111. Nri Banking - Demat

Account

Q: Dear Sir, Thank you for a wonderful web site with so much information. I like to open a Demat account in India. What is a requirements for a NRI. I have applied for a PAN card. Any recommendation as to place / bank / broker I should consider. Thanks again. Shah A. To open a 'Demat Account' the requirement is a 'Pan Number' and you state you have already applied for one. As far as recommendations are concerned, as an OCI holder myself and a NRI since 1970 I have dealt with a few banks in India and switched banks due to poor customer service. Update November 2012: For the last seven years or so, I have done my banking with Axis bank in Pune and while their service was superb at one point of time, their customer service has in my opinion gone down. Recently I have opened an account with Kotak Bank, they seem to have a very online banking setup.