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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.
An NRI can link the NRO Non-PIS Bank Account with the NRO Trading Account and trade like a resident Indian without repatriation benefits. The following tables give a clear idea about which account you need to invest in shares, mutual funds, and derivatives (F&O).
Type of Account for NRI
An NRI needs NRE Bank (with PIS permission), Trading and Demat account to trade in Equity on repatriation basis. For trading in equity on non-repatriation basis, they need NRO Bank, Trading and Demat account. The RBI PIS permission is not required for investing on a non-repatriation basis. Investment in Equity and F&O is only allowed through NRO accounts.
| Products | Trading Account | aBank Account | Demat Account |
|---|---|---|---|
| Equity (Repatriable) | NRE (PIS) | NRE (PIS) | NRE |
| Equity (Not-Repatriable) | NRO | NRO | NRO |
| Mutual Funds (Repatriable) | NRE | NRE | NRE |
| Mutual Funds (Not-Repatriable) | NRO | NRO | NRO |
| Futures & Options | NRO | NRO | NRO |
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