Comment on NRI trading on Indian Stock Exchanges

Nandu commented on 13 Apr 2015, 07:19 PM

Hi Venu,
excellent info. Can you please provide more info for NRIs from USA.
My situation is
1. I had a Resident Savings a/c with a big Indian based bank and the DMAT too, opened way back in to 2004
2. Once I settled in USA, I had asked to convert my Resident Savings account to NRO status so that I can do all the bank transactions without any issues
3. Once the Savings a/c was converted to NRO a/c, my DMAT account was blocked (understandably owing to new regulations)
4. Not sure if I have the PIS, as my DMAT is very old one
5. I am planning to visit India in the winter and opening a NRI DMAT a/c (lack of better name?) is part of the trip. I would like to know what is the procedure for NRI’s from USA (I am still Indian citizen)
6. Can you please let me know the steps involved in opening a Zerodha Trading account
7. Also the fees associated with the account, fess/charges etc associated with trading
8. In general how much time would it take to complete each step of the process.

Thanks and appreciate you inputs.

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