Open Your NRI Demat Account
With Groww
Groww now offers NRI investing on the Non-PIS NRO route, no PIS letter, no bank hassles.
Why Choose Groww for Your NRI Demat Account?
Millions of Indians already invest with Groww every day, and NRIs can now enjoy that same seamless experience, with a fast, fully digital onboarding process.
Why Invest in India?
India is one of the world's most compelling growth stories, and you don't have to live here to be part of it. For NRIs, staying invested isn't sentimental; it's a strategic decision backed by strong growth, macro momentum, and easy repatriation.
Open Your NRI Demat Account With Just 4 Documents
Documents verified digitally, in minutes
- 1
PAN Card
- 2
Passport (Indian or Foreign) & OCI card (When applicable)
- 3
Overseas address proof
- 4
NRO bank account details
FAQs
What is an NRI Demat Account?
An NRI Demat Account lets Non-Resident Indians (NRIs) hold and manage shares and other eligible securities electronically, in compliance with applicable regulations.
What documents are required to open an NRI Demat Account?
To open an NRI demat account, you will need a PAN card, passport, overseas address proof, an OCI card (if applicable), a recent photograph, your signature, and NRO bank account details.
Who is eligible to open an NRI demat account with Groww?
NRIs and OCI/PIO cardholders with a valid PAN card, an Indian passport (or a foreign passport with OCI), and an active NRO bank account.
What can I trade in from my NRI demat account?
Through the Non-PIS (Portfolio Investment Scheme) NRO route, you can invest in equity delivery (stocks), Futures & Options (F&O), mutual funds, ETFs, and IPOs. Margin Trading (MTF) and commodities are not permitted under this route.
What is the Non-PIS NRO, route and why does it matter?
The Non-PIS route lets NRIs invest in Indian stocks through their NRO account, without needing RBI approval or a PIS letter. It involves significantly less paperwork, faster onboarding, and lower banking costs than the traditional PIS route.
Do I need a new bank account to open an NRI demat on Groww?
No. If you already have an active NRO account, you can simply link it, no new bank account needed.
How is taxation handled for NRI Demat Account?
For NRIs, taxes are handled via TDS (Tax Deducted at Source). When you sell securities at a profit, the applicable capital gains tax is automatically deducted by the broker before the final sale proceeds are credited to your Groww balance.