To open a Demat account with Angel One as a foreign national, you must be registered as an NRI (Non-Resident Indian), OCI (Overseas Citizen of India), or PIO (Person of Indian Origin). You will need special permission from RBI and a PIS (Portfolio Investment Scheme) account from an authorized bank. Once you have that, you can submit the required documents to Angel One to open the Demat and trading account.

What is the process to open a Demat account with Angel One as a foreign national?

Here is the step-by-step process to open a Demat account as a foreign national (NRI/OCI/PIO):

1. Get RBI approval under the Portfolio Investment Scheme (PIS).
2. Open a PIS bank account with an authorized Indian bank.
3. Fill Angel One’s NRI Demat and trading account forms.
4. Attach all required documents (listed below).
5. Courier all signed forms and documents to Angel One head office.
6. Once verified, your Demat and trading account will be activated.

What documents are required for foreign nationals to open a Demat account?

These are the main documents needed to open a Demat account as a foreign national with Angel One:

• Copy of passport (self-attested)
• Copy of visa or overseas address proof
• PAN card (mandatory for all investors)
• Proof of Indian address (if available)
• PIS permission letter from the bank
• Passport-size photographs
• FEMA declaration and FATCA declaration

All documents must be self-attested and notarized or attested by the Indian Embassy or a bank.

Can foreign nationals directly invest in Indian stock markets?

Yes, foreign nationals who qualify as NRIs, OCIs, or PIOs can invest in Indian stock markets through the PIS route. Direct foreign citizens (non-NRIs) without Indian origin usually cannot open Demat accounts unless they register as Foreign Portfolio Investors (FPIs) with SEBI.

What is the difference between NRE and NRO account for trading?

NRE accounts are used to invest income earned outside India, and profits can be repatriated. NRO accounts are used for income earned in India like rent or dividends, and repatriation is limited. Both can be linked with Angel One, but depending on your income source, you must choose the correct account type.

Is online KYC available for NRIs or foreign nationals?

Currently, online KYC is not available for NRIs or foreign nationals. You need to fill physical forms and courier them to Angel One. Also, all documents must be signed, attested, and properly verified as per SEBI norms.

Why choose Angel One for NRI or foreign Demat accounts?

Angel One offers expert support for NRI and foreign nationals. They provide a smooth process, quick document verification, and investment tools to help manage your Indian portfolio. With low charges and great service, Angel One is a trusted choice for NRIs and global investors.