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How can foreign nationals open a Zerodha demat account for unlisted shares?

You can open a Zerodha demat account as a foreign national holding shares in unlisted Indian companies through foreign direct investment (FDI) by submitting the following documents to Zerodha. For any assistance, create a ticket or email [email protected]. Zerodha will respond within 48 hours.

Documents required

You need to submit the following documents:

Forms and declarations:

  • KYC & Demat application form -
  • FEMA declaration (PDF)
  • Client Details Form (PDF)
  • Proof of foreign bank account (bank statement, personalised cancelled cheque leaf, or letter from the bank)

Identity proof:

  • Copy of PAN (apply for a new PAN through NSDL Link ) - must be notarised
  • Foreign passport - must be notarised
  • Other country resident visa (if residing in a country other than the one mentioned in the passport)

Address proof (any one, must be notarised ):

  • Driving licence
  • Foreign passport
  • Resident permit card
  • Bank statement (must be from the last 2 months, counted from the date of receipt of hard copies)
  • Banker letter attested by the bank (on the bank's letterhead)
  • Rental agreement

Zerodha has partnered with Rupeeflo to assist NRIs with attesting or notarising documents.

Submitting documents

Follow these steps to submit your documents:

  1. Email the soft copies to [email protected]. Zerodha will review them and send you a confirmation email once the forms are verified.
  2. After receiving the confirmation email, courier the physical documents to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

Your account will be opened within 4 working days after Zerodha receives your documents.

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