NRE/NRO Bank Account
   
     
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Financial FAQs
 
   
   
 
You need to open 3
different kinds of
accounts to be able
to buy and sell in the
secondary market:
 
An NRE/NRO Bank
Account with a
designated bank
branch (Barjeel-Geojit has a tie-up
with UTI Bank for
the purpose)
   
A Depository
Account
   
A Trading
Account
   
(Don’t get disheartened!
Barjeel will get everything organized for you.)
 
 
 
A PAN
Permanent
Account
Number
 
 
 
 
You need to open an NRE account if you wish your investments
to be repatriable; if not an NRO account is sufficient.
 

These accounts can be in single or joint names. Barjeel-
Geojit will assist you in opening the account with UTI Bank
in Cochin who will also arrange for the RBI permit.
A separate RBI permit is required for each account. Approximate time required is 10 days after submission
of completed documents at Barjeel-Geojit.

Documents to be submitted are:
  • Application in the prescribed form
  • Photograph of each holder. If RBI permit is sought,
    2 additional photos are required.
  • Copy of passport towards proof of identity
  • Copies of visa pages as proof of NRI status
  • A bank draft payable to yourself at Kochi for a
    minimum of INR 6000
  • Letter authorizing Barjeel-Geojit to obtain information
    about account balances
  • Letter authorizing Barjeel-Geojit to receive payments
    from UTI Bank against share purchases
  • If you already hold shares, you are required to make
    a declaration to this effect in the prescribed format
    indicating date of acquisition and price of acquisition.