Comment on NRI trading on Indian Stock Exchanges

Jacob Francis commented on 07 Oct 2015, 01:09 PM

Dear Nithin,

I have NRE 3 in 1 account with ICICI Bank. Because of high brokerage fees i am decided to open a trading account with Zerodha. Pls help my following queries.

1. I have a PIS account with ICICI Bank. If i want to open a PIS Account with HDFC you want me to cancel the ICICI bank PIS account first or not

2. Is it possible i can use ICICI bank nre and nro account and open a PIS account with HDFC Bank?
3. How to transfer shares from my icici bank to my new account.

Expecting your reply soon,


Jacob Francis

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