Can an NRI trade without PIS?

Zerodha (Trade with the best stock broker)

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.

Till recently PIS was mandatory for NRI to invest in Indian equity stocks. However, the rules have now been changed and NRI trading without PIS is possible. The relaxation is applicable for NRO mode of transactions I.e. an NRI can trade without repatriation benefits using NRO account just like resident Indians.

Topic: NRI Trading Requirements (Accounts for trading in India) Article

Comments

Add a public comment...

Find more questions on this topic

What are the requirements for NRI trading in India?
Is PIS mandatory for NRI trading?
Can an NRI use NRE account for trading in derivatives?
Is Demat account mandatory for trading in derivatives?
Can I convert the Resident Demat Account to NRI Demat Account?
Can I convert existing resident trading and Demat ac to NRI account?
Can NRI pledged shares be transferred or sold?
Is NRI required to provide a local address for account opening?
Can NRI nominate a power of attorney to trade and invest in India?
Can NRI revoke or cancel a power of attorney?
Can NRI do share trading in India?

Ask Your Question