Comment on NRI trading on Indian Stock Exchanges

Venu commented on 18 Jun 2016, 11:32 PM

1. In case of a purchase transaction, funds get debited on T+1 and you receive credit on T+2/T+3 in case of a sale transaction. The systems used to accept & process contract notes are better with Axis as compared to HDFC.

2. You could check with your RM as to how much HDFC would charge. Axis charges Rs.150/contract note and under a special scheme, if you maintain a balance of over 10lacs, the PIS charges would be Rs.75. We could put you through to the concerned people at Axis who could help you open the account

3. Wouldn’t be able to answer this question. We’ll put you in touch with someone at Axis who can be of help.

4. Again, this would depend on HDFC. Ideally transfer shouldn’t take more than a couple of days, but again they may have some internal policies.

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