Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Akshay.A commented on 25 Jan 2017, 12:43 PM

Yes, you can trade in Futures & Options through CP code being an Overseas Citizen of India. Regulations & restrictions that are applicable for NRI’s apply for OCI accounts.

Since, the funds for F&O trades are settled out of the rupee funds held in an NRO (Non- Resident Ordinary) account repatriation of those funds is restricted to USD1 million per financial year (April-March) with prior approval from RBI.

Check this: https://www.nseindia.com/content/members/faq_NRI_TA.pdf

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