Procedure for an NRI to trade in the Secondary Market through UTI BANK
 Portfolio Investment Scheme (PIS):
This is similar to the NRE/NRO savings a/c. The NRI can trade in the
secondary stock market with Repatriation (from NRE PIS a/c) and on
non-repatriation basis. Demat a/c's can be opened with signatures of
Power of Attorney(POA). So you can get a POA in your favour and open
the Demat a/c.
Portfolio Investment Scheme(PDF) - HTML
Terms And Condition for PIS
NRI Account Opening Form
RPI
Letter Of Authority
The initial deposit amount should be equal to or more than the above-mentioned minimum deposit amount for respective deposits.
Competitive Interest Rates: Rate Chart PDF File
Download
Account Opening Form (AOF), iConnect application form (for Internet
banking facility) and International Debit Card application form from
our website www.utibank.com and forward these to us duly filled in.
 NRI Account Opening Form
ICONNECT
DEBITCARD
LETTER OF AUTHORITY
All duly attested by a notary public/the embassy or your banker.
Please
be advised that a labour permit/employment permit/social security
card/work permit containing your photograph can also be attested by
your employer, in lieu of attestation as aforesaid and enclose the same
with the AOF. The application form and other documents can be sent
to our branch, at the below mentioned address:
UTI Bank Ltd
AHMEDABAD MAIN BRANCH
"Trishul", Opposite Samartheshwar Temple,
Law Garden, Ellis Bridge,
Ahmedabad 380 006
Gujarat.
The
account would be opened as per your instructions, upon receipt of funds
in our Nostro account / receipt of demand draft at the Banks end and
the relevant account opening documents. It takes around four days for
opening of account and dispatch of deliverables by post and another
fortnights' time for the pouch to reach you.
Ease of Remittance :
The funds will have to be transferred, by wire, into UTI Banks account
bearing number:xxxxxxxxxx Chips UID No. xxxxxx with JP Morgan Chase
Bank, New Jerses es (Swift - xxxxxxxxxx) via CHIPS ABA xxxx or Fedwire
Routing No. xxx-xxxx-xx for further credit to NRE / FCNR account of
XXXXXXX (your name), with UTI Bank, Ahmedabad branch
Swift Details For Sending Remittance
As
regards charges on inward remittances, our correspondent bank viz., JP
Morgan Chase, Nyk normally levies a fee of $12/- per remittance, for
amounts over USD 2,500/-. However, please instruct the remitting bank
(your banker) to prefix the relevant reference number with the word
"NRE", so as to avoid the above charges. So there are no charges will
be taken at our end for Inward Remittance through swift into NRE
Accounts.
But if you
are depositing the Foreign Cheque than there will Fixed Postage charge
of Rs. 100 and Collection charges of Rs. 25 or 0.25% of collected
amount whichever is higher.
Dedicated one-stop NRI help desk to clarify your queries:shark.tech@yahoo.com
|
NRE Savings Bank account