Comment on NRI trading on Indian Stock Exchanges

Hi,

This is the most crisp description of NRI account process I have come across. I have a follow up query. The Rs. 200 per order cost – is this per contract note or per stock/asset order in a contract note?

I am trading through PIS process for close to a decade now. You brokerage/per transaction cost is very very high. Assuming that Rs. 200 is per contract note, I break even with my existing brokerage cost if the CN value is app Rs. 75000. I am fully aware that the NRI process involves an overhead on the part of brokerage firm, i.e T+1 settlement for buy orders, however, the sell orders have a settlement cycle of T+2 with my existing bank. This should completely offset the overhead and more. Please let me know if there is any leave-way. I can share other details offline.

Thanks
Khush

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