open your account both online and offline. Account activation takes 3-5 days. The details are in the review above.

How do you convert Fisdom’s account to NRI?

As an Indian resident, you can transfer your account into a demat account. In such cases, you will get a new account.

What is AMC for NRIs in Fisdom?

To run an account smoothly, you must pay Rs450 plus 18% GST as an annual AMC.

What is Account Opening Fees for NRIs in Fisdom?

NRI Account opening charges in Fisdom are only Rs 300.

Which assets are restricted from trading in Fisdom for NRIs?

As per SEBI regulations, you can own a maximum amount of 10% of the overall company shares. Also, you can only invest 5% of the company’s paid-up capital.

This can be owned on a repatriation (NRE) or non-repatriation (NRO) basis.

Can an NRI invest in a Mutual Fund in Fisdom?

Undoubtedly, you can enjoy investing in Mutual Funds with Fisdom. However, you need a non-PIS account for this.

What is the Brokerage for Fisdom NRI?

The brokerage rate is Rs.50 per trade for PIS and the same for non-PIS. Yes. You can open a Fisdom NRI account online. Follow the steps mentioned above.

Can Fisdom’s NRI Account be opened online?

Opening a Fisdom NRI account is simple. You can log in to the website and fill out the form.

What is the Helpline Number for Fisdom NRI?

Contact the Fisdom support team at 9642596425. The specialized support team is ready to sort out all your queries.

Which documents are required to open a Fisdom NRI Account?

Below are the documents you must have to submit to open an Alice Blue NRI account:

• Cancelled cheque to link your bank account.
• Copy of your passport. Self-Attestate all documents.
• Submit Address proof, both Indian and overseas.
• Your salary slip for the last six consecutive months.
• Form 16 is a must.
• A certificate copy of your Net worth.
• Demat account holding statements.