r2i forum

Anyone figured this out yet ?

How can a USC/OCI residing in India open a Demat acccount ?

[QUOTE=;][/QUOTE] Regarding [FONT=Times New Roman][SIZE=3]Preferred investment avenues for USC-R2Iers [/SIZE][/FONT][SIZE=3][FONT=Times New Roman][U]"[/U]Consider investing in a portfolio of individual Indian stocks at the same weightage as the mutual fund you are interested in..." I don't think ...

Exactly. In the case of 4-in-1 account application form of HDFC, there is a column "Nationality" and it is PRINTED as "INDIAN". You dont have the option of specifying any other "Nationality" there. Back to the original conversation about this thread, Can USC/OCI living in India (resident of india ...

Well.. we can interpret OCI in whichever way we want.. if you check your OCI "book", it has a "nationality" and would indicate if you are USC or whatever.

So... OCI is OCI and nationality is what you are the citizen of...

Happymister, I did the same thing :) Got my drivers license with the right address and a PAN Card to open my account. You are right. I had a long discussion with the branch manager at HDFC bank he eventually said that I will be treated as an NRI for the trading account purposes since I am a USC/OCI ...