So far, brokerages were offering trading and demat account opening facilities to NRI account holders only as a single category. An NRE account is a bank account opened in India for an NRI to park his foreign earnings while an NRO account is to manage the income earned by him in India. NRE and NRO account holders can now open trading and demat accounts in five minutes through the platform hello.geojit.com, enhancing wider participation by the Indian diaspora in the country’s stock market. Through CDSL“For the first time in India, Geojit has enabled the online opening of trading and demat account for NRE and NRO categories of Indians, entirely through CDSL. Opening a trading and demat account offline takes several days whereas, if all documents are in place, an online account can be opened in five minutes.

Source: The Hindu November 11, 2021 03:17 UTC