How to Buy Stocks Online in India
India has become "the new China," a country with marvelous growth potential and a huge domestic market, yet it still offers investment opportunities to get in on the ground floor. These factors create a lot of interest in opening an online account to trade in the Indian stock market. These accounts are available, but a foreign national seeking to qualify for one must already have a business or residency visa for India.
Other People Are Reading
Things You'll Need
- Certified photocopy of your passport identification page
- Certified copy of a business or residency visa for India
- Proof of address in India
Instructions
-
-
1
Find a brokerage that suits your needs. There are several stock markets operating in India. The two major ones are the Bombay Stock Exchange and the National Stock Exchange of India. While the major two exchanges cover all the biggest companies in India, you are more likely to find a new, small company on the lesser exchanges, such as Bangalore or Hyderabad. So, you might wish to trade on one or both of the big ones, plus any number of the lesser exchanges, opening myriad possibilities.
-
2
Open a Demat Account. Once you have selected your broker, fill out and submit a form to open a dematerialized or "demat" account. This must be accompanied by a certified photocopy of your passport, residency visa and proof of address.
-
-
3
Sign the investor agreement once your application has been approved.
-
4
Deposit money in your Demat Account. Opening the account does not require a deposit, but making trades with it will.
-
1
