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

With the tagline, People you prosper with, Geojit has emerged as a trading and stock industry leader.

The full-time stockbroker has spread its wings so widely that it offers products and services in the home country, Oman, Kuwait, Bahrain, Saudi Arabia, and the UAE.

If you are an NRI and want to invest in Indian stocks, Geojit could be your potential partner. This article sheds light on Geojit NRI Account Review.

Apart from this, we also covered every detail about the stockbroker and its offerings. Read the article below to learn about Geojit NRI Account Charges and more.

Why Invest with Geojit NRI Account?

Let us look at what is in store with the Geojit NRI Account:

• First and foremost, the Indian investment services company has been known for years for providing customers with effective financial solutions.
• The broker offers a comprehensive range of products and services like equity, derivatives, commodities, PMS, mutual funds, insurance, and financial planning.
• Geojit has 37 years of professional experience in the Indian capital market.
• The firm has always been on the innovative side of the coin and has launched many customized online trading platforms for its NRI clients.
• NRIs can easily open an account with the stockbroker and start their trading journey.
• Geojit’s NRI account has a 2-in-1 trading account and offers authentic services in research and investment fields.

If you are up for the account opening with Geojit, you must pay a certain amount for account opening and Annual Maintenance.

When opening an account with the stockbroker, you must pay Rs.1,000 as an account opening charge. Furthermore, the firm also charges Rs.500 +18% GST for the Geojit NRI Account AMC.

While clearing the account opening charges, you can pay the AMC monthly, quarterly, or yearly at your convenience.

Besides account opening charges and A.M.C., the stock broker asks for Geojit NRI Account Brokerage.

The firm charges 0.1% of the transaction value for equity delivery (PIS) and equity delivery (Non-PIS).

Nevertheless, no fees are incurred for equity trading, commodity options, commodity futures, currency options, and currency futures.

Trading in equity futures costs 0.01% of the transaction value. On the other hand, for equity options, the NRI has to pay Rs.50 per contract as a brokerage fee.

The NRIs need to pay heed to the brokerage fees while trading and performing transactions.

How to Open Geojit NRI Account?

Opening an NRI account with Geojit is not rocket science. Following the simple steps we have curated below, you can easily Open a Geojit NRI Account independently.

1. Locate the tab at the bottom of our website saying, “Open NRI account”.
2. Click on the form, and the form will pop up. Fill up your details and relax. An executive from the company will reach out to you.
3. They will guide you for document submission and filled-up forms.
4. Submit the desired documents and fulfil other formalities. Wait for the email confirmation, which will be sent to your registered email ID.

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To open a Geojit Non-Resident Indian Demat Account, you must submit the documents below.

• Get the account opening form from the bank and fill it with appropriate details.
• Keep your PAN card, passport, VISA, and passport-size photo handy.
• Overseas address proof and Indian address proof are mandatory. Keep the supporting documents, such as your driving license, bank statement, passport, etc., ready.
• NRI must submit a cancelled cheque from a Non-Resident Ordinary (NRO) and Non-Resident External (NRE) bank account.
• Overseas Citizen of India (OCI) or Person of Indian Origin (PIO) cards are to be kept ready too.
• Make sure to request the Portfolio Investment Scheme (PIS) letter from the bank.
• Provide necessary cheques for account opening charges and Demat opening fees.

Geojit NRI Account – Top Features

Down below, we have pointed out the top features offered by Geojit for NRI:

• The firm has an expert team readily available to provide equity research, mutual fund, and investment advisory recommendations.
• The stockbroker has multiple networks of branches spread across the world to address the needs of NRIs.
• The company has a dedicated WhatsApp channel, and you can chat with the customer care executives in the chatbot about your queries.
• The company created joint ventures in the UAE, Oman, Bahrain, and Kuwait to assist NRI investors.
• Above all, it has multiple digital platforms, such as Selfie, FundsGenie, and Smartfolios, to promote faster and more convenient investments.

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While we have covered many significant facets of the Geojit, there is one more that you should be aware of: the products offered with the help of the Geojit NRI Demat Account.

With the help of the Geojit NRI Demat Account, you can perform equity delivery unhindered. Unfortunately, the firm doesn’t support equity intraday trading for quick trades.

The firm offers equity futures, equity options, and mutual funds. However, at Geojit, an NRI cannot trade in commodity futures, commodity options, currency futures, and currency options.

Here are some of the services Geojit NRI Trading Account offers. Firstly, you can access Demat and Trading services, mandatory for participation in the Indian stock market.

You can easily open a Demat account with Geojit and start your trading business. Besides, NRIs are free to trade and invest in futures and options with the F&O services.

NRI is interested in IPO services and can invest in them with this stockbroker. Maintain your portfolio like a pro with the help of PMS or PCG services. Unfortunately, Geojit has no intraday services.

Geojit lends excellent support to its customers across the globe. It has a dedicated support team who will answer all your queries almost instantly.

You can contact Geojit NRI Support if you ever have any queries. The customer care numbers to call are 1800-425-5501 and 1800-103-5501.

Alternatively, you can also write them an email to [email protected]. The stockbroker has immense trading support for the NRIs, which is free.

Besides, you can enjoy dealer support for free. If you are active on social media, you can connect with them through Facebook, Twitter, WhatsApp, and the website.

Unfortunately, the firm hasn’t ventured into Telegram yet.

Selfie: Selfie is a Geojit NRI. The app is compatible with Android and web platforms. The advanced trading platform allows NRIs to trade seamlessly, and its charting platform makes investing simple.

Flip: Geojit’s Flip is a trading platform for iOS devices. The app has a user-friendly interface and unparalleled features. With Flip, you can manage your portfolio and track market fluctuations.

FundsGenie: We created FundsGenie to offer NRI investors a clutter-free investing experience. It is a popular Geojit NRI trading platform for mutual fund investors.

The app allows NRIs to invest and manage their mutual fund investments easily.

Trading Terminal: The firm also has a terminal for its NRI Customers. NRI customers can seamlessly place orders in futures, equity delivery, and options.

Algo Trading Platform: The firm doesn’t support the Algo trading platform, which is mainly used to suggest NRIs with the best trading options.

Foreign Stocks Trading Platform: You cannot perform foreign stock trading in countries other than where the company has its ventures.

Basket Trading Platform: You also do not have access to the Basket Trading platform, which provides insights into profitable stock recommendations.

Check out the Geojit Advisory for NRI to better understand the firm and its advisory services. Firstly, fundamental reports are furnished, which give strong insight into the company’s performance.

The company provides a technical report that lets you know about the latest shares and investment trends. Learn in detail about the latest IPOs with the help of the IPO report provided.

Moreover, receive updates about the daily top stock picks and tips for a seamless trading experience. The brokerage house will assign a relationship manager to consider your investment and trading needs.

No automated advice or robo-advisory services are offered.

Geojit NRI Charges

Here are the Geojit Hidden Charges for NRI.

• For all segments you trade, you must pay Rs.10/ crore to the firm.
• On sales, the firm levies Rs.13.5 per scrip.
• Other than the brokerage fees, a GST is involved, which is 18% on brokerage, SEBI, and transaction charges.
• You can close the account free of cost with the firm.
• The stock broker reactivates the account for free at NRI’s request.
• The company charges Rs.25 per certificate for the dematerialization of documents.
• At this time, the firm charges Rs. 50 for the trades made over a call.

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Geojit NRI Account Review – Conclusion

NRIs from Middle Eastern or Gulf countries can best use a Geojit NRI account. With numerous services and products at its disposal, it offers customized services to customers.

Moreover, NRIs Can use mobile applications and web terminals to trade on the go. NRIs can trade in Indian stock markets seamlessly and make some extra bucks as the company has the best research and advisory services.

NRIs can trade from the comfort of their homes. We hope that you find the Geojit NRI Account Review very beneficial.

FAQs on Geojit NRI Account Review

Here are some of the most frequently asked questions about the Geojit NRI Account.

How do I open an NRI Demat Account in Geojit?

It is straightforward to open an NRI Demat account in Geojit. The official website provides the direct link: “Open NRI Account.” Click on the tab & fill up the form.

How to Convert Geojit Account to NRI?

To convert your account to an account, you must submit an account modification form, FEMA declaration copy, new NRI trading account application form, FATCA declaration form, account, foreign address, etc.

What is AMC for NRIs in Geojit?

The Annual Maintenance Charge for NRIs in Geojit is Rs. 500 + 18% GG.S.T. You can pay it monthly, quarterly, or annually, as you prefer.

What is Account Opening Fees for NRIs in Geojit?

The stock broker charges Rs.1000 for opening an NRI account. This is a one-time charge; the firm doesn’t charge for account closure or reactivation.

Which assets are restricted from trading in Geojit for NRIs?

At Geojit, NRIs cannot trade in equity intraday, currency futures, or commodity futures. However, the remaining trading segments are available.

Can an NRI invest in a Mutual Fund in Geojit?

Yes, NRIs can invest in mutual funds at Geojit. The stock broking company also provides a platform called FundsGenie through which NRIs can make MF investments.

What is the Brokerage for Geojit NRI?

For equity delivery PIS and non-PIS, the finance company collects a 0.01% brokerage fee. Subsequently, it levies 0.01% for equity futures; for equity options, it accepts Rs.50 per contract.

Can a Geojit NRI Account be Opened Online?

Yes, Anyone can open a Geojit NRI account online. If you wish to open an offline account, you can visit the nearest stockbroker’s branch.

What is the Helpline Number for Geojit NRI?

The helpline numbers for Geojit NRI are 1800-425-5501 and 1800-103-5501. You can call these numbers to ask questions.

Which documents are required to open a Geojit NRI Account?

Geojit requests that NRIs carry some necessary documents with them when opening an NRI account.

You will find all the documents in this page. Please look through them carefully and keep them ready when opening the account.