2 hrs ago

Best Apps for Opening NRI Demat Accounts in India

An NRI is an Indian citizen or person of Indian origin who lives outside India.

An NRI Demat account can help them invest in eligible Indian shares and other products.

The article lists several platforms, including Groww, Zerodha, and bank-backed services.

Groww offers a digital Non-PIS NRO route and does not require a PIS letter.

Other platforms may connect investing services with NRE or NRO banking accounts.

NRIs should compare fees, documents, investment choices, and account rules before choosing.

They should also check whether investments can be transferred abroad under applicable repatriation rules.

The article says its information is sponsored and that ThePrint journalists did not write it.

Key facts

Featured digital route: Groww offers a Non-PIS NRO Demat route that does not require a PIS letter.
Groww bank requirement: An existing active NRO bank account can be linked to Groww without opening a new bank account.
Products mentioned: Eligible products may include stocks, F&O, mutual funds, ETFs, IPOs, bonds, and other securities, subject to rules and availability.
Key account choice: NRIs should determine whether they need an NRE or NRO account.
Selection factors: Important considerations include fees, KYC, remote onboarding, repatriation rules, country support, customer service, and investment restrictions.
Sponsorship disclosure: ThePrint BrandIt identifies the article as paid-for sponsored content and says ThePrint journalists were not involved in reporting or writing it.

theprint.in · 3 hrs ago