Customer Onboarding- NRE Customer

We look forward to seeing you as a customer. The next step will be to open a brokerage account and get some papers signed for us become your advisors and help you in execution.

Step 1: Precondition

1. You should have a NRE PIS bank account that is to be linked to your new DEMAT account.

2. For NRIs, investing directly in equity is to be done through a PIS NRE account. This is useful as the compliance with RBI is taken care of by the bank.

3. This PIS account is useful for you investing directly in equity on your own too (if at all).

4. You can read more here.

Step 2: Whatsapp Group for Appointment

1. A Whatsapp group post onboarding email will be created to start the onboarding.

2. The group will have reps from our broker Phillips capital and us.

3. Santosh/Umesh from Phillips Capital (sales/wealth rep at our broker) will ping you to seek an appointment to help you fill the physical onboarding form. Refer Attached

4. They will seek an appointment post office hrs on weekdays and regular hrs on weekends.

5. Don’t fill the form without their help.

Step 3: Fill the physical form

1. The physical form will require signatures on the pages. Please take a one sided print of the form on an A4 paper.

2. Santosh will do a page turn with you on the form.

3. The following docs need to be kept ready self attested, scanned and shared with Santosh:

1. Copy of Pan card of Client

2. Photo identity of Client

3. Indian Address proof

4. Foreign address proof

5. Copy of valid passport

6. Duly signed Cancelled cheque

7. PIS permission from Bank

8. You are required to fill the Attached Bank POA. Sharing POAs of some banks. Let us know if your bank is one amongst the list. If not, let us know your bank name, we will share the POA for your bank. The POA is to be given to Phillips capital to execute buy/sell txns through your account. This is a standard procedure for all digital brokers. Again, pls take back to back prints.

9. You will need to send a scan and also physically courier the filled account opening form to Santosh at this address:

   
   

Santosh
PhillipCapital (India) Private Limited

No. 1, 18th Floor, Urmi Estate,

95 Ganpatrao Kadam Marg,

Lower Parel West, Mumbai 400013

Tel: +9122 6655 1235/1245 (D)

Mob: +91 9930148231

Step 4: Physical Signature of Forms

1. Once you are done with the account opening form send us a signed scan of the forms mentioned below. 

2. Please email these filled docs to: sraval@phillipcapital.in, anubhav@prescientcap.com, standon@phillipcapital.in, ushah@phillipcapital.in, and sonal@prescientcap.com.

3. Once you have sent these docs, Santosh from Phillips will review them and confirm.

4. The forms also need to be couriered to Santosh at the address given below:

   PhillipCapital (India) Private Limited

   No. 1, 18th Floor, Urmi Estate,

   95 Ganpatrao Kadam Marg,

   Lower Parel West, Mumbai 400013

   Tel: +9122 6655 1235/1245 (D)

   Mob: +91 9930148231 

Step 5: Call Verification

1. Phillips will conduct a verification call to check if all details filled/provided by you are in order

2. This call will be during working hours.

3. Someone from Phillips will also call you from a Mumbai landline (022)/Whatsapp/email to verify. You cannot call back on this.

4. In case you miss the call, you or Phillip Capital can communicate on Whatsapp to find a convenient slot.

Step 5: Wiring

1. You need to tell us once funds are ready in your NRE account.

2. Once you have the funds in your NRE account, we will initiate a sample trade and assess if the bank is obliging the settlement of the trade.

3. Once the sample trade is honoured and settled by the bank, the onboarding will be over and we will be ready to build a portfolio.

4. We request you to not use/spend the money en-marked for advise by us for any other use. This may cause trade settlement issues.