Comment on NRI trading on Indian Stock Exchanges

Venu commented on 01 Dec 2016, 05:28 PM

There aren’t any restriction in opening a Trading & Demat account for Canadian residents.

Case 1: Linking NRO account of IDBI can be done to the trading account. PIS isn’t required for this account.
Case 2: NRE account with IDBI cannot be linked since it requires a PIS account & Permission letter from RBI.

Currently we are servicing only such clients who have their PIS account with Axis, HDFC or Yes bank.

You wouldn’t be allowed to purchase Mutual Funds through Zerodha due to restrictions by SEC for USA & Canadian residents investing on Indian exchanges

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