Comment on NRI trading on Indian Stock Exchanges

Ravi commented on 15 Sep 2016, 02:40 AM

Am already holding Demat / NRE pins/no pins account with icicidirect. I wish to switch over to zerodha for NRO type account so that can trade in both equity/F&O. My question,s
1.should I need to close the existing icicidirect Demat/NRE pins/no pins ?
2.can I move existing holdings from icicidirect Demat to zerodha
3.which bank do I need to open NRO account or can I use my existing NRO account with SBI
4.what are formalities for the account opening. Will it be simpler this can be done when am in India (Bangalore) sometime in Oct/Nov
5.same way what is the procedure for a resident (my wife) whose Demat/trading accounts are with HDFCSEC. What’s the procedure for switching over trading to zerodha? We need to close the Demat account first fromHDFCSEC ?

Appreciate your detailed call artificiality to my email id.
Thanks
Ravi

View the full comment thread »