Comment on NRI trading on Indian Stock Exchanges

Venu commented on 01 Aug 2016, 05:52 PM

We recommend trading through YES Bank since their costs are lower & services are better.You’ll have to open a NRE PIS & NRO PIS account at YES Bank. You can write to Adam from YES bank who’ll assist you with the account opening: [email protected]
1. It’s not mandatory to link it to NRO; We can also link it to NRE. – PIS account will be linked to the Trading account.
2. The whole process from when we receive your forms to the account being opened will take about 4-5 days subject to the documents being correct.
3. Yes, since LTCG is exempt from any tax, you’ll receive full proceeds on T+2 with no TDS deduction.

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