It is our promise that you will find us sincere, knowledgeable and responsive to your queries and quite unlike the usual Indian banking experience. Please send us an email at invest@profitshastra.com or call us at +91 7387092886 if you have any queries. You will not be disappointed with our knowledge, expertise and dedication to customer service. We handle all aspects of the account opening and operational processes, allowing our clients to be focused on their investment goals

The bank, trading and demat account are linked enabling easy investing for NRIs in equity (shares), debt, equity mutual fund, debt mutual fund, Initial Public Offer (IPO), Follow On Public Offer (FPO), Employee Stock Ownership Plan (ESOP), Exchange Traded Fund (ETF) and Derivates (Futures & Options). Yes, NRIs can invest in all of the listed asset classes and instruments. We can also transfer existing resident shares into NRI account or transfer investment account from another broker so that you can avail our customer service.

You will be able to electronically link your foreign bank account to the Indian NRE/NRO bank account to facilitate hassle-free remittance. NRIs can either trade online or make use of a personal trader/dealer assigned to them for trading and gathering market information.

We are proud of our customer service, attention to detail and knowledge of the Indian capital markets and regulations concerning NRIs. Our founder is a former NRI who understands efficient customer service, and our many satisfied NRI customers around the world are proof of our commitment.

Our services are offered to Non-Resident Indians (NRIs), Person of Indian Origin (PIO), Overseas Citizen of India (OCI), Foreign Visa holders, Green Card, Overseas Indians or Permanent Residents from all over the world - North America, Europe, Gulf countries (including United Arab Emirates, Saudi Arabia, Qatar, Bahrain & Kuwait), Africa, Australia, New Zealand, other Asian countries (including Singapore, Thailand, Hong Kong).

We provide PAN card assistance, open NRE/NRO bank account, Portfolio Investment Scheme (PINS) account, trading, and demat accounts. We have implemented all relevant regulations concerning NRI investments in India so that NRIs can invest with full knowledge and confidence.

Your demat, trading and bank accounts will enable you to invest in Indian Shares, Indian Mutual Funds (Debt & Equity), Initial Public Offer (IPO), Follow On Public Offer (FPO), Employee Stock Ownership Plan (ESOP), Exchange Traded Fund (ETF) and Derivatives (Futures & Options). You will also be able to transfer shares or mutual funds purchased as a resident into a NRI account. In addition, we can transfer from an existing investment account with another broker.

Please send an email to invest@profitshastra.com or call us at +91 7387092886 and we will answer any questions you have pertaining to NRIs investment options in India.

A Non-resident Indian (NRI) is a person who is a citizen of India or a person of Indian origin, currently residing outside India. To qualify for NRI status you must:

PAN card is mandatory to open investment accounts. For tax purposes, NRIs will need a PAN card from the Government of India. This ID is required for securities trading in Indian markets. You can not open a trading and demat account without a PAN card.

Official Website to figure out if PAN card or PAN number was ever issued to you (Warning: Internet browser sometimes complains about expired certificate for this website. Webpage comes up once the warning is ignored.) Please keep in mind that the PAN card you applied as a resident holds good. You do not need to apply for a fresh one.

You will need self attested copy of PAN card to open NRI demat account. Please send us an email at invest@profitshastra.com or call us at +91 7387092886 and our backoffice team will apply for PAN card on your behalf.

Indian resident demat account exist i.e. shares were bought before obtaining NRI status. These shares can only be transferred to a      NRO account linked to your new NRI demat account.

Both NRE and NRO account are repatriable. NRO accounts have limit of upto USD 1 Million per year for the amount that can be     repatriated and also need some documentation from Chartered Accountant etc. The limit of USD 1 million per financial year includes     sale proceeds of immovable properties held by NRIs/PIO. Here is a link to RBI's website that mentions the rule:

NRE account is tax-free while NRO account is subjected to tax i.e. interest earned in NRO account gets taxed. It's called Tax      Deducted at Source (TDS).

Please remember that as a NRI you can't operate a resident bank account i.e. all existing resident bank accounts should be converted to NRO accounts once a person becomes NRI. NRO account can be opened by the NRI to deposit previous or existing income earned in India in Rupees.

NRI's can invest in the Indian stock market under Portfolio Investment Scheme (PINS or PIS). Scheme is regulated by Reserve Bank of India (RBI). RBI likes to monitor investments made by non-residents so that it can keep a tab on money flowing into India from outside the country. RBI also wants to discourage hot money or short term investments and following limitations are imposed on NRI accounts through PIS:

Please send an email to invest@profitshastra.com or call us at +91 7387092886 and we can help you open PINS account linked to your NRE and/or NRO account with reputed Indian bank.

Depository: Place where the stocks of investors are held in electronic form. There are only two depositories in India -- the National Securities Depository Ltd (NSDL) and the Central Depository Services Ltd (CDSL).

Demat or Dematerialised Account: An account with a DP where financial instruments like stocks reside in an electronic form. A demat account frees you from possessing actual physical certificate. A DP account is the equivalent of custodian account at your broker.

Please send an email to invest@profitshastra.com or call us at +91 7387092886 and we can help you open a demat account with a reputed broker. We can also help with dematerialization of old paper share certificates.

Please send an email to invest@profitshastra.com or call us at +91 7387092886 and we can help you open a trading account with a reputed broker.

Your country of residence will not have any problems investing in other countries as long as you disclose your foreign earnings and pay taxes on it. Please visit NRI tax page to further understand Double Tax Avoidance treaty between India and other countries.