Comment on NRI trading on Indian Stock Exchanges

suman commented on 08 Jan 2016, 11:15 AM

Hi Venu,

Sorry to bother again.

I already have a NRO account from HDFc, so in this case I will ask for PIS application from HDFC for the NRI trading. Once that is received then I will send the completed form for the account opening to Zerodha. On opening the account my understanding is that I will be able to invest (buy and sell) as a NRI going forward. For the stocks which are already in the Redsident India DEMAT account needs to be transferred to an account where I can only sell. Is this the NRO account? Since I will be using my NRO bank account for the NRI DEMAT accounnt for future trading – which account will hold my current shares? Will there be a single account for both?

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