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.
- For NRE Accounts:
- Requires Portfolio Investment Scheme (PIS) details from an authorized bank.
- KYC documents must be submitted along with the PIS letter.
- For NRO Accounts:
- Only standard KYC documents are required (PAN, Aadhaar, Passport, etc.).
- PIS is not required for NRO accounts.
- 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.