StanChart offers multi-use account for NRIs
Dubai, April 3, 2012
Standard Chartered recently launched the NRI 3-in-1 Account, a complete investment solution for non-resident Indians (NRIs) to access Indian investment markets.
The account is a combination of non-resident bank accounts, including Portfolio Investment Services (PIS), with respective Demat and Brokerage Accounts.
The new service creates a single login facility for bank, trading and depository account, and also provides unified online access to cash equities, IPOs, bonds, debentures, mutual funds and derivatives (Futures & Options).
Sumeet Bhambri, regional head - Wealth Management (Middle East) said: “There is tremendous potential for NRIs to enhance their participation in the Indian markets and we are providing the right platform to bridge the gap between NRIs and various investment products in India.”
“The NRI 3-in-1 Account allows NRIs to access multiple products with transactional ease and convenience, while complying with complex NRI regulations. The new investment solution is in line with our continuing thrust to provide personalized services that cater to the changing needs of our customers wherever they are.”
The NRI 3-in-1 Account also provides online portfolio monitoring, online access to Consumer Equity Strategy Reports, online details on holdings and transactions, and multiple channels for execution of trades, including dedicated RM, online trading portal and the customer care unit.
Customers can also choose from two online trading platforms: Easy Trade, which is the user-friendly browser version, and Advance Trade, which is the applet-based version.
Indian investors collectively account for the third highest investor base in the world with over 20 million investors, a statement said. – TradeArabia News Service