Can USA based NRIs use Coin to invest in mutual funds

nk3 · May 2, 2017, 4:23pm

Can a USA based NRI use Coin to invest in mutual finds? If yes whats the process?

faisr · May 2, 2017, 4:42pm

Currently, the platform is not enabled for NRIs to invest. We are working on it.

kapilsamant · May 16, 2017, 6:32am

Hi Faisr,

I live in Singapore and I am curious if there is a tentative timeframe for enabling Zerodha Coin for NRIs?

Thanks,
Kapil

faisr · May 17, 2017, 5:39am

Hi Kapil, wont be able to commit a timeline as we are trying to sort out the compliances involved for NRIs.

dipen01 · January 10, 2018, 3:31pm

Does it mean that software / app will not work when you are overseas ?

lindo · January 10, 2018, 3:46pm

Hi Dipen,

The app will work overseas if a resident demat and trading account holder takes his phone outside the country or tries to use it, but, we currently do not allow people who open NRI trading and demat accounta with us to invest on mutual funds through our platforms.

Cheers,
Lindo

kapilsamant · February 10, 2018, 7:36am

Any update on when Coin will be available to NRIs?