Comment on NRI trading on Indian Stock Exchanges

Rama commented on 23 Sep 2015, 08:11 AM

Hi

I am NRI and have 3-in 1(Bank Account + Trading Account + Demat Account) with ICICI but cost of trading i.e is commission charged by ICICI is very very high . SO I want to open Trading account with Zerodha. I have couple of queries

1) Do I need to open a new Demat Account as well if I open Trading account with Zerodha. Will that mean I need to again get PIS permission letter
2.) I have NRE account with Yes bank & Bank of INdia. NRO account ICICI . Can these be linked to Zerodha Trading account
3. In case if I open account with Zerodha what happens to the shares I brought through ICICI Demat? ,Can I transfer the shares I bought in ICICI demat to another demat account

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