Special Conditions for NRIs

IDBI Bank Demat Account Special Conditions for NRIs

Type of shares and RBI approval requirement

Additional documents for NRIs

  • A copy of RBI approval
  • A duly attested copy of POA (Power of Attorney), if any
  • If account is opened by a POA holder, the signature verification of POA holder and a covering letter from the NRI for assigning POA to done along with signature attestation and an undertaking that as and when POA is revoked, it will be informed to the Bank in advance
  • A duly attested copy of POA or POA registration number given by the company must be given along with each DRF submitted by such NRI
  • Overseas address is mandatory in the account opening form
  • NRO Account can be opened simultaneously for the purpose of debiting the charges. A debit authorization should be submitted