Setting Up NRI Accounts for Investing in the Indian Market

As an NRI, your first step is to decide the type of account you wish to open—whether it's a NRE account, NRO account, or an F&O account. Note that an F&O account can only be in NRO mode.

Here’s how to set up the necessary accounts based on your investment choice:

To Invest in NRO (Non-Repatriable Mode)

1. Trading Account with Navia
2. Demat Account with Navia
3. NRO Savings Bank Account with any bank in India. If you don’t have one, Navia can assist you in setting up an NRO bank account.

To Invest in NRE (Repatriable Mode)

1. Trading Account with Navia
2. Demat Account with Navia
3. PIS (Portfolio Investment Scheme) Bank Account with Axis Bank, HDFC Bank, or IDFC First Bank
4. NRE Savings Bank Account with any of the above-mentioned banks

Navia serves as a one-stop solution to set up all these accounts. After the initial paperwork, all transactions in these accounts can be done online.