Motilal Oswal NRI Account – Benefits, Charges, Opening Process, Support & more

Are you a Non-Resident Indian and looking invest in India Markets? Did you come across trading in India as the best option for earning extra bucks?

However, since you live in a foreign country, you must set up an NRI account with any Indian broker. On researching, you might have come across Motilal Oswal as your best option.

One of the longest-standing stock broking firms, Motilal Oswal, allows NRIs to open a combination of demat and trading accounts.

This Motilal Oswal NRI Account Review is key to learning about how the broker serves its NRI clients.

You can explore Motilal Oswal NRI Account Charges, perks, platforms, products, services, customer support, and more.

Why Invest with Motilal Oswal NRI Account?

Let’s learn what awaits you when investing with Motilal Oswal NRI account:

• Motilal Oswal NRI Account opening process takes two days, allowing NRIs to start their trading journey in India as soon as possible.
• In the business since 1987, you can expect vast industry experience to guide you better through your investing and trading journey in the Indian stock market.
• The brokerage house is a one-stop financial store where NRIs can access several financial products, from equity options and futures to mutual funds.
• It provides a string of trading platforms, from mobile-based and web-based platforms to MF investment platforms. Logging into these platforms, you can trade in India at your fingertips.
• The company tries to provide in-depth market research reports, stock tips, and advisory services.

Did you prepare your mind to open the two-in-one NRI account with Motilal Oswal? If so, you should also be ready to incur mandatory expenses to open the account.

These expenses entail account opening and maintenance fees. During the account-creating process, one step will require you to pay INR 999, i.e., account opening charges.

Besides that, the firm also specifies INR 999 + 18% GST as Motilal Oswal NRI Account AMC. While you must pay the account opening fee a single time, AMC can be charged monthly, quarterly, or yearly.

You will know about brokerage charges if you have traded in any stock market. Every Indian stock broking firm specifies different brokerage charges for residents and non-Indian residents.

This section presents you the Motilal Oswal NRI Account Brokerage charges. Any NRI can place trade orders in India for the equity delivery segment only after depositing 0.5% of the transaction value.

The brokerage charges for equity delivery trading will be the same whether you select PIS or non-PIS.

Furthermore, another financial asset in which you can trade in equity futures by incurring a brokerage of 0.05% transaction value.

The organization asks its NRI clients to pay INR 100 per contract when considering trading in equity options.

How to Open a Motilal Oswal NRI Account?

This section will guide you through the procedure to Open Motilal Oswal NRI Account:

Before starting the account opening procedure, You must comply with an NRE and NRO bank account and a PIS letter. In addition, any NRI looking forward to derivative trading is mandated to get a CP code.

Now, let’s start with the account setup process:

1. See the ‘Open an NRI account’ form below. Enter the required details and click the submit button. After a few minutes or hours, an executive from Motilal Oswal will call you to share the account opening form and necessary details.
2. Once you receive the form, please fill it out. Your job doesn’t end here! You must attach all mandatory documents the firm lists for the NRI account on its website.
3. Dispatch your NRI account opening form and documents to the organization and wait for the executive to contact you for KYC.
4. Once your KYC is completed successfully, the firm will open your NRI account immediately and assign you login credentials.

Open Free NRI Account Now!

Invest with Lowest Brokerage

Submit

Loading...

Thank you for sharing your details, We will connect with you Shortly!

Here is the list of documents a candidate must get notarised and submit to the Open Motilal Oswal Non-Resident Indian Account:

• An NRI account opening form adequately signed by the candidate.
• PAN card to verify the NRI’s identity
• You must submit an overseas passport, bank statement, or driver’s license to validate your address in a foreign country.
• A driver’s license, Indian passport, or Aadhaar card is required to validate your home address in India.
• A cancelled cheque from the NRE or NRO bank accounts you opened before creating an NRI account.
• A PIS letter from the bank with which you opened an NRI or NRO bank account.
• A duplicate copy of the OCI or PIO card.
• Your valid passport and work or study VISA.
• An NRI’s passport-size photo
• The cheque via which you paid the account and demat opening fees.

Motilal Oswal NRI Account – Top Features

Let’s delve into this section to learn what features the Motilal Oswal NRI account offers to the clients:

• Motilal Oswal for NRI owns cutting-edge trading platforms that are compatible with any device. Creating an account on the mobile app, web trading, trading terminal, algo trading, basket trading, MF investment, and foreign stocks trading platforms allows NRIs to trade and invest seamlessly.
• NRI account comes with superior financial services, from trading and demat to IPO and PCG services.
• The company has a dedicated NRI desk helpline to listen and respond to the queries of their clients living abroad.
• Regarding research and advisory support, NRIs can avail of technical, fundamental, and IPO reports, stock tips, and relationship manager assistance.
• NRI’s corporate benefits, from dividends to interests, are automatically credited to their linked bank account.

Check out Business Opportunities with Similar Brands

Zerodha NRI Account

Upstox NRI Account

Groww NRI Account

Angel One NRI Account

ICICI Direct NRI Account

5Paisa NRI Account

HDFC Sky NRI Account

Kotak Securities NRI Account

IIFL Securities NRI Account

Espresso NRI Account

Now it’s the turn of the main question, i.e., what product offerings does Motilal Oswal NRI Demat Account provide access to?

So, let’s discover the answer! Like any other broker in India, Motilal Oswal allows its NRI clients to trade in the equity delivery segment.

However, the firm doesn’t offer intraday trading if you are looking for quick trades.

Other products you can trade in are equity futures and options. The company also provides opportunities to invest your money in mutual funds.

You might wonder what services Motilas Oswal has worked on to facilitate a smooth trading experience for non-Indian residents.

Well, if you have an official Motilal Oswal NRI Trading Account, you can seek the following services:

Trading services are available to assist you in learning how to trade in India or what investment products you can trade.

Another service offering includes demat services, which will help you keep your investment products in electronic form.

In addition, seeking F&O services is the best option for NRIs looking forward to placing trade orders in equity futures and options.

You can restructure your investment portfolio by availing of PMS or PCG services. Lastly, IPO services are crucial to investing in the right IPO in India.

Motilal Oswal NRI Support entails a dedicated team that listens and responds to your queries immediately.

Whenever you are facing trouble using the company’s trading platforms or your NRI account, call the customer support team at 022-40548000 or 022-67490600. Alternatively, you can also email the helpline desk at [email protected].

The best thing about the company’s desk helpline and support is that they are free of cost, including trading and dedicated dealer support.

You can also visit Motilal Oswal’s website to submit your queries, complaints, and problems.

Moreover, NRIs can connect to the firm for customer support via WhatsApp on 8657075050, Facebook, Telegram, and Twitter.

Mobile App: Motilal Oswal NRI App is your gateway to trade in the Indian share market.

Whether you are a novice or a seasoned trader, this app leverages advanced technology to provide a seamless experience.

Some exceptional features include expert videos, real-time tracking, watchlists, reports, etc.

Web Trading Platform: You can browse this Motilal Oswal NRI Trading Platform on your laptop or tablet.

The firm has designed this trading platform to allow NRIs to explore the Indian share market and trade profitably within a few clicks.

Trading Terminal: It’s a desktop-based trading platform providing NRIs with the interface to place trade orders in the equity delivery, futures, and options segment.

Moreover, users can access real-time market updates and stock tips to uncover attractive trading options.

Algo Trading Platform: This platform leverages multiple algorithms to present users with profitable trading options.

Foreign Stocks Trading Platform: If you want to trade in stock exchanges other than in India, the broker allows you to do so with the help of a foreign stocks trading platform.

You can navigate the platform to look for lucrative investment options and trade accordingly.

Basket Trading Platform: By logging into this trading platform, you can view and invest in expert-recommended stocks and financial products with a single click.

Mutual Fund Investment Platform: This platform allows NRIs to explore and invest in mutual funds introduced by Indian companies.

The MF investment platform has over 20 mutual fund schemes where you can invest through lump-sum or SIP.

Motilal Oswal Advisory for NRI covers the following:

Any non-Indian resident with an NRI account can view and analyze fundamental reports about the company’s financial aspects, performance, and standing.

Other reports that can help in your trading journey are IPO reports. Analyzing these reports will help you determine which IPOs best suit you to invest your funds in.

In addition, technical reports are provided to help NRIs understand the dynamics of the Indian share market.

The company’s experts provide their clients with daily top stock picks and tips to help them make trading decisions.

Moreover, a relationship manager is available for personal guidance and assistance in trading India’s diverse financial assets.

Motilal Oswal NRI Charges

Let’s discuss NRI charges other than account opening or brokerage charges:

• STT charges: 0.1% are the STT charges NRIs must pay when trading in the equity delivery segment. Besides this, you can sell your equity futures and options after paying 0.0125% and 0.0625% as STT charges.
• Stamp duty charges: The firm asks NRI clients to pay a stamp duty of 0.0155 on placing purchasing orders in the equity delivery segment. Moreover, NRIs must pay 0.002% and 0.003% stamp duty to buy equity futures and options.
• Transaction charges: When trading in the equity delivery segment in NSE, an NRI must pay 0.00340% transaction charges. Besides that, BSE demands transaction charges as per stock. You can complete your equity future and option transaction by paying 0.002% and 0.053%.
• Pledge and margin charges: For each pledge creation and invocation request, you must pay Rs. 35 or 0.025% of the value. In addition, interest on margin trading for each day will be 0.05%.
• Hidden charges: Motilal Oswal’s hidden charges for NRIs include INR 100 for closing the account and INR 50 for reactivating it. In addition, there are dematerialization charges of Rs. 50 per certificate, SEBI turnover charges of Rs. 10 per crore, and Rs. 25 per scrip only on sale as DP charges.

Check out Business Opportunities with Similar Brands

Sharekhan NRI Account

SBI Securities NRI Account

Paytm Money NRI Account

HDFC Securities NRI Account

Axis Direct NRI Account

Choice Broking NRI Account

Geojit NRI Account

Nuvama NRI Account

MarketWolf NRI Account

Fyers NRI Account

Open Free NRI Account Now!

Invest with Lowest Brokerage

Submit

Loading...

Thank you for sharing your details, We will connect with you Shortly!

Motilal Oswal NRI Account Review – Conclusion

Motilal Oswal NRI Account Review at your service to let you know what you can expect from the stockbroking company when considering commencing your trading journey in India.

Whether you are a novice or an expert trader, the firm provides equal trading avenues to all the NRIs in the Indian share market.

From diversified investment products and services to strong research and customer support, the broker renders everything necessary to help NRIs trade smoothly in their home country.

FAQs on Motilal Oswal NRI Account Review

Check out various FAQs related to Motilal Oswal NRI Account here.

How to Open an NRI Demat Account in Motilal Oswal?

Before you open the NRI demat account with Motilal Oswal, you must have an NRE or NRO bank account. For further account opening steps, please go through the section explaining all the steps.

How to Convert Motilal Oswal’s Account to NRI?

It’s easy to convert your account with the brokerage house to an NRI account by filling out the form the company provides.

In addition, you must submit duplicate copies of necessary self-attested documents.

What is AMC for NRIs in Motilal Oswal?

The account maintenance fees an NRI must pay to the organization are INR 999 plus 18% GST.

What is Account Opening Fees for NRIs in Motilal Oswal?

A one-time fee that the company fixes for NRIs looking forward to setting up their account is 999 INR.

Which Assets are Restricted for Trading in Motilal Oswal for NRIs?

A registered NRI client can’t trade in intraday segments, currencies, and commodities via Motilal Oswal.

Can an NRI invest in a Mutual Fund in Motilal Oswal?

The firm provides access to a mutual fund investment platform through which investors can invest in over 20 mutual fund schemes in India.

What is the Brokerage for Motilal Oswal NRI?

The brokerage that the organization specifies for its NRI clients entails 0.5% of the transaction value for PIS or non-PIS equity delivery trading.

In addition, you can trade in equity futures and options by incurring a brokerage of 0.05% transaction value and INR 100 per contract, respectively.

Can Motilal Oswal’s NRI Account be Opened Online?

Yes, Motilal Oswal allows NRI clients to set up their accounts via online mode within two days.

What is the Helpline Number for Motilal Oswal NRI?

NRIs can call the firm’s customer support team at 022-40548000 or 022-67490600.

Which documents are required to open Motilal Oswal’s NRI Account?

A table and section specify the self-attested documents you must collect and get notarised to create an NRI account with the broker.