Toll Free: 1800 22 0369 / 1800 103 1369

Home»NRI/Non-Individuals

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 Overseas 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.1100/- 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 / 2446 / 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 / 2446 / 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.1100/- 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

Under non individual category, clients other than individuals, but not institutions are included. Presently, the Company permits HUF, Proprietary concern, Partnership firm, Trust and Corporate bodies under the category to avail the online trading facility.

Download and Print Non Individual Client Registration Form

Non individual can trade in BSE (Cash) and NSE (Cash, F & O and Currency Derivatives) segments. The products, brokerage structure and charges applicable to individuals are equally applicable to non individuals

Documentary Requirements For Non-Individual

3-IN-1 application with the separate KYC forms has been devised by the Company for opening trading account of Non-Individuals. With the application the following documents are to be submitted as applicable for the constituents.

1. Hindu Undivided Family

  • Bank account in the name of HUF
  • Photograph of Karta
  • Proof of address of the Karta
  • Pan number in HUF’s name
  • Proof of Bank Account like pass book, pass sheet etc.,
  • Cancelled Cheque leaf
  • List of coparceners’ in the HUF, along with an authorization given to the Karta by the said coparceners’ to open and operate the Trading accounts
  • DP in the name of Karta
  • Signature to be obtained in the agreements by affixing the HUF stamp
  • Declaration from HUF (on letterhead of HUF)
  • Trading account in the name of HUF

2. Proprietary concerns

  • Bank account in the name of proprietary firm
  • Photograph of the proprietor
  • Proof of address of the proprietor
  • Photocopy of the Pan card
  • Proof of Bank account like Pass book, Pass sheet etc.
  • Cancelled cheque leaf
  • DP in the proprietor name
  • Declaration by the proprietor ( on letterhead)
  • Trading account in the name of proprietary Concerns

3. Partnership Firms

  • A certified true copy of the partnership deed
  • Registration Certificate
  • Copy of last Income Tax Returns filed
  • Proof of Bank Account ( should be in the name of firm) like pass book, pass sheet
  • Cancelled cheque leaf
  • Photocopy of the firm's Pan card
  • Authorization from all the partners to open a trading account, execute the document thereof and to operate the account
  • Proof of identity of all partners and photograph
  • DP in the name of the partner/s (either single or joint)
  • Declaration to be given by Partnership firm signed by all partners
  • Trading account in the name of Partnership firm

4. Corporates

  • Copy of Memorandum and Articles of Association
  • Certificate of Incorporation and commencement of Business
  • Copies of balance sheet for the last 2 financial years ( copies of annual balance sheet to be submitted every year)
  • Copy of the Resolution of Board of Director’s approving participation in equity/ derivatives segment and naming authorized person for dealing in securities, executing the documents and operate the trading account
  • Copy of latest holding pattern including list of all those holding more than 5% in the share capital of the company duly certified by the Company Secretary/Whole Time Director/Managing Director
  • Photocopy of the company's pan card
  • Cancelled cheque leaf
  • Proof of Bank account like pass sheet, pass book etc.,
  • DP in the name of the partner/s (either single or joint)
  • List of existing directors
  • Proof of identity, pan card, photograph of the directors (annexure enclosed)
  • Trading account in the name of the company

5. Trusts

  • Copy of Registered Principal Trust Deed
  • Copy of 2 years IT returns
  • Copy of Resolution to open trading account and participation in equity and derivatives segment and authorization to execute the documents
  • Copy of Resolution authorizing any one of the trustee to operate the trading account
  • Photocopy of trust's pan card
  • Proof of Bank account like pass sheet, pass book etc.,
  • Cancelled cheque leaf
  • DP in the name of the trust
  • List of Trustees
  • Proof of identity, pan card and photograph of the trustees ( annexure enclosed)
  • Trading account in trust name
NSE Prices delayed by 15 minutes... << Prices as on Aug 17, 2017 - 4:14PM >>      ABB India 1365.6 [ 0.59% ]    ACC 1780.1 [ -1.72% ]    Ambuja Cements Ltd. 270.9 [ 0.31% ]    Asian Paints Ltd. 1134.95 [ -0.56% ]    Axis Bank Ltd. 497.15 [ -0.47% ]    Bajaj Auto Ltd. 2825.85 [ -0.82% ]    Bank of Baroda 148.25 [ 0.75% ]    Bharti Airtel 416.35 [ 2.11% ]    Bharat Heavy Ele 129.25 [ -0.54% ]    Bharat Petroleum 493.7 [ 2.01% ]    Britannia Ind. 4250.5 [ -1.15% ]    Cairn India Ltd. 285.35 [ 0.81% ]    Cipla 573.2 [ -2.92% ]    Coal India Ltd. 246.95 [ 3.78% ]    Colgate Palm. 1059.65 [ -0.67% ]    Dabur India 307.95 [ -0.36% ]    DLF Ltd. 185.2 [ 2.43% ]    Dr. Reddy's Labs 2011.25 [ 0.30% ]    GAIL (India) Ltd. 376.2 [ 1.35% ]    Grasim Inds. 1100.7 [ -0.52% ]    HCL Technologies 871.4 [ 0.80% ]    HDFC 1759.25 [ 1.00% ]    HDFC Bank 1765.4 [ -0.89% ]    Hero MotoCorp 3997.85 [ -0.60% ]    Hindustan Unilever L 1177.3 [ -0.76% ]    Hindalco Indus. 230.3 [ -1.41% ]    ICICI Bank 293.15 [ -0.61% ]    IDFC L 56.45 [ -0.53% ]    Indian Hotels Co 126.5 [ 0.44% ]    IndusInd Bank 1628.5 [ -1.14% ]    Infosys 1020.85 [ 4.68% ]    ITC Ltd. 280 [ 0.29% ]    Jindal St & Pwr 139.85 [ 1.05% ]    Kotak Mahindra Bank 989 [ -1.15% ]    L&T 1134 [ -0.72% ]    Lupin Ltd. 953.95 [ -0.73% ]    Mahi. & Mahi 1367 [ -0.31% ]    Maruti Suzuki India 7582.45 [ -1.54% ]    MTNL 18.4 [ -1.08% ]    Nestle India 6652.8 [ -0.41% ]    NIIT Ltd. 92.4 [ 1.15% ]    NMDC Ltd. 122.9 [ 1.44% ]    NTPC 176.8 [ 3.94% ]    ONGC 160.6 [ -0.22% ]    Punj. NationlBak 146.3 [ -0.85% ]    Power Grid Corpo 219.45 [ -0.57% ]    Reliance Inds. 1567.1 [ 0.06% ]    SBI 280.85 [ -0.79% ]    Vedanta 304.8 [ 2.56% ]    Shipping Corpn. 87.6 [ 3.79% ]    Sun Pharma. 488.25 [ 0.53% ]    Tata Chemicals 591.35 [ -1.62% ]    Tata Global Beverage 190.6 [ -1.68% ]    Tata Motors Ltd. 385.3 [ -1.01% ]    Tata Steel 625.4 [ -0.92% ]    Tata Power Co. 81.65 [ -0.49% ]    Tata Consultancy 2485.65 [ -0.27% ]    Tech Mahindra Ltd. 424.4 [ 1.06% ]    UltraTech Cement 3932.9 [ -0.21% ]    United Spirits 2601.4 [ 2.08% ]    Wipro Ltd 288.35 [ -0.55% ]    Zee Entertainment En 526.75 [ 1.55% ]