Comment on NRI trading on Indian Stock Exchanges

Venu Madhav commented on 13 Apr 2015, 08:28 PM

Hi Nandu,

The easiest thing to do would be to open a new PIS account. Regulations have changed since 2004 and it’d be better if you could start afresh.

Do send an email with your contact information and I’ll put you through to someone from my Sales team who can help you get your account opened.

To sum up the process:

– Open a bank account in a branch of a designated bank by RBI.
– Apply for a general approval for investment in Indian Stock Market through the bank branch.
– Open a Demat A/C with any depository participant.
– Open a trading account with registered stock broker for carrying transactions on stock exchanges.

You can use our brokerage calculator which will indicate the various charges for trading at Zerodha: http://zerodha.com/brokerage_calculator

The brokerage however will be Rs.200/order

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