An NRI should open a new NRE /NRO savings bank account with designated bank (Authorized Dealers) branch which is approved by RBI (Reserve Bank of India) for this purpose.

He / She should apply for a general approval for investment in Indian Stock Market through his designated bank branch (PIS approval).

He / She should open a Demat Account with a Depository Participant to hold his shares.

He / She needs to register with a broker to execute his buy/sell orders on the stock exchange(s).

At AxisDirect, you get the privilege of opening all the above accounts through a single AxisDirect NRI 4-in-1 form.