Comment on NRI trading on Indian Stock Exchanges

Suman Chatterji commented on 07 Jan 2016, 07:52 PM

Hi Guys,

I am a NRI based out of Singapore. I want to open a Zerodha account but I have a few questions:
1. I have a resident India DEMAT account from ICICI direct. I have some shares in that account. I understand that being an NRI you can trade trough the PIS account. For all shares which are purchased before NRI status can be kept as is. My question is do I have to open another non PIS account to transfer the current shares from ICICI to Zerodha? Can you explain me the procedure? are you aware if ICICI charges any transfer fees? Thanks for letting me know.

I am really happy to see the good work and info from you guys.

Suman.

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