Comment on NRI trading on Indian Stock Exchanges

Rubina commented on 11 Aug 2016, 02:29 PM

Sir, I got an email from another broker with this below message:

With the recent amendment in FEMA regulation, NRI’s can now invest in Equity Market like resident individuals. (Earlier NRIs were allowed to invest in Equity market through a PIS account only.) Now PIS account is required only if they want to repatriate (take out the funds out of the country) the sale proceeds.

Is this possible with Zerodha. If yes, then will the brokerage charges reduce?

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