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NSE IFSC Receipts:
Investment in US Stocks

Trading in Global Stocks* is an innovative first-of-its-kind product, offered by NSE IFSC, giving Indian Retail Investors to diversify their investment in global economies and top performing companies. All investments are subject to RBI’s Liberalised Remittance Scheme.

Key Features

Trading, Clearing, Settlement of Global stocks* governed and regulated by IFSC Authority.
Trading in fractional quantity and demat holdings with IFSC depository.
Eligible to receive corporate action benefits.
All orders will be traded and settled in NSE IFSC; No order will be diverted to other platform or brokers registered with global exchanges.
Low cost remittance through preferred Banking partners
Presently 50 US Stocks in the form of unsponsored depository receipts (UDR) are available for investment.

Eligible Trading Members

a) Person resident outside India
b) Non-resident Indians
c) Individual resident in India who is eligible under FEMA to invest funds offshore, to the extent allowed in the Liberalized Remittance Scheme of Reserve Bank of India

Stepwise Process

An Indian resident who wishes to trade in NSE IFSC Receipts on NSE IFSC platform must complete the below formalities before he can commence trading:
Register with an IFSCA registered Trading Member – Anand Rathi International Ventures (IFSC) Pvt Limited and complete the KYC requirements
Complete documentation for Liberalized Remittance Scheme (LRS) with the bank
Transfer US Dollars from your bank account to the your trading account with Anand Rathi International Ventures ( IFSC ) in GIFT City
On Confirmation and Receipt of the USD funds start trading NSE IFSC Receipts on NSE IFSC platform.

*All documents including nominee proof to be self attested by the account holder

Documentation

Non Resident Indian

Document Mandatory or Optional
PAN Mandatory
3 month Bank Statement ( Funding Bank ) or ITR or Cancelled Cheque Mandatory
Overseas Address Proof - Utility Bill Mandatory
Aadhar Card & Aadhar Consent Letter Optional
Passport with valid VISA Stamp Mandatory
Passport Size Photo Mandatory

Indian Domestic Customer- Individual

Document Mandatory or Optional
PAN Mandatory
1 month Bank Statement ( Funding Bank ) or ITR Mandatory
Local Address Proof - Utility Bills Mandatory
Aadhar Card & Aadhar Consent Letter Mandatory
Cancelled Cheque Optional
Passport Size Photo Mandatory

Eligible Foreign Investor

Document Mandatory or Optional
PAN Mandatory
Tax Identity Number or Equivalent ID Mandatory
Valid Passport ( Foreign) / OIC Card Mandatory
3 Months Overseas Bank Statement Mandatory
Overseas Address Proof Mandatory
Passport Size Photo Mandatory

Indian Resident having Account with Anand Rathi

Document Mandatory or Optional
KYC Consent Form Mandatory
1 month Bank Statement ( Funding Bank ) or Cancelled Cheque Mandatory

Courier the duly filled form and KYC documents to:

Dinesh Modi

634, SIGNATURE TOWER, 6TH FLOOR, BLOCK 13B, ZONE 1, GIFT CITY, GANDHINAGAR, GUJARAT, INDIA - 382355

* All documents including nominee proof to be self attested by the account holder

* All KYC Documents to be self Attested

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