Can NRI's do stock/share trading in indian share markets (NSE/BSE)?
Question:
Answer:
Open a NRI/NRO a/c with a Indin Bank. This bank can be in India or abroad. Also open a D-mat a/c with any DP. Bank and DP can be same as well. U must fulfill conditions to open a D-mat a/c.I hope u know difference between ordinary saving/current/NRI/NRO a/cs.Earning out of yr dealing in stocks/MF?FDs, if taken out of NRI/NRO a/cs can not be sent back to u in the country from where u sent the money in the first place.ROI is no longer attractive for NRI a/cs.U know Rupee has appreciated so much recently and RBI is worried and thinking what to do with so much inflow of $ in the country!!
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Visit ICICI Bank NRI section and you will get all the details.
They provide complete paper less transactions with their 3in1 Direct Account
www.icicibank.com
www.icicidirect.com
PS: I do not have any interest in this and nor am I a employee etc of ICICI Bank
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yes they can, but 4 that they hav 2 register themself with SEBI. for details contact SEBI.
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No. Being an Indian you are free to do trading in Indian stock exchanges without any problem. You can apply for PAN card through many of the agents like bajaj capital and once you have a PAN number you can open a trading and DP account with any of the brokerage houses and then start trading.
DMAT accounts and trading accounts can be opened even with ICICI Bank, Share khan, Geojit etc and you can also carry out on line trading with the brokers.
So you can contact any of the brokers for the DMAT and trading account.
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