Account Opening Procedure

For the NRI clients the account opening charge is

1.Rs.600 For Trading Account
2. Rs.100 For Demat Account
Rs.1600 ( As AMC , which can be paid in four quarters ie 400 Rs each )
(For DCN customers second financial year onwards AMC would be Rs.400/-( per year) )
Effectively a total of Rs.1100/- has to be paid by client at the time of Account opening .
Documents Required
Two recent passport size photographs
Proof of Bank Account: Any one of the following may be submitted

Copy of Bank Statement

Copy of first page of the Bank Pass Book.
A canceled cheque (only if the account holders name is printed on it)
Proof of Identity: PAN
Proof of Address: Any one of the following may be submitted

Passport copy
Voter Id card copy
Driving license copy
Bank Pass book copy
Verified copies of
Electricity bill or telephone bill in the customers name (not more than two months old)
Leave and license agreement/agreement for sale.
Since it is an NRI account the following documents also is required , ie
Copy of PIS account opened with a designated bank
Proof of his foreign address
Copy of valid visa
Passport copy
Permanent address proof
Annual Maintenance Charge :
NRI clients who have signed DCN agreement will have to pay 400 Rs per year as the AMC charge
( Which is not applicable in first financial year , since they have to pay 1600 Rs as stated above ) . And
for those who have not opted for DCN will have to pay 1600 Rs for each financial year .
We wish to inform you that we have tied up with Bank of Bahrain & Kuwait , IDBI Bank and Federal
Bank for providing NRI a/c and PIS. The advantage is that the balance in the PIS will be automatically
deposited on daily basis.