NRI offerings: E-broking Offline Demat Advisory Services Equity and Fundamental Research MF/IPO

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Rodger Palmer
6 years ago
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1 Presentation on SSL NRI Demat & Trading Product (NRI e-z Trade) * in association with SBI

Our Products and Offerings 3 in 1 Account e-broking Seamless Online trading experience to invest in the Indian

conventional way of investment through a dedicated Relationship Manager 3 in 1 (Trading + Demat + Bank)

in permitted Indian securities including stocks on NSE& BSE Demat Account Address your Securities Management needs

rematerialization and pledging of shares etc Equity Research Regular reports and updates that help you pick the

2 Our Products and Offerings 3 in 1 Account e-broking Seamless Online trading experience to invest in the Indian equity market through the leading stock exchanges (NSE / BSE) Retail broking Enjoy personalized service with conventional way of investment through a dedicated Relationship Manager 3 in 1 (Trading + Demat + Bank) Comprehensive investment solution in association with SBI - The premier bank of India through which you can invest in permitted Indian securities including stocks on NSE& BSE Demat Account Address your Securities Management needs like dematerialization of securities, holding and transfer of securities such as shares in Demat form, rematerialization and pledging of shares etc Equity Research Regular reports and updates that help you pick the right company/stock to invest in, from amongst a wide universe of listed companies Advisory Investment assistance and advices through our qualified dealers

Our Products and Offerings (contd ) Fixed Income Invest in a variety of

wide range of schemes and issues through a physical form with / without a

account opening charges and brokerage rates.

through the NRI option available on the Interactive Voice Response System

account for transaction reporting to RBI, compliance of statutory

TDS certificate done on customer s behalf based on the information

advanced trading software exclusively for HNI clients and Active Traders

3 Our Products and Offerings (contd ) Fixed Income Invest in a variety of bonds to avail long term benefits Distribution of MF & IPO Invest in a wide range of schemes and issues through a physical form with / without a trading account with us Affordable Rates Benefit from our value for money account opening charges and brokerage rates. Customer Care Direct contact to our dedicated NRI customer service desk through the NRI option available on the Interactive Voice Response System PIS Account (Portfolio Investment Scheme) Opening and maintenance of PIS account for transaction reporting to RBI, compliance of statutory regulations, calculation of capital gains tax liability and issuance of TDS certificate done on customer s behalf based on the information furnished, undertaken by the SBI NRI branch, Mumbai SBISmart All new advanced trading software exclusively for HNI clients and Active Traders 24x7 Back office Access reports, client ledgers and account information anytime anywhere throughout with low band width option

4 Process Flow Chart

5 NRI Account opening kit Bank account opening form (if applicable) Trading and Demat account opening form (Y series) Portfolio Investment Services application form Request Letters: Opening of NRE/NRO PIS account along with enablement of transaction rights Online SBI registration form Mapping Financial, Demat And Trading accounts - SBI.

6 NRI Check List PAN Card for all Holders Passport VISA / Residence Permit / OCI / PIO Card, as applicable Proof of Foreign Address Proof of Indian Address Latest Bank Account Statement Cancelled cheque leaf / Bank letter (for MICR proof) Photographs (3 each) RBI permission (will be issued by SBI NRI Mumbai) General POA (will be issued by SBI NRI Mumbai)

7 List of Documentation (please note) All documents are to be self-attested by the respective holders in original. Signature should be consistent across Documents should be latest and within the time-frame mentioned below. PAN Card: The Demat and NRE/NRO savings account can be opened in joint names but Trading and PIS bank account can only be in single name Passport &VISA / Residence Permit /OCI /PIO Card: Please ensure that the documents are latest and renewed copies. In case the passport is of nationality other than Indian, then the respective copy along with the OCI/PIO card as applicable needs to be provided Foreign Address & Indian Address: Any utility bill for address proof should not be more than 2months old. Utility bills such as any other latest bank a/c statement with stamp and seal of the bank, Driving License etc can be provided. The same can also suffice in case is available in point 2as mentioned above. Bank Account Statement: t t Should be latest t and not more than 3 months old. It should also contain the stamp and seal of the concerned bank branch and official. KRA of the bank account should be updated in and latest 3 months transactions are needed. Cancelled cheque leaf: Should be authenticated by all holders of the bank account / Bank letter can be issued by the bank branch in case the customer does not have a cheque book. The letter should mention the bank account number, IFSC and MICR code and should be provided in the bank letter head. RBI permission: Will be issued by SBI NRI Mumbai else by the authorized and designated PIS bank branch General POA: Will be issued by SBI NRI Mumbai. In exceptional cases, the customer can also issue the POA to his relative/ family member Photographs: Passport size and all should be same

8 Attestation of Documents Please note that all documents (other than RBI permission and General power) are to be : Self-attested (to be done on all copies) In person and verified with original to be done by the SBI officials or as mentioned in the point below (to be done on all copies) In person and verified with original i to be done by the SSL officials i in case of SSL branch visit (to be done on all copies) Documents (ID Proof) duly attested by any one of the following entities : State Bank of India officials (with their SS number) Notary Public High Commissioner Indian Embassy / Consulate General in the country of your residence.

9 How to obtain NRI AOFs? 1. The soft copy of the entire set of forms can be downloaded from SSL s website with a pre-printed printed application number Website Route: SSL Home page >> NRI Zone >> 2. The hard copies of the forms are available at our nearest SSL Branch. The list of branches are available on our website. Please Click here to view our branch list.

10 Tariff Card: Account Opening Charges CHARGES REVISED STRUCTURE SSL SBI Total Demat Account opening Trading Account opening TOTAL Demat AMC PIS charges RBI permission / Franking and Notary Charges on POA (Taxes as applicable will be levied extra)

11 Brokerage Rates Particulars Online segment Offline segment SSL Brokerage 0.50% 0.50% Bank Commission 0.50% 0.50% Total Chargeable 1.00% 1.00% Revised rates wef 1 st June 2012

12 Scope of Work: SBI SSL NRI ez Trade Prior to A/c Opening Issue RBI permission and General Power Open the PIS account Advise Home Branch to Map the PIS account to INB of client Ensure that INB and transaction rights are activated to the PIS bank account (as applicable) On execution of Trades Report the transactions to RBI on daily basis Credit the funds to Clients PIS accounts Recover the commission and TDS, if applicable

13 Key Disclaimers on Compliance E-broking facility is available only for NRE accounts (NRO accounts are currently not permitted). However the NRO accounts can be opened and operated under the Offline mode. E-broking facility is not available for NRI s resident In USA, UK, Canada and Japan due to respective regulatory regulations. SEBI Settlement Calendar followed. Only delivery based trading allowed. F & O and derivatives segment not yet provided. No Intra Day Trading or Short Selling. Aggregate Ceiling as prescribed by RBI to be followed (banned list / caution list)

14 Trading through the e-broking channel NRI client can transfer funds from his parent NRE A/C to NRE PIS A/C through INB Lien is marked on PIS account NRI clients can utilize on 99% of funds lien marked for secondary market transactions NRI clients can execute only Delivery based transactions ti Banned List

15 Contact us SBI NRI branch Mumbai (Nodal Service Branch) Address : Ground Floor, Maker Chambers 3, Nariman Point, Mumbai Contact numbers : (022) / id : invest.nrimumbai@sbi.co.in SSL Desk at SBI NRI branch Mumbai Contact numbers : (022) / id : ayeeda.sayeed@sbicapsec.coma.sayeed@sbicapsec.com Jignesh.Patel@sbicapsec.com SSL Corporate Office Contact numbers : , , (022) (exclusively for NRI s) id : nri@sbicapsec.com helpdesk@sbicapsec.com

16 Thank You DISCLAIMER- SBICAP Securities Ltd does not solicit investment from NRI s resident in US, UK, Canada and Japan due to regulatory restrictions. Notice is hereby given that Non Resident Indians (NRI's) and Foreign Nationals availing any facility / service offered by SBICAP Securities Ltd and opting to transact thereon shall do so after due verification at their end of their eligibility to do so. SBICAP Securities Ltd undertakes no responsibility for such pre-eligibilityeligibility or qualification on part of Non-Resident Indians (NRI's) or Foreign Nationals to transact through this facility.

NRI Trading Accounts in BSE and NSE Capital Market Segment

NRI Trading Accounts in BSE and NSE Capital Market Segment NRI & PIO can invest in the Stock Markets in India MSPL offers Online and Offline Trading facility in NSE Equities for Non-Resident Indians (NRIs)