Discount Broker in India |commodity broker in India

To invest in Indian Markets in NRI status the following accounts are required

01. NRI savings account 02. PIS account 03. Trade account 04. Demat account

Navia is associated with Axis, HDFC and YES Bank for PIS Bank Account opening for its NRI Clients. The PIS Bank Account and Non PIS Bank Account (NRE or NRO) will be opened with the any one of mentioned Banks. The daily reporting, Pay-in and Pay-out processes are interlinked operationally between Navia and the respective Bank.

Trade and Demat KYC forms can be printed from the attached files

Brokerage - .30%

Documents required to open share trade and PIS account.

· 2 Passport size colour photograph

· PAN card Photocopy

· Passport and Visa or OCI Photocopy

· Latest Overseas address proof ( Utility Bill, Bank Statement, Driving Licence )

· Cheque fvg “ Navia Markets Limited” for Rs.5750 ( Rs.2500 – Towards Onetime account opening charges, Rs.2500 – Demat Annual Maintenance charges for 10 years plus 15% service tax on 5000)

How to start trading:

1. Fund your PIS Bank Account. You can either do a wire transfer from your Bank account abroad or transfer funds from another NRI Bank Account in India.

2. Please note that funds need not be transferred to Navia , all you have to do is that you funds intended to be invested are made available in the PIS Bank Account.

3. Your Trading Account with Navia will be automatically enabled to do purchases to the tune of the funds available in your PIS Bank Account.

4. The Funds in your PIS Bank Account will be automatically swiped to the tune of the value purchases done if any in your Trading Account. A Contract note to this effect will be emailed to you and the Bank (for RBI reporting).

5. Likewise when you do a sale of shares held in your demat account, the proceeds will be automatically credited to your Bank Account