Yes, as a foreign national you can open a Demat account with Angel One if you are an NRI, OCI, or PIO. You need to follow RBI’s PIS rules and complete the offline KYC process.

Who can open a Demat account as a foreign national?

Only NRIs (Non‑Resident Indians), OCIs (Overseas Citizens of India), and PIOs (Persons of Indian Origin) can open a Demat account with Angel One under the RBI’s Portfolio Investment Scheme. Other foreign nationals cannot open a regular resident Demat account. This rule helps ensure that only eligible persons of Indian origin are allowed to invest in Indian stock markets with proper regulations.

What is the process to open a foreign national Demat account?

1. Open a PIS-linked NRE or NRO bank account.
2. Apply for RBI approval under PIS.
3. Complete offline KYC forms and submit notarized documents to Angel One.
4. Do in-person verification.
5. Once approved, your Demat account will be activated.

This process may seem long, but it ensures your account follows the correct guidelines. Angel One provides support through every step to make it simple for NRIs and OCIs to complete their account opening smoothly.

Which documents are needed?

You need passport, valid visa, PAN card, PIS approval letter, OCI/PIO card (if applicable), overseas and Indian address proofs, passport-size photos, canceled NRE/NRO cheque, and signed FEMA & FATCA declarations.

These documents help verify your identity and status as a non-resident Indian. Make sure the documents are self-attested and, in some cases, notarized before sending them to Angel One.

Can I trade and invest through this account?

Yes. You can do delivery-based trading in stocks, apply for IPOs, and invest in mutual funds. However, intraday trading, commodities, and currency trading are not allowed under the PIS route.

NRIs can invest in top Indian companies, build a long-term portfolio, and grow their wealth. All investments are made through proper banking channels as per RBI rules.

What are the charges for NRI Demat account?

The Demat account opening fee is around ₹500 including GST. Annual maintenance charge (AMC) is ₹450 per year or a one-time ₹2,950 for a lifetime plan. Trading charges are about 0.50% per trade for equity delivery.

Angel One offers competitive pricing and good value for NRIs who want to invest from abroad in Indian stocks and equity markets.

Are there any important restrictions?

Yes. Only delivery-based stock trading is allowed. You cannot do intraday trades, derivatives, or commodity trading. Joint accounts are not allowed. All investments must comply with FEMA and PIS limits.

It is important to follow all RBI rules when you open a Demat account as an NRI or OCI. This helps you stay safe and legal while investing from another country.