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Can NRI designate any AD Cat 1 bank to trade in Currency Derivatives?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

An NRI wanting to trade in the exchange-traded currency derivatives needs to appoint an AD Category 1 Bank to monitor and report their position limits. The appoint AD Cat I bank should also be a clearing member of the exchange or clearing corporation.



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