Brokers Work to Ease Demat Account Opening for NRIs

Opening a stock market account (demat account) in India is hard for people who live outside the country (NRIs).

It involves lots of paperwork, sending documents back and forth, and getting them checked.

Companies like Zerodha and Angel One are trying to make it easier with the help of a startup called Rupeeflo.

Rupeeflo uses technology to scan documents and fill in forms automatically.

They also use digital notarization, where a notary can verify documents over a video call.

However, this digital method has some legal uncertainties, meaning it's not fully clear if it's allowed.

Even with these changes, you still need to sign some papers and send them by courier.