Short answer

You can open an Arrow demat account as a foreign national holding shares in unlisted Indian companies through foreign direct investment (FDI) by submitting the following documents to iRage. For any assistance, create a ticket or email support@arrow.trade. iRage will respond within 48 hours.

Documents required

You need to submit the following documents:

Forms and declarations:

KYC & Demat application form -

FEMA declaration (PDF)

Client Details Form (PDF)

Proof of foreign bank account (bank statement, personalised cancelled cheque leaf, or letter from the bank)

Identity proof:

Copy of PAN (apply for a new PAN through NSDL Link ) - must be notarised

Foreign passport - must be notarised

Other country resident visa (if residing in a country other than the one mentioned in the passport)

Address proof (any one, must be notarised ):

Driving licence

Foreign passport

Resident permit card

Bank statement (must be from the last 2 months, counted from the date of receipt of hard copies)

Banker letter attested by the bank (on the bank’s letterhead)

Rental agreement

iRage has partnered with Rupeeflo to assist NRIs with attesting or notarising documents.

Submitting documents

Follow these steps to submit your documents:

Email the soft copies to support@arrow.trade. iRage will review them and send you a confirmation email once the forms are verified.

After receiving the confirmation email, courier the physical documents to:

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

Your account will be opened within 4 working days after iRage receives your documents.

Broker details

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