With USA economy recovering many people from outside USA like Asia( specially India) wants to invest in USA Company Deposits which offer ROI same as compared to Govt securities in India around 8%.... I want to know if I can start a Investment account within USA online and invest in CD's without being physically present in USA? Also if people from outside USA can open Bank Account there and operate it from outside, not talking about third-party services offered online but talking about Real Banks..
Easiest way of investing in foreign markets such as US is by equity mutual funds There are few US based equity funds, in which Indians can invest. Some of them are Motilal Oswal NASDAQ - 100 ETF Fund Franklin US Opportunities Fund ICICI Prudential US Bluechip Equity Fund For example, NASDAQ - 100 ETF fund invests your money into biggest American tech titans such as Google, Microsoft, Amazon.com, Intel, Facebook, Apple, QUALCOMM & Cisco You just need to complete KYC process (by giving PAN details and address proof) and then fill up "Common Application Form" to invest in US mutual fund(s) via monthly SIP's direct from your bank account Your money in INR will be converted to USD as per prevailing exchange rate and then get invested into American economy
I am aware of Indian Fund investing in US market but I am looking for direct investment which will yield ROI overtime in USD as there are people willing to pay with USA CD's and I require to invest into CD's (USA) just like we do in India through Demat...
I cannot imagine a US bank not accepting a new depositor, unless they are on the list of prohibited countries. It sounds like you want to invest in the stocks of companies and those are mostly sold through the stock exchanges. You can get a US broker to buy stocks for you (you have to be licensed to buy stocks) and it does not matter where you live.
What banks will accept People from India to open Bank Account with them, will Bank of America or JP Morgan gonna open Bank account for me online or I need to visit the bank branch to open account? And do they charge Fee for Savings account? And I want to invest in Company Deposits CD's or Company Bonds and maybe Stocks later hence will want to hold Demat in USA also or some other term used for it in USA?
I found this explanation about non-US citizens getting bank accounts in US Banks: http://www.keytlaw.com/usrealestatelaw/open-us-bank-account/ They say that some banks may require you to open the account in person. That seems to imply that some may not. It might be easier for you to pursue just buying US company bonds by wire bank transfer or letter of credit, both typically accepted by US companies from any international source. Note, however, that stocks and bonds are sold by bankers/agents that are representing the company, so you would need to find those folks and see what type of payments they take from international investors.
I don't want to deal with Agents, and want to directly go with the AMC, which USA banks allows opening Account online?
I have never invested in bonds, but I know that an individual, including US citizens, cannot buy company stocks directly from the company. Only a registered stock broker can arrange the buying and selling of stocks in the U.S. and that is via one of the licensed exchanges and I expect that it will be the same for bonds. Regarding banks, if you still want to go this route, I would suggest doing what the legal professional suggested in the link I provided above and stick to the large national banks like Bank of American, US Bank, Wells Fargo, PNC, JP Morgan, Citibank, etc. You will have to contact each one to see which allows online account opening.