Can NRI purchase shares India?

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An NRI can purchase shares in India by investing in stock markets. An NRI cannot do intraday trading and has to take the delivery of the stock purchased.

An NRI requires an NRI bank account to fund the purchase amount of the stock, an NRI trading account to place the purchase order with the broker, and an NRI Demat account to take the delivery and hold the stock purchased. 

An NRI is required to open an NRE or NRO accounts depending on the repatriation benefits. If an NRI wants to purchase the stock on a repatriation basis, an NRI requires a PIS approval from RBI and is required to open an NRE PIS bank account, NRE Demat account, and NRE trading account. To buy the stocks on a non-repatriation basis, the PIS approval is optional based on the kind of services offered by the broker and an NRI can buy the stock using NRO (PIS/Non-PIS) bank account, NRO Demat account, and NRO trading account.


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