Over the years, SHCIL has grown to become a major player in the capital market. With a network of offices operating across the country and franchisees operating abroad, SHCIL provides Depository Participant and related services to close to 0.7 million satisfied investors out of which over 6000 are NRI Clientele.
SHCIL has a full fledged NRI cell operating specifically to cater needs pertaining to Depository account opening and maintenance. The NRI cell co-ordinates with prospective NRI customers, collects and assists in obtaining the relevant documents and ensures the Depository Account is opened hassle free.
The NRI cell collects physical certificates to be sent for demat and ensures that the certificates are in order and can be sent for dematerialisations under the existing guidelines issued by the Depositories. Instructions for trade are accepted by fax on request by the NRI Cell to ensure timely settlement of trades. In such cases later on the client needs to regularize by sending the original trade delivery instruction. Any tariff and billing related query are addressed by NRI Cell.
In short the NRI cell is a single point contact for any matter related to NRI Depository operations.