Comment on NRI trading on Indian Stock Exchanges

Arun commented on 25 Mar 2016, 03:34 AM

Hello Nithin/Venu – I have couple of question and would appreciate the response.
Do you guys have started working with Yes bank for PIS/NRE account for equity trading? I read somewhere in this thread last year that it is in process if not done by now any tentative timeline?

Second you have mentioned in the thread to trade in derivative we need to obtain a custodian code from clearing member in your case IL&FS and minimum commitment they are asking for is 25L, is there any change in that stand? I mean like 5L or so? I checked with other broker (tradeplusonline) they have tie up with stock holding of India for NRI customer for custodian and there is no minimum commitment required there, do you guys use stock holding of India for clearing?

Appreciate the response

Arun

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