Comment on NRI trading on Indian Stock Exchanges

Ajith Kumar commented on 19 Oct 2015, 11:54 AM

Hi Venu

I have opened a trading account with Axis Bank. As such they will be getting the PIS account done for this. Now to get a trading account opened with Zerodha do I need another PIS. What document do you need for this?

Also was told by Axis Bank that for each trade they will charge a PIS reporting fee of INR 150. Worse still I have no control over the no. of trades that may happen on a single order placed by me and have no way of predicting how much I will be charged in terms of PIS reporting fees for a single order as the order might get executed in multiple trades. Please advise whether you have any other charges like this.

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