Anand Rathi NRI Account Opening 2023 | Charges, Fees, Services
Anand Rathi NRI Account Opening, Charges, Services Review
Stock market is a very big and deep financial world. Patience, experience and consistency are the most valuable key points to remember while investing in the share market. In the brokerage industry, broker acts as a mediator between the customers and the national exchanges. This is very necessary to choose a modern and technical platform to invest in share market. Anand Rathi is a famous and trusted brand of the Indian brokerage industry. Established in 1994 as a full-service broker of India. Anand Rathi facilitate you to invest in NSE, BSE and MCX. Anand Rathi is the depositary member of both the exchanges CDSL & NSDL and offers free demat account opening services in its platform. Anand Rathi has a very wide network as it is present in 1200 locations across India and abroad such as Dubai, Malaysia, Bangkok, United Kingdom etc.
Anand Rathi is known for its attractive leverage facility through which you can buy unaffordable shares and trade more in the share market. Anand Rathi offers many financial services such as investment banking, wealth management, corporate finance & advisory, brokerage & distribution in various segments such as equities, commodities, mutual fund, insurance, structured products, bonds & loans to institutions etc.
Anand Rathi NRI Account:
To invest in Indian share market through Anand Rathi, an NRI must have following accounts and certificate.
1. PAN Card
PAN Card is a necessary document required while opening a demat and trading account in India. PAN Number is used to be same for both resident Indians and NRIs so, you don’t need to apply for new PAN card if you already hold one and also you can apply for new PAN card by filling up 49AA Form online through the website of UTIITSL and NSDL.
2. NRI Savings Bank Account
NRE / NRO accounts are savings account which you need to open with any designated Indian bank because Anand Rathi only offer 2-in-1 account services i.e. Demat and Trading account. It is mandatory to open a NRI Savings Bank Account and PIS account after that you need to link it with Anand Rathi NRI Demat and Trading Account.
3. Custodial Account (With Indian Clearing Corporation Ltd) (For F&O trade only)
NRIs needs to open a custodial demat and trading account with Indian Clearing Corporation Ltd (Obtain a CP code) before opening demat and trading account with Anand Rathi.
4. Anand Rathi NRI Demat Account
NRI demat account holds your securities, stocks, bonds, mutual fund units etc while NRI savings bank account holds your money. Some of the key features of Anand Rathi NRI demat account is as follows:
• Demat account with CDSL & NSDL & broker acts as a mediator.
• Demat account is same for both resident Indians and NRIs.
• Very secure to hold your securities.
• Direct credit of dividend & bonus to linked bank account.
• Online management.
• You need to link your NRI demat account with your NRI savings bank account.
5. Anand Rathi NRI Trading Account
Anand Rathi offers NRI trading account through its membership with NSE and BSE. Key features of Anand Rathi NRI Trading account are as follows:
• Facilitate you to trade almost in all segments.
• Call and trade facility.
• Real-time market analysis and charting tools.
• Access to research reports.
6. PIS Permission Certificate
To start trading in Indian stock market, an NRI should have PIS letter issued by SEBI. Your respective NRI Savings Bank will help you to obtain PIS permission certificate from SEBI.
Anand Rathi NRI Account Charges:
NRI Account Opening Charges
NRI Account AMC
Equity Delivery Brokerage
Equity Future Brokerage
Equity Option Brokerage
Documents required to open an NRI account on Anand Rathi:
An NRI should have following documents to attach with the application form to open a Anand Rathi NRI account . Application form is available in the official website of Anand Rathi.
• PAN card (Compulsory).
• 2 latest passport size photographs.
• Indian address proof – Bank passbook / passport (with VISA page) / driving license / electricity / telephone bill.
• PIS Permission letter.
• Proof of depositary accounts.
• Bank account proof.
• Overseas address proof : Driving licence / utility bills / rent agreement / bank statement (not more than 2 months old) or bank passbook / foreign passport.
Anand Rathi NRI Account Opening Process:
After getting NRI Savings Bank Account, Custodial Account with Indian Clearing Corporation Ltd (ICCL) and PIS permission letter from SEBI, you can open NRI Account on Anand Rathi by following given below steps:
• Open official website of Anand Rathi
• Open ‘Quick Links’ available in the top right of the page.
• Now download ‘Account Opening Form’
• Take a print out of the form, enter all the required details with your signature.
• Send the application form along with all the required documents to the registered office of Anand Rathi.
Anand Rathi NRI Mutual Fund:
Anand Rathi provide the facility for NRI investors to invest in various Mutual Fund schemes. Some important features are as follows.
• 5000+ MFs offered by 35+ AMCs.
• Online performance tracker.
• Wide range of tools
• Allow you to invest through lumpsum or SIP.
Anand Rathi NRI Trading Software:
Anand Rathi offers free trading software which is same for resident Indians and NRIs. You can trade and analyse by using software.
• Trade X’Press+ (Web-based trading platform)
• Trade X’Pro (Desktop Trading Software)
• Trade Lite (Light web-based app)
• Trade X’Pro+ (Suite of trading tools)
• Trade Mobi (Mobile trading application)
• Anand Rathi online MF (Mutual fund app)
Anand Rathi NRI Customer Care:
You can contact Anand Rathi customer care executive via mobile number and email id.
Phone no.- 0291 666 1001
Email id- firstname.lastname@example.org
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Frequently Asked Questions
Shares can be sold on same day if you have holdings available in your account otherwise it can be sold next day.
You will need a custodial account with any adult as you’re younger than the maturity age (18 or 21) because Pan card is a mandatory document needed to open your demat and trading account.
Every segment has variable timing schedule which is as follows: Equity (NSE, BSE, NSEFO & BSEFO) – 4:30 pm to 8:45 am Commodity (MCX & NCDEX) – 12:15 am to 9:45 am Currency (MCXSX & NSECDS) – 5:30 pm to 8:45 am DGCX – 2:00 am to 8:15 am
Any investor can place multiple E-SIP / SWP requests for different scrips but you need to submit separate request for each script.
Anand Rathi is a very safe, secure and diverse platform. This broker is known for its transparency, free trading software and free account opening facility. Anand Rathi also provides advisory & research services to their clients. One should choose Anand Rathi as their investment platform because of its world-class facilities.
No, it is not necessary to have a demat and trading account with Anand Rathi to invest in mutual fund, you can also open a separate Anand Rathi Mutual Fund Account by visiting the official website or mobile application.
Any individual, Hindu Undivided Family (HUF), partnership firm, proprietary firm, a company can open trading account with Anand Rathi via online method or by visiting the nearby branch.
Yes, Anand Rathi offers After Market Order (AMO) facility on its platform.
Applicable charges for trading in commodities on Anand Rathi are as follows: • Brokerage – Already decided at the time of account opening (Minimum Rs 25 per contract). • Exchange Fee – As per the exchange norms. • Stamp Duty – Applicable as per state norms. • Service Tax – As per the govt. norms.
Anand Rathi is the depositary participant of both NSDL and CDSL. Customer’s demat account on Anand Rathi is registered with CDSL or NSDL.
No, Anand Rathi does not offer online facility to invest in IPOs but you can invest by using ASBA facility and mention Anand Rathi demat account number in the form.
When you used to sell any asset such as shares, bonds, debentures, land, house, agricultural land, shop and mutual fund units, you make a profit on the sale which is known as capital gains and the tax you pay on this profit is known as capital gains tax.
Balance Quantity > 0, then it is +ve position. Balance Quantity < 0, then it is -ve position. If both positions are together then comes under all positions.
Anand Rathi offers a new service known as E-SWP (Equity Systematic Withdrawal Plan) by which you can sell your orders for selected amount or quantity in the desired scrips at regular intervals in the long run.