Can NRIs open an account with Lakshmishree?

Yes, NRIs (Non-Resident Indians) can open a Demat and Trading Account with Lakshmishree through NRE and NRO accounts. However, only the Equity segment is available for NRE accounts, and if an NRI wants to trade in F&O (Futures & Options), an NRO account will be required.
 

  1. For NRE Accounts:
    • Requires Portfolio Investment Scheme (PIS) details from an authorized bank.
    • KYC documents must be submitted along with the PIS letter.
       
  2. For NRO Accounts:
    • Only standard KYC documents are required (PAN, Aadhaar, Passport, etc.).
    • PIS is not required for NRO accounts.
       
  3. Account Opening Process:
    • Physical documentation is mandatory.
    • The investor must be physically present for verification and in-person document submission.
       

For further details, contact Lakshmishree's customer support.