What are the Know Your Client (KYC) and other requirements for opening an account as an NRI with a Trading Member/Stock Broker in IFSC?

To open an account, an NRI must submit the following documents to the Trading Member/ Stock Broker of IFSC exchanges:

1. Account Opening Form

2. PAN Card

3. Valid Indian Passport having Place of birth as India and Valid Visa – Work / Student / Employment / Resident permit, etc.

4. Any one of the following self-certified copy for Proof of Foreign Address (POA):

  1. Passport
  1. Driving License
  1. Bank Account Statement/Passbook - Not more than 2 months old
  1. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill (Not more than 2 months old)
  1. Others (Any document notified by the central government with ID Number)

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