Short answer

You can open an NRI-minor account on Arrow offline only. You cannot open NRI-minor accounts online, unlike resident-minor accounts. The documents you need depend on whether you and your minor child have registered KYC status.

Key requirements

Guardian’s responsibilities: You must sign all forms and supporting documents for your minor child. You need to provide your Tax Identification Number (TIN) details for the minor account.

Contact details: You cannot use your existing iRage mobile number and email address for the minor account. Each minor account requires a unique mobile number and email address that you do not share with any other Arrow account.

Trading restrictions: NRI clients whose residential status is not updated on the Income Tax Department (ITD) by 9th February 2024 are blocked from trading on NSE and BSE.

Documents required when KYC is not registered

Application forms

Account opening forms:

NRI account opening form (PDF).

KYC application form (PDF) for you as the guardian

CKYC form (PDF) for both you and your minor child

Demat Debit and Pledge Instruction (DDPI) (PDF) - allows brokers to debit securities from the demat account and deliver them to the exchange. DDPI is optional. You can authorise the sale of securities using CDSL T-PIN if you prefer not to submit DDPI.

Declaration forms

FATCA Declaration: Complete the Foreign Account Tax Compliance Act (FATCA) declaration (PDF). You must fill in your Tax Identification Number (TIN) in the FATCA declaration. Common TINs include:

USA: SSN, EIN or ITIN

Canada: SIN

UK: UTR or NINO

Singapore: NRIC or FIN

Australia: TFN

Find TINs for other countries by visiting web-archive.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/tax-identification-numbers/index.htm.

Other declarations:

P.O. Box Declaration: Declaration of P.O. box of your country of residence (PDF).

FEMA Declaration: Foreign Exchange Management Act (FEMA) declaration form (PDF).

Supporting documents

Passport copies: Submit self-attested and notarised copies of both your and your minor child’s passport: Indian passport holders: Provide a copy of the valid passport with the place of birth as India and a copy of the valid visa Foreign passport holders: Provide copies of the valid passport and the PIO or OCI card

Indian passport holders: Provide a copy of the valid passport with the place of birth as India and a copy of the valid visa

Foreign passport holders: Provide copies of the valid passport and the PIO or OCI card

PAN: Minor’s PAN copy signed by you and notarised Your PAN copy self-attested and notarised

Minor’s PAN copy signed by you and notarised

Your PAN copy self-attested and notarised

Address proof: For your minor child (overseas address): Provide notarised overseas address proof signed by you. Choose any one of the following: Bank statement in your minor child’s name Banker letter attested by the bank (PDF) Foreign passport in your minor child’s name

Bank statement in your minor child’s name

Banker letter attested by the bank (PDF)

Foreign passport in your minor child’s name

For you as guardian (overseas address): Provide self-attested and notarised overseas address proof. Choose any one of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (PDF) Rental agreement, lease or sale deed Resident permit card Overseas Citizen of India (OCI) card

Driving licence

Foreign passport

Utility bills

Bank statement

Banker letter attested by the bank (PDF)

Rental agreement, lease or sale deed

Resident permit card

Overseas Citizen of India (OCI) card

Cancelled cheque or bank statement of the NRO bank account in your minor child’s name

Additional minor documents: Birth certificate copy School leaving certificate Mark sheet issued by the higher secondary board

Birth certificate copy

School leaving certificate

Mark sheet issued by the higher secondary board

India address proof: Submit self-attested copies of India address proof for both you and your minor child, if available.

Income proof: Provide any one of the following income proof documents: Bank statement or passbook for the last six months Latest salary slip Form 16 or Income Tax Return (ITR) acknowledgement Net worth certificate Statement of demat holdings

Bank statement or passbook for the last six months

Latest salary slip

Form 16 or Income Tax Return (ITR) acknowledgement

Net worth certificate

Statement of demat holdings

Document verification requirements

You need to get all documents notarised by:

Indian embassy

Authorised officials of overseas branches of scheduled commercial banks registered in India (WEB)

Public notaries

Court magistrates or judges

Indian embassy (WEB) or the consulate general in the country where you reside

The attesting authority must affix a verified with original stamp, name, designation, authority or employee code, signature and date on the documents.

In-person verification

You must complete mandatory In-Person Verification (IPV) through webcam or physical verification. Both you and your minor child must be present in the same video during IPV.

Documents required when KYC is registered

If you and your minor child have registered KYC under NRI KYC status, you do not need to submit:

KYC form

PAN copies

Address proof copies

You can check your KYC status on the CVL KRA website or by creating a ticket mentioning your PAN and date of birth.

How to submit documents

Email soft copies: Send soft copies of all completed forms to support@arrow.trade. iRage will review your forms and inform you if any corrections are required.

Courier original documents: After iRage reviews your forms, courier all documents to:

iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076

Processing time: Your account will be opened within 72 working hours after receiving all documents.

Things to keep in mind

Need assistance? Call 080 4680 5727 or create a ticket.

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.