Can NRIs buy/sell stock online in Indian Stock Markets?

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Are you a day trader?

Yes, most stock brokers offer the online trading facility to NRIs. This mainly includes online discount brokers offering 2-in-1 account (trading and demat) i.e. Zerodha, Prostocks.

However, there are some stock brokers, mostly banks offering 3-in-1 account, who may not offer online trading services, particularly to US and Canada based NRIs due to additional compliance requirements. Please check with the stock broker before opening the trading account.

NRIs can use the online trading software provided by the stock broker to place buy/sell orders online. The trading software and process to place a buy/sell order are similar to resident Indian customers.



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