NRI Services

  • India being one of the fastest growing economies serves as the most promising investment destination in the world. The stable political environment has made India even more favorable for investment purposes. Vibrant and well regulated capital markets coupled with developed banking system has further enhanced the entire scenario.
  • NRI investment in India is gaining momentum due to a plethora of factors aiding the growth of Indian economy. NRIs can invest in Mutual Funds, Equity, Equity SIP, NPS, NCD, Bonds, Structured Debenture Products and many more. ACE the financial hub offers all the best investment options in India for NRIs by way of providing highest standards of services.
  • Non Resident Indians (NRIs) who wish to invest in the Indian securities markets wonder whether they will be able to manage the operational procedures and paperwork involved in carrying out such investments. However, there are various ways in which investments can be facilitated and efficiently managed by NRIs.Enquiry now

Appointing a Mandate Holder

A mandate holder can be appointed to locally operate the NRE bank accounts of the NRI investor. The NRI must fill up and sign an “Appointment of mandate holder” form that can be obtained from the bank. KYC documents and specimen signature of the mandate holder should be submitted with the form. The mandate holder is also required to sign the form. Once the mandate is registered, the mandate holder can draw cheques, issue cheques, make payments, use ATM card and make deposits on behalf of the NRI.

Power of attorney (POA)

In order to provide more freedom to the person who can act on behalf of the NRI, a power of attorney can be executed in favour of the person by the NRI. A POA must be executed on the prescribed stamp paper and purpose of the POA must be clearly mentioned. The POA holder can make and redeem investments and carry out necessary paperwork on behalf of the NRI.

Online investing

If the NRI investor wants to be “hands-on” when it comes to investing, instead of giving authority to someone else, he can seamlessly carry out transactions by himself on online trading portals. There are many trading portals of brokers available for NRI investors and registration for these is possible after opening trading accounts with the broker.

Points To Note :

  • The NRI account holder can set limits on the maximum amount of debit that the mandate holder can make on the account.
  • While investing through POA, a notarized copy of the POA is required to be submitted along with KYC documents of the POA holder.
  • Different time zones may make it difficult for NRI to make investments using trading portals.