The facility is made available to our NRI clients having their demat account with NSDL DPO, NRI bank account with our NRI Branch or any CBS branch. Further, the client should be availing Portfolio Investment Services from our Bank. (Mumbai NRI/Ahmedabad NRI/New Delhi NRI).

NRI client has to file Registration Kit with ACMIIL, execute Agreement-cum-Indemnity-cum-Power of Attorney (DP-OTS-01) (Revised) stamped document with the Bank.

On-line share trading facility will be available only for delivery-based buy and sell transactions on NSE/BSE.

This facility is for investment on repatriation or non-repatriation basis in shares of Indian companies through stock exchange in secondary market under Port-folio Investment Scheme.

Duly completed and signed Registration Kit and DP-OTS-01 (Revised) will be forwarded by NRI branches to ACMIIL.

ACMIIL will retain Registration Kit and forward/handover DP-OTS-01 (Rev) to NSDL DPO.

On registration, ACMIIL will send Welcome Kit alongwith user ID and Password directly to NRI through e-mail. ( by e-mail as well as by secured mean)

For purchase of shares on order placed by NRI client, his specified NRI SB account would be blocked with the value plus brokerage.

On successful execution of buy transaction, NRI’s designated bank account would be debited with the value of shares plus brokerage at end of the day after removing the block.

Amount would be credited to Bank’s Pool Account as per existing procedure.

On T+2 morning amount would be transferred by auto transfer file from Pool Account to Brokers designated bank account.

On T+3 morning, NRI’s designated demat account would be credited with the quantity of shares purchased, directly by ACMIIL

On Trade day, or by next working day morning, ACMIIL will send Contract Note to Bank on behalf of the NRI.

In case of Sale transaction, the balance in the demat account would be blocked with the quantity of shares proposed to be sold.

On successful execution of sale transaction, NRI’s designated demat account would be debited with the quantity of shares by simultaneously removing the block and the shares would be credited through inter depository transaction to ACMIIL’s designated Demat Account on T+1. ACMIIL will send contract note for sale transaction separately to NRI Branch on T/T+1 day.

The above steps i.e placing of order, blocking of funds/shares, debiting of funds/shares to bank/demat account would be as per our existing on-line share trading procedure.

After pay out is received from the exchange, stock broker would credit NRI branch Designated Bank Account with amount Contract Note wise.

NRI branch would thereafter pass credit from its designated Bank (Pool) Account, to the bank accounts of the respective NRIs after deducting short term capital gain tax, and its processing charges.