Comment on NRI trading on Indian Stock Exchanges

Anil commented on 05 Oct 2016, 03:25 AM

Hello,

Can you please elaborate this note in the Important update:

“There is good news for all NRI’s wanting to invest in the Indian stock markets. RBI has now amended FEMA regulations which now allow NRI’s to invest in Equity markets on non-repatriation basis just like resident individuals. Here’s the link to the RBI circular.

During account opening send a normal resident trading and demat account form along with your NRO savings account cancelled cheque leaf as a proof. All brokerage charges would be as applicable to resident individuals (Zero brokerage for investing vs Rs 200 per executed order charged for NRI clients coming through the PIS route). Equity – delivery and intraday trades will be allowed. ”

Does this mean that NRI’s can also trade without PIS route and with Zero brokerage just like resident traders and NRI can also do intraday trading,
Please clarify and confirm.

Thank you

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