Comment on NRI trading on Indian Stock Exchanges

venkat commented on 06 Sep 2016, 11:59 PM

Reference to your below news update on on RBI circular.

” During account opening send a normal resident trading and demat account form along with your NRO savings account cancelled cheque leaf as a proof. All brokerage charges would be as applicable to resident individuals (Zero brokerage for investing vs Rs 200 per executed order charged for NRI clients coming through the PIS route). Equity – delivery and intraday trades will be allowed. Trading in F&O (equity, currency, commodity) will not be allowed. This also means that you can map any NRO bank account unlike being limited to just our partner banks for PIS (Axis, HDFC,YES). ”

based on the above if not PIS account , nri is allowed intraday trade , however for trading in F&O should i have another account, please clarify

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