--- title: "What documents are required to open an Arrow account as an NRI?" description: "NRIs and Persons of Indian Origin (PIO) must ensure their residential status is marked as Non-resident on the ITD website before opening an account. If…" category: account-opening subcategory: nri slug: what-documents-are-required-to-open-a-irage-account-as-an-nri-2 canonical: https://support.arrow.trade/account-opening/nri/what-documents-are-required-to-open-a-irage-account-as-an-nri-2/ --- # What documents are required to open an Arrow account as an NRI? > NRIs and Persons of Indian Origin (PIO) must ensure their residential status is marked as Non-resident on the ITD website before opening an account. If… ## Short answer NRIs and Persons of Indian Origin (PIO) must ensure their residential status is marked as Non-resident on the ITD website before opening an account. If the KYC status is Non-resident, there is no need to notarise the documents. If not, the documents must be notarised by the Indian embassy, authorised officials of overseas branches of scheduled commercial banks registered in India, public notaries, court magistrates, judges, or the Indian embassy or consulate general in the country where the NRI resides. The attesting authority should affix a verified with original stamp, name, designation, authority or employee code, signature and date on the said documents. To check the KYC status, create a ticket and mention the PAN and date of birth. All documents must be within their validity periods when submitting your application. If any expire before you complete the account opening process, you'll need to obtain new copies. If your current signature does not match the previous KYC records, you will need to provide a Banker's signature letter (PDF) from your bank (Indian or Overseas). NRIs and Persons of Indian Origin (PIO) must ensure their residential status is marked as Non-resident on the ITD website before opening an account. If the KYC status is Non-resident, there is no need to notarise the documents. If not, the documents must be notarised by the Indian embassy, authorised officials of overseas branches of scheduled commercial banks registered in India, public notaries, court magistrates, judges, or the Indian embassy or consulate general in the country where the NRI resides. The attesting authority should affix a verified with original stamp, name, designation, authority or employee code, signature and date on the said documents. To check the KYC status, create a ticket and mention the PAN and date of birth. All documents must be within their validity periods when submitting your application. If any expire before you complete the account opening process, you'll need to obtain new copies. If your current signature does not match the previous KYC records, you will need to provide a Banker's signature letter (PDF) from your bank (Indian or Overseas). The documents required to open a Arrow account as an NRI varies based on the type of NRI account. ## Table of contents ## Portfolio Investment Scheme (PIS) account A Portfolio Investment Scheme (PIS) account requires a permission letter from the RBI to buy and sell shares in the Indian markets. The permission letter has to be through one of iRage's partner banks: HDFC Bank IndusInd Bank IDFC First Bank Axis Bank Yes Bank ICICI Bank Funds from the Non-Resident Ordinary Account (NRO) and Non-Resident External Account (NRE) bank accounts can be invested in this account. The table below shows the documents required for a Portfolio Investment Scheme (PIS) account: Equity application form (PDF). Sample equity form (PDF). Refer to the signature guidelines (PDF) to learn how to sign all the forms. Demat Debit and Pledge Instruction (DDPI), (PDF) allows brokers to debit securities from the demat account and deliver them to the exchange. However, DDPI is optional. Clients who do not want to submit DDPI can authorise the sale of securities using CDSL T-PIN. Self-attested copy of the PIS letter from the bank. Declaration of P.O. box of country of residence (PDF). Sample form (PDF). Indian passport Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Foreign passport Self-attested and notarised valid passport, visa and the PIO, OCI or resident card. Self-attested and notarised valid passport, visa and the PIO, OCI or resident card. Self-attested and notarised copy of the Indian address proof if available. Self-attested and notarised copy of the overseas address proof in English. The address proof can be any of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Rental agreement, lease, or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Rental agreement, lease, or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card If the client is in India and submitting the documents to the iRage branch or if the notary is being done in India, the latest immigration copy should be provided. A self-declaration (PDF) is required if there is a minor mismatch in the name between the supporting documents. Self-attested personalised cancelled cheque or bank statement from the NRE account. Due to their classification as Clients of Special Category (CSC), NRIs must submit self-attested income proof while opening an account. Income proof can be any of the following: Bank statement or passbook for the last six months. The 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. The latest salary slip. Form 16 or Income Tax Return (ITR) acknowledgement. Net worth certificate. Statement of demat holdings. ## Non-PIS account A Non-PIS account does not require a permission letter from the RBI. In this account, funds can be invested only from an NRO bank (any NRO Bank) account. The Non-PIS account is recommended as it has fewer restrictions, lower costs, and a more effortless investing experience. The table below shows the documents required for a Non-PIS account: Equity application form (PDF). Sample equity form (PDF). Refer to the signature guidelines (PDF) to learn how to sign all the forms. Demat Debit and Pledge Instruction (DDPI), (PDF) allows brokers to debit securities from the demat account and deliver them to the exchange. However, DDPI is optional. Clients who do not want to submit DDPI can authorise the sale of securities using CDSL T-PIN. Declaration of P.O. box of country of residence (PDF). Sample form (PDF). Indian passport Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Foreign passport Self-attested and notarised valid passport, visa and the PIO, OCI or resident card. Self-attested and notarised valid passport, visa and the PIO, OCI or resident card. Self-attested and notarised copy of the Indian address proof if available. Self-attested and notarised copy of the overseas address proof in English. The address proof can be any of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Rental agreement, lease, or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Rental agreement, lease, or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card If the client is in India and submitting the documents to the iRage branch or if the notary is being done in India, the latest immigration copy should be provided. A self-declaration (PDF) if there is a minor mismatch in the name between the supporting documents. Self-attested personalised cancelled cheque or bank statement from the NRO account. Due to their classification as Clients of Special Category (CSC), NRIs must submit self-attested income proof while opening an account. Income proof can be any of the following: A bank statement with the bank logo and seal in the name of the Arrow account holder for the last 6 months with an average balance of more than ₹10,000. Latest salary slip with gross monthly income exceeding ₹15,000. Latest ITR acknowledgement with gross annual income exceeding ₹1,20,000. Latest Form 16 with gross annual income exceeding ₹1,20,000. Certificate of net worth more than ₹10,00,000. Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged) Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000. A bank statement with the bank logo and seal in the name of the Arrow account holder for the last 6 months with an average balance of more than ₹10,000. Latest salary slip with gross monthly income exceeding ₹15,000. Latest ITR acknowledgement with gross annual income exceeding ₹1,20,000. Latest Form 16 with gross annual income exceeding ₹1,20,000. Certificate of net worth more than ₹10,00,000. Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged) Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000. Did you know? NRE savings bank account can be added as a secondary bank account to an NRO-NON-PIS account. ## Joint account 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 can only be a joint account holder in an NRI joint account. The table below shows the documents required if the second holder is a resident: Individual KYC application form (PDF). Self-attested address proof. Any of the following: Driver’s licence Passport Aadhaar. If an Aadhaar is being submitted as proof, ensure that a masked Aadhaar is submitted. To learn how to get the masked Aadhaar. Driver’s licence Passport Aadhaar. If an Aadhaar is being submitted as proof, ensure that a masked Aadhaar is submitted. To learn how to get the masked Aadhaar. If the second holder is an NRI, the documents required will vary based on the NRI's KYC status. If the NRI's KYC status is unknown, create a ticket mentioning the PAN and date of birth of the NRI to find out. If the KYC status of the NRI second holder is Not Registered or registered as a Resident, a new KYC is to be done, and the below-mentioned documents need to be notarised. The attesting authority should affix a verified with original stamp, name, designation, authority or employee code, signature and date on the said documents. The table below shows the documents required if the second holder is an NRI: Individual KYC application form (PDF). Declaration of P.O. box of country of residence (PDF). Sample form (PDF). Indian passport Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Foreign passport Self-attested and notarised valid passport, visa and the PIO, OCI or resident card. Self-attested and notarised valid passport, visa and the PIO, OCI or resident card. Self-attested and notarised copy of the Indian address proof if available. Self-attested and notarised copy of the overseas address proof in English. The address proof can be any of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Rental agreement, lease, or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF). Rental agreement, lease, or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card ## In-Person Verification (IPV) In-Person verification (IPV) is the process of verifying that the person opening the account and the documents submitted are of the same person. As part of the mandatory IPV requirement for all brokers, the authorised person must complete the verification. To complete the IPV online, visit kyc.arrow.trade/ipv. A 4-digit OTP is generated and shown on the screen. Clients are required to enable the camera and show the OTP while being clearly visible. To complete the IPV offline, the authorised person must visit a iRage branch office, or a representative of iRage would be required to visit the offices or residences of the client to complete the IPV procedure. ## Submission process The account opening charge is ₹500 for equity trading and demat accounts. Email soft copies to support@arrow.trade for review. Make corrections if requested. Courier documents with ₹500 cheque payable to iRage Broking Limited to: iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076 Processing time: Up to 72 working hours To learn about the applicable charges, see What are the charges for NRI accounts on Arrow? For further assistance, call 080 4680 5727 or create a ticket. ## Nominee You can add resident Indians and NRIs as nominees to your Arrow account. For NRI nominees, you must provide an Indian address and mobile number. Required details (based on CDSL requirements): Your nominee's identification: PAN, Aadhaar, passport, or driving licence number Your nominee's mobile number and email ID For minor nominees Guardian's contact details and ID number must be provided, along with the minor's contact details. If minor’s contact details are not available, the guardian’s contact details can be considered instead. You may also use your own contact details for the minor. Guardian's contact details and ID number must be provided, along with the minor's contact details. If minor’s contact details are not available, the guardian’s contact details can be considered instead. You may also use your own contact details for the minor. While you don't need to submit ID proof, iRage recommends providing valid ID proof for accuracy. ## Things to keep in mind ## Broker details iRage Broking Services LLP (SEBI registration INZ000011262), product name **Arrow**. Registered office: Gift City, Gandhinagar. ## Related - Browse more in [nri](/account-opening/nri/) - Open account: [kyc.arrow.trade](https://kyc.arrow.trade) - Trade on Arrow: [app.arrow.trade](https://app.arrow.trade) - Support: [support@arrow.trade](mailto:support@arrow.trade) --- Source: https://support.arrow.trade/account-opening/nri/what-documents-are-required-to-open-a-irage-account-as-an-nri-2/ Publisher: Arrow / iRage Broking Services LLP