Information for Indian Individuals

NRIs (Trading NSE)

Interactive Brokers offers account structures for individual that wants to trade products on the National Stock Exchange of India and/or International Products. Click on a button to start an application, a tab for more information on Individual account structure, or a link below for general account information.

BEFORE you proceed with the Online application please keep the following documents handy for reference:

  • PAN Card to ensure that the PAN Number is entered in correctly.
  • Address Proof to ensure that the address and Pin Code mentioned matches the document.
  • Cheque to ensure that the Bank Account Number, MICR Code, Branch address and Pin Code are entered as per the details on the cheque. (Note that MICR code starting with ‘000’ i.e. universal MICR is not valid for ECS. Contact your branch for the branch specific MICR code)
  • Your financial documents to ensure that you enter the correct amount for Net Income / Liquid Net-worth.

Please Note:

  • The Funding Notification step in the online application does not constitute an actual fund transfer, but simply a notification of an intent to fund the account.
  • You can hold only one margin trading account at a time. Hence if you hold an existing margin trading account with another broker, you need to obtain an NOC from that broker for opening a margin trading account with us.
  • In-person Verification - In case you cannot come to our office in Mumbai with the originals of your documents, please let us know a convenient time when you can be available on web-cam for In-person Verification via Skype. The verification will be conducted after your documents are received by us. To book an appointment for Skype verification, please contact us at +91-22-61289888..

NRIs (Trading NSE)

  • You must qualify as an NRI.
  • Trade in over 90 worldwide markets (inclusive of the NSE).
  • Qualifying NRI's can trade NSE derivatives only.
  • Must be 21 or older to open a margin account to trade. Must be 18 or older to open a cash account.
  • A minimum equity deposit in cash of INR 500,000 in order to trade NSE products and/or separately another $10,000 minimum equity deposit to trade overseas markets.
  • Minimum brokerage fees INR 600 per month, for NSE trading accounts. Minimum brokerage fees per month, $10 for overseas trading accounts.
  • As an NRI, you must have a PAN card. Refer to the following link for more details.
  • Brokers/advisors can only open an account through IB via an offshore entity. Institutional/proprietary trading groups can open an account with IB (India) Pvt. Ltd. Contact an IB India sales representative for more details.

Additional Account Information

Individual Account Structure Chart