Comment on NRI trading on Indian Stock Exchanges

Nithin Kamath commented on 18 Dec 2016, 02:09 PM

Venkat,

We just hit on a roadblock on this, we have stopped opening the non-PIS route for NRI as of yesterday. We have been told that all tax deductions and payment has to be done by us for NRO (non repatriable) accounts (like the way banks do it for PIS). We currently don’t have the bandwidth to support this. It will be best to come through the PIS route itself.

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