Customer Onboarding- NRO 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 NRO savings/current bank account that is to be linked to your new DEMAT account.

2. A NRO account is a rupee denomination account.

3. As per latest RBI circular, you do not need a PIS account if you have a NRO account.

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. 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: Verification

1. Phillips will do an email verification of the records submitted by you.

Step 6: Wiring

You can wire a token amount to add Phillips as a payee. Please find “Attached” the details of Phillip Capital’s bank A/cs to which you will have to transfer your investment corpus. Please follow the steps below:

1. There is an ICICI and an HDFC bank A/c. You can transfer money to whichever one is convenient for you. 

2. Please do the fund transfer from the same bank A/c whose cancelled cheque you would have shared.

3. Initially please NEFT a token amount of INR 1,000 to the broker bank A/c and share a screenshot once the NEFT is done.

4. We will check with the broker and then confirm with you that the amount has been successfully credited.

5. Then transfer the balance investment corpus and again share a screenshot of the successful NEFT. We will again confirm with you once it is credited.

6. This 2 step process is just a safety check to ensure there are no issues with the transfer process.