How to Open a Vested Finance Account: Step-by-Step Guide

 

How to Open a Vested Finance Account: Step-by-Step Guide

Overview of Vested Finance

Vested Finance is a platform that enables Indian residents and Non-Resident Indians (NRIs) to invest in U.S. stocks and Exchange-Traded Funds (ETFs).

By providing access to over 5,000 U.S. stocks and ETFs, Vested allows investors to diversify their portfolios globally.

The platform offers a seamless, fully digital experience, making international investing accessible and straightforward.

Eligibility Criteria

To open a Vested Finance account, you must meet the following criteria:

  • Be at least 18 years old.
  • Possess a valid Permanent Account Number (PAN) card.
  • Have a valid proof of address, such as an Aadhaar card or passport.
  • For NRIs, provide a tax identification number from your country of residence.

Required Documents

Gather the following documents before initiating the account opening process:

  • PAN Card: Used for tax identification and financial transactions.
  • Address Proof: Acceptable documents include:
    • Aadhaar card
    • Passport
    • Utility bills (electricity, water, gas)
    • Bank statements
  • Tax Identification Number (for NRIs): The tax ID from your country of tax residence.

Step-by-Step Account Opening Process

Follow these steps to open your Vested Finance account:

  1. Create an Account: Visit the Vested Finance website and click on the "Sign Up" button. Provide your basic information, including your name, email address, and password.
  2. Select Asset Class: After signing up, choose the asset class you're interested in, such as U.S. stocks and ETFs.
  3. Complete KYC Process: Upload the required documents for the Know Your Customer (KYC) verification. This includes your PAN card, address proof, and tax ID (for NRIs). The verification process typically takes 1-2 business days.
  4. Fund Your Account: Once your account is verified, you can add funds. Transfer funds from your Indian bank account or through a wire transfer from a non-Indian bank account.
  5. Start Investing: With funds in your account, you're ready to explore and invest in U.S. stocks and ETFs available on the platform.

Funding Your Vested Account

To fund your Vested account, consider the following options:

  • Transfer from Indian Bank Account: Use the Liberalized Remittance Scheme (LRS) to remit up to $250,000 per financial year. Fill out the A2 form and submit it to your bank. Processing times and fees vary by bank.
  • Wire Transfer from Non-Indian Bank Account: NRIs can wire funds directly from their foreign bank accounts. Ensure you have the correct beneficiary details provided in the "Fund Transfer" section on the Vested platform.

Understanding Fees and Charges

Vested offers two main plans with different fee structures:

  • Basic Plan:
    • Account Opening: Free with no setup charges.
    • Brokerage Fees: 0.25% per transaction, capped at $35.
  • Premium Plan:
    • Account Opening: ₹375/month subscription fee.
    • Brokerage Fees: 0.15% per transaction, capped at $35.

Additional charges may include foreign exchange (FX) fees applied by your bank during fund transfers. It's advisable to consult your bank for specific details.

Safety and Security Measures

Investing with Vested is secure. The platform is registered with the U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). Each brokerage account opened with Vested is insured by the Securities Investor Protection Corporation (SIPC) up to $500,000, including $250,000 in cash. Additionally, Vested employs 256-bit encryption and Secure Sockets Layer (SSL) protocols to protect your personal and financial information.

For more detailed information on Vested Finance's account opening process, you can visit their official page:

Vested Finance Official Website

To understand the documents required and the KYC process, refer to this resource:

Vested Finance KYC Documentation

For details on investment options available through Vested Finance, check out their investment section:

Vested Finance U.S. Stocks

If you're an NRI and want to understand how to invest using Vested Finance, visit this page:

Vested Finance for NRIs

Keywords: Vested Finance, international investing, U.S. stocks, invest in ETFs, open an account