Non Resident Indian (NRI)
Resident individual Minor Non Resident Indian (NRI) Company, Partnership, HUF and LLP Glossary Getting Started Offline Account Opening
Are any stocks restricted for Non-Resident Indians (NRIs)?
Yes, certain stocks are restricted for NRI-PIS accounts based on foreign investment limits monitored by the RBI.
Are NRIs taxed on their income earned in India?
Yes, as an NRI, you are taxed on your income earned in India. As per the provisions of Section 5 of the Income Tax Act, 1961, the income you receive in…
Can a resident Arrow account be used even after going abroad?
You can use your resident Arrow account even after going abroad if your stay is less than 6 months. If it is more, you would be considered an NRI, and…
Can an NRI account be opened online?
Yes, you can open an NRI trading and demat account online, but the process varies based on your location:
Can NRIs open a joint demat account?
Yes, NRIs can open a joint demat account if the NRI is the primary holder of the PIS or Non-PIS account and the Arrow account. A resident individual…
Convert NRI account to resident: steps & documents.
You can convert your NRI demat account to a resident demat account by submitting application forms, identity documents, address and bank proof along…
Convert resident account to NRI: steps & documents.
You can convert your resident demat account to an NRI demat account by submitting application forms, identity documents, address and bank proof along…
FAQs on NRE debit balance
See the steps and notes below for Arrow account opening guidance.
How can a PIS account be mapped with Arrow?
The process to map your Portfolio Investment Scheme (PIS) account with Arrow varies by bank. Each bank requires specific documents and follows…
How can foreign corporate entities open an Arrow demat account for unlisted shares?
You can open an Arrow demat account as a foreign corporate entity holding shares in unlisted Indian companies through foreign direct investment (FDI)…
How can foreign nationals open an Arrow demat account for unlisted shares?
You can open an Arrow demat account as a foreign national holding shares in unlisted Indian companies through foreign direct investment (FDI) by…
How can foreign shareholders open a demat account with Arrow?
The Annual Maintenance Charges (AMC) for FDI accounts differ from those of regular demat accounts. To open an FDI demat account, create a ticket by…
How can NRI account holders set up 2FA security to log in to Arrow?
You can set up 2FA security by using email OTP and TOTP authentication through external authenticator apps. Since SMS OTP is not currently supported…
How can NRIs add money to their Arrow account?
Money is added and reported differently in a PIS and Non-PIS account. The differences are as follows:
How can NRIs attest or notarise their documents online via Rupeeflo?
iRage has partnered with Rupeeflo to assist NRIs with attesting or notarising documents. You can use this service if you are an NRI in the following…
How can shareholders of Indian Private companies open a demat account with Arrow to comply with the MCA Regulation?
As per the Ministry of Corporate Affairs (MCA) circular, shareholders and investors in Indian unlisted private companies must dematerialise their…
How can the address registered with an NRI Arrow be changed?
You can change the address registered with your NRI Arrow account only through offline process, unlike resident individual accounts that you can change…
How do PIS account holders pay Account Maintenance Charges (AMC) and Depository Participant (DP) charges?
Published brokerage and demat charges for Arrow accounts with iRage Broking Services LLP (SEBI registration INZ000011262) follow the Account Opening…
How does Arrow deduct TDS for NRI NON-PIS accounts?
iRage deducts Tax Deducted at Source (TDS) from your trading profits as per Section 195 of the Income Tax Act, 1961. The TDS calculation depends on the…
How is money settled in NRI accounts after buying and selling securities?
Money is settled differently after buying or selling securities in a PIS and Non-PIS account. The differences are as follows:
How to change PIS account linked with Arrow?
You can change your PIS account linked with Arrow by following these steps. iRage will charge ₹25 + GST for this change and complete the linking within…
How to fill the E-Net form (CBX) to update your PIS account balance in Arrow?
You need to submit the HDFC E-Net form (CBX) (PDF) to view your PIS account balance and update the available funds in Arrow. This enables you to…
How to migrate from Orbis CP to Arrow’s Non-PIS account?
You can switch from your existing CP code setup to the Non-PIS account to trade F&O without CP code restrictions. As per the SEBI circular, the…
How to transfer shares from an existing demat account to an NRI Arrow demat account?
You can transfer shares from your existing demat account to your NRI Arrow account. The transfer process depends on several factors: your existing…
How to understand the funds statement for an NRI PIS Arrow account?
The fund statement entries for your NRI PIS Arrow account are explained below: