NRI Account Opening
Explore the convenience of a single account for savings, demat, and trading, empowering you to invest, trade, and research in the Indian stock market hassle-free with Kotak Securities' NRI account
Note: PIS account in bank is mandatory for NRIs to trade in stocks in India.
To open an NRI account online, individuals must meet the following criteria:
Reside outside of India for 182 days or more in the last financial year, or for 365 days or more in the last four financial years.
Hold employment, engage in business, or have a vocation as a source of earnings while residing abroad.
First-time travelers abroad can also convert their accounts to NRI status provided they possess a valid passport, visa, PAN card, and proof of foreign address.
Note: According to Indian law, NRI investors are eligible to participate only in delivery-based transactions.
How to Open an NRI Account with Kotak Securities
Follow these simple steps to open your account:
- Fill out the editable 2-in-1 account opening form (Download Form).
- Email the scanned copy of KYC documents and the completed account opening form to ks.nrikyc@kotak.com.
- Upon receiving your documents, our Relationship Manager (RM) will confirm receipt and guide you further.
- Print the account opening form, sign at all specified places. The assigned RM who will get the documents picked up for account opening process.
- Fill out the editable 3-in-1 account opening form (Download Form).
- Email the scanned copy of KYC documents and the completed account opening form to ks.nrikyc@kotak.com.
- Ensure all required KYC documents are ready before filling the registration form.
- Our RM will confirm receipt of your documents and provide further instructions.
- Print the account opening form, sign at all specified places. The assigned RM who will get the documents picked up for account opening process
We will keep you informed about the status of your account opening process.
Photograph of account holder (pasted and signed across on form)
Copy of PAN Card
Passport along with OCI - Overseas Citizen of India or PIO - Person of Indian Origin or Visa Copy
Indian and Foreign address proof:
- Indian
- Passport
- Voters Id
- Aadhar
- Driving License
- NREGA Job Card
- Pin code proof required for Indian address proof
- Foreign
- Bank Statement with Bank Declaration
- Passport along with OCI Card / PIO Card
- Driving License in the Name of Applicant only
- Utility Bill
- Resident card with address on it
- Indian
For offline client - Debit Authorization required for Rs 1000 [Offline]
For KMBL online client -- Linking letter with Rs 1000 towards A/C opening fee [Online]
Latest 6 months Immigration stamp mandatory required for USA and Canada clients
Tax proof required
Tie up Banks – KMBL – Online and Offline, HDFC and Axis only offline allowed
Please note as per regulatory and compliance guidelines, it is to be ensured that when we take the bank statement for NR clients, it should be attested by the Foreign Embassy or Mission in India -- It is attestation by the Consulate/Embassy/High Commission/Diplomatic or Foreign Mission/Chancery/Permanent Mission or equivalent attestation. Ministry of Foreign Affairs/External Affairs or equivalent (as per the country) can be considered since the Ambassador, Embassy, Consulates etc. come under these types of Ministry.
Please Note:
- Nomination and client signature on each page are mandatory, even if the client does not wish to nominate anyone (applicable to Kotak Securities).
- If you are submitting a Bank Statement as proof of address, a bank declaration is required. Bank statements are only accepted as overseas proof.
- The address provided must match the one specified in the form and should be designated as the communication address.
- Derivative products are not available for online clients.
- Only offline NRO clients with a Custodian Participant (CP) code can trade in derivatives (separate form and agreement required along with KYC documents).
- Intraday trading is not permitted for NRIs.
- Online TRINITY product is not available for clients from USA and Canada.
- Communication addresses for clients from USA and Canada must be in India.
- Clients from USA and Canada are required to visit India to open an account.
- Tourist visas are not accepted.