Comment on NRI trading on Indian Stock Exchanges

Brenden commented on 01 Dec 2016, 09:37 AM

Thank you for your reply.

So to continue trading in F&O. I will need the PIS account?Recently I received an email from Axis Bank stating that in regards to the updated FEMA guidelines issued by RBI, the PIS acccount is convented to NRO Investment account. I am not sure if what you are refering to as a PIS account is the same as this.

Also, they have mentioned their Secondary Market Transaction Charges as Rs 150 per trade per leg.

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