Comment on NRI trading on Indian Stock Exchanges
commented on
19 Feb 2016, 11:50 AM
Dear Venu,
Thanks for the valuable Info.
I am an NRE and my wife is also with me by last 5 years ( she is not working in abroad and a house wife, but she also is non resident as per income tax rules (Days Calculation of residence) , she does not have any NRE / NRO Bank account and remittance to India) and we had a resident Bank account opened before 5 years and linked the account with another share broker . can we use the bank account and DP account with the broker , now for buying shares from online market. if not legal,
What we need to do to trade online ,
I want to transfer my NRE fund to her Resident bank account and do the trade through DP account created earlier. (also We have some shares we bought earlier )
Please help us
Waiting for your kind reply