Comment on NRI trading on Indian Stock Exchanges

Amit Nanda commented on 04 Jan 2017, 04:19 PM

Great information. I went through the complete blog, however got confused after the latest RBI circular information was put up. It was mentioned above, ” If you have a NRO (non-repatriable) bank account, you can map that to the trading account and it will be like a normal resident account.”

1. If I need to trade in F&O from USA, would I still need a PIS + NRO account? Would CP code still be required to trade in F&O? I am trying to understand if this RBI circular eases the process in any way to trade in F&O.
2. The brokerage would sill be Rs.200 per executed order, correct?

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