Company Info
 
 
 
   
 
 
 
NRI
CANMONEY - ONLINE TRADING TO NRIs/PIO

www.canmoney.in  welcomes you to the world of hassle free, paperless, seamless trading facility in the Indian Stock Market.

Reserve Bank of India has permitted the Non Resident Indians (NRIs) to invest in the Indian Stock Market and to trade through Registered Stock Brokers. NRIs/PIO of all countries where their local laws do not restrict/prohibit On Line Trading (OLT) are eligible to avail OLT facility through our portal. NRIs/PIO residing in USA is not eligible to avail this facility.

BASIC REQUIREMENTS: 3 IN 1 ACCOUNT
 

  • NRE Savings / Current Account - PIS (Portfolio Investment Scheme) with any of the designated branches.
  • Demat Account with Canara Bank Depository Participant (DP).
  • Trading Account with Canara Bank Securities Ltd. (CBSL), Mumbai.

PORTFOLIO INVESTMENT SCHEME (PIS): IMPORTANT NOTE
 
 
  • The SB/CA - PIS account can be opened only in select Designated Canara Bank branches in India.
  • The NRI/PIO may either open a Savings Bank (SB) account or a Current Account (CA) PIS account.
  • The NRI/PIO may either open NRE - PIS account or NRO - PIS account for investing in shares on repatriable or
    non-repatriable basis respectively.

POINTS TO REMEMBER WHILE FILLING-IN THE FORMS
 
  • Corrections, if any, should be duly authenticated by the applicant
  • Address on the form should be exactly as on the address proof document provided.
  • Name & Date of birth should match with that given in the PAN Card.
  • E-mail id and telephone numbers should necessarily be mentioned. Correctness of your e-mail address is of utmost importance as most of the future correspondence will be to your e-mail address registered with us.
  • The signatures should be properly witnessed, wherever the space is provided for.
  • -Original seen and verified stamp- should be affixed by bank official or documents should be attested by Indian Embassy/Consulate General of the respective country
  • On Line Trading (OLT) to US based NRIs/PIO is NOT permitted.
  • Customer self attestation is required on all supporting documents.
  • The documents may be attested by officials of Canara Bank, when NRI/PIO is in India or by Notary Public/Court/Magistrate/Judge/Local Banker/Indian Embassy/Consulate General of the country, when the NRI/PIO is abroad.
     
    • Proof of Identity - Copy of PAN Card
    • Copy of Passport / visa / work permit
    • Proof of Overseas Address
    • Proof of Indian address
STEPS FOR OPENING ON LINE TRADING (OLT) ACCOUNT WITH www.canmoney.in WHEN YOU ARE ABROAD
 
STEP 1: Visit www.canmoney.in  >> NRI Service

STEP 2: Download and print the following:
 
STEP 3: Fill-in the above forms in all respects duly affixing your photographs in the relevant space provided.

STEP 4: Get the following forms/documents attested with �Original seen & verified- stamp by any of the entities viz., Notary Public, Court, Magistrate, Judge, Local Banker, Indian Embassy/Consulate General of the country where you are residing:
 
  • SB/CA � PIS NRE/NRO Account Opening Form for NRIs - Introduction column
  • Page 4 of Demat Account opening Form - In-person verification column
  • Page 3 of Trading Account opening Form - In-person verification column
  • Copy of Passport/Visa/work permit
  • Copy of Pancard
  • Copy of Proof of Indian & Overseas Address


STEP 5: The SB/CA � PIS account can be opened only in select designated Canara Bank branches. To view the list of Canara Bank branches designated to open PIS account in India Click here

STEP 6: Send the following forms/documents to the desired designated Canara bank branch:
 
  • SB/CA - PIS NRE/NRO Account Opening Form for NRIs
  • Demat Account opening Form
  • Trading Account opening Form
  • Form RPI (for buy/sell of shares under repatriable basis)
  • Form NRI (for buy/sell of shares under non-repatriable basis)
  • PIS Declaration
  • FEMA Declaration
  • 3 attested Copies of Passport/Visa/work permit
  • 3 attested Copies of Pancard
  • 3 attested copies of Proof of Overseas & Indian Address
  • 3 attested Copies of Passport/Visa/work permit
  • Remittance of Rs.700/- favouring Canara Bank Securities Limited, which includes
    - Rs.200/- towards Trading account opening charges + Out of Pocket expenses

    To view the mode of remitting the initial deposit to the designated Canara Bank branch click on the link given below:
    http://www.canarabank.com/English/scripts/NRIRemittanceFacilities.aspx 


STEP 7: Once all the aforesaid documents are received at the desired PIS designated branch, your SB/CA PIS NRE/NRO account will be opened. Your Demat account will be opened with Canara Bank and your trading account will be opened with us.

STEP 8: Subsequently, you will receive client ID and password in two separate snail mails to your correspondence address. Once you receive the same, you need to send an e-mail confirmation to us at customercare@canmoney.in from your e-mail address registered with us or you may call us on 1800 22 0369 / 1800 103 1369 or +91 22 2280 2400 / 2437 / 2443 and your trading account will be activated for On Line Trading (OLT).

STEP 9: At times, you may not be able to access your system or loose the internet connectivity during the trade hours. To overcome such situation, after the activation process, we shall send to you a unique 4-digit Telephone Personal Identification Number (TPIN) by snail mail with which you can also place your orders through telephone by calling on the Number 1800 22 0369 / 1800 103 1369, while in India or +91 22 2280 2471 - 2473 while abroad.

STEPS FOR OPENING ON LINE TRADING (OLT) ACCOUNT WITH www.canmoney.in WHEN YOU ARE ON A VISIT TO INDIA
 
STEP 1: Call on us on our Toll Free Number 1800 22 0369 / 1800 103 1369 or 022 2280 2400 / 2437 / 2443 and we shall arrange to provide you the application forms OR you may visit (y)our nearest CBS enabled Designated Canara Bank branch for application forms.

STEP 2: Fill in the application forms in all respects duly affixing your photographs in the relevant space provided.


STEP 3: Get the following documents attested with -Original seen & verified- stamp by your nearest CBS enabled Canara Bank branch:
 

  • SB/CA � PIS Account Opening Form for NRIs - (Introduction column)
  • Demat Account opening Form (In-person verification)
  • Trading Account opening Form (Introduction column)
  • Form RPI (for buying/selling of shares under repatriable basis)
  • Form NRI (for buying/selling of shares under non-repatriable basis)
  • PIS - Terms & Conditions / Declaration
  • FEMA declaration
  • Copy of Passport/Visa/work permit
  • Copy of Pancard
  • Proof of Overseas Address
  • Proof of address in India
  • Remittance of Rs.700/- favouring Canara Bank Securities Limited, which includes
    - Rs.200/- towards Trading account opening charges + Out of Pocket expenses

STEP 4: Send the aforesaid application forms & documents to the nearest Canara bank branch designated for opening SB/CA - PIS account. To view the designated Canara bank branches for opening PIS account Click here

STEP 5: You will then receive client ID and password in two separate snail mails to your correspondence address. Once you receive the same, you need to send an e-mail confirmation to us at customercare@canmoney.in  from your e-mail address registered with us and your trading account will be activated for On Line Trading (OLT).

STEP 6: At times, you may not be able to access your system or loose the internet connectivity during the trade hours. To overcome such situation, after the activation process, we shall send to you a unique 4-digit Telephone Personal Identification Number (TPIN) by snail mail with which you can also place your orders through telephone by calling on the Number 1800 22 0369 / 1800 103 1369, while in India or +91 22 2280 2471 - 2473, while abroad.
 
HOW IT WORKS:

Clients to allocate / hold funds in favour of the Company before putting the buy order. In other words, clients need not transfer the funds from their account until the buy order is executed. Clients can place order upto 99% of the funds put on hold / allocated in favour of the Company. By the hold / allocate facility, the funds will remain in the account of the client and will be transferred to company-s account only in case the purchase order is executed. Further the unutilized allocated funds will be under perpetual hold, whereby the client can use such funds till they are fully utilized. Clients can also release the unutilised funds at their wish.

In respect of stocks also, Clients to create hold on stocks in favour of the Company before putting the sale order. In view of the hold facility, the stock will remain in the demat account of the client and will be transferred to companys pool account only in case the sale order is executed. Further the unutilized hold stocks will be under perpetual hold, whereby the client can sell such stocks till the stocks are released. Unsold stocks can be released by the clients at their will.

Debits towards purchase of shares will be recovered on the Transaction day (T day) and sale proceeds of shares will be credited to your account on T + 2 day (Transaction + 2 day). However, you can utilize the sale proceeds of shares on the same day for purchase of shares.

 
PRODUCTS

CASH N CARRY:-
In terms of the RBI guidelines, NRIs are required to take delivery of the stocks purchased and give delivery of the stocks sold through the brokers. Accordingly, only delivery based transactions i.e.Cash N Carry is made available to the NRI clients. NRI clients can place delivery based orders for all stocks listed in NSE/BSE, subject to restricted / banned list published by RBI / Exchanges from time to time.

CBSL permits the clients to trade in both the leading Exchanges i.e. NSE / BSE.

Salient features of the Cash N Carry Product are also furnished in FAQs column in the site.

For any clarification/information please e-mail your queries to nriservice@canmoney.in

 
Important Link: SEBI | BSE | NSE | RBI | CDSL | NSDL | MCX | NCXDEX | IRDA | AMFI | CANARA BANK
BSE: INB 011280238, BSE F&O: INF 011280238, NSE :INB231280232, F&O: INF 231280232, CDS: INE 231280232
MCX-SX-cash: INB261280235 ,MCX-SX-F&O:INF261280235, MCX-SX-CDS: INE261280235
Regd. & Correspondence Office Address :- VII Floor, Maker Chambers III, Nariman Point, Mumbai 400 021.
Compliance Officer: Shri K.V Kamath Phone: 022 22802422 Email : compliance@canmoney.in
For any grievance / dispute please contact stock broker Canara Bank Securities Ltd at the above address or email id : cbslserve@canmoney.in and phone No. 022-22802400.
In case not satisfied with the response, please contact the concerned exchange(s)/SEBI
(BSE) Email: is@bseindia.com Phone No. 022-22728097 or (NSE) Email: ignse@nse.co.in Phone No. 022-26598190 or (SEBI) Website : http://www.scores.gov.in

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