Comment on NRI trading on Indian Stock Exchanges

Peeyush commented on 19 Jun 2016, 07:39 PM

Hi Venu,

1. what is an offline PIS and what are the charges assiciated with this account ie the opening charges and annual maintenance charges
2. when you say Axis charges 150 per contract note- is it per scrip or all the scrips I buy during a day?

3. and if I maintain balance over 10 lacs- this shouldl be in PIS or demat account holding or NRE/NRO account? 75 Rs is per transaction?
4. as you had said that I cannot maintain 2 PIS account that means I can not open another PIS account before closing HDFC PIS. If I close HDFC PIS can I still keep the HDFC demat account till my new PIS is opened with Axis bank? and then transfer the holdings to Zerodha? bit confused here

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