Can NRI pledge Mutual Funds for Trading?

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An NRI is not allowed to pledge mutual funds for trading.

As per RBI guidelines, an NRI is allowed to pledge their shares/securities with Indian banks, overseas banks, and Non-Banking Finance Companies (NBFC) only for genuine business purposes and not for trading purposes.


1. Mihir   I Like It. | Report Abuse |   Link | Oct 15, 2021 7:16:05 AM Reply
Can NRI pledge share for trading?