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How to invest money in India?

February 11, 2013

Are you an Non-Indian citizen or non-resident looking to invest your money in India? It can be confusing if you have never done it before. It takes a lot of research to come up with the perfect approach to investing from abroad. To make it easier on you, we have done some of your research for you. Here we have the information you need to get started and the steps you need to take in order to invest in India while living abroad.

The first step that you need to take before you invest is to register for a PAN number. It is much easier to do this online because you are so far away, unless you plan to come to India for at least a month to get this done. You can do this online through the government website, but if you do not want to do as much work, you can always go through an online broker. They will always make it easier on you as you only need to provide them the documents and form and they will do everything else. There are many brokers out there now, however there is one agency that excels in such a service for the last 5 years: http://www.nriinvestindia.com/nri-apply-pan-card-online.html

It takes about 15-20 business days to receive your permanent account number. After you have your PANcard, you will need to open a bank account which could be a NRE or a NRO account. These could come with two options: repatriable or non-repatriable. You will need to decide which one suits your needs the most. An NRE account is repatriable and an NRO account is Non-Repatriable. After you have opened a bank account, the next step would be to open a Demat account.

You will need a Demat account in order to buy or sell shares when investing in the Indian stock market. To open a Demat account from abroad is a fairly easy process now. You can do the whole process from your country without having to come to India. There are many brokers now for this process as well. You will need to fill up the application and provide the necessary documents and send it via post to the brokers address in India. The broker that you open up a Demat account with, will usually be the one you are investing with as well. There is another option too. You can also use your bank account as a Demat account if you wish to. This might make it easier and the process faster.

After that, there is one more account that you need to open before you get started. It is called a brokerage account. You cannot invest any money unless you get a stock broker first. All of the brokers charge differently, so again, this is where you need to research. Find out which one gives you what you need and fits your budget. You can also choose a discount broker that allows you to make more of your own decisions. A broker like www.NRIinvestIndia.com can help you with all of these services in one. So there you have it, the sooner you finish all of this, the sooner you can start investing.

Happy investing in India!

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