Comment on NRI trading on Indian Stock Exchanges
commented on
20 Jun 2016, 03:38 PM
1. The online PIS account with HDFC only allows you trade using HDFC securities as a broker. Offline A/c allows you to attach your PIS to other broker accounts and trade through them. Wouldn’t know charges for the Bank account, best to check with them.
2. Yes, Banks charge based on the contract note reported. Some charge based on the value of the contract note, some charge a flat rate. Axis charges Rs.150 per reported contract – it’s for all the scrips bought one day.
3. Balance to be there in your Bank account. It could either be in PIS or in NRE/NRO account. Yes, 75 Rs. per day’s contract note.
4. Yes, you can keep your demat account open. Open a new PIS account at Yes Bank, link it to your Zerodha trading account and then you can transfer all holdings from your HDFC demat to your Zerodha demat account.