Can NRIs have trading account in India?

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An NRI can have a trading account in India to invest in Indian stock markets.

An NRI should open an NRI Trading Account, NRI Demat Account, and NRI Bank Account to make investments in the capacity of an NRI. An NRI cannot continue with the existing resident trading account in India and is required to be closed to avoid any issues.

An NRI is required to open an NRE or NRO trading account linked to NRE PIS or NRO PIS/ Non-PIS bank and Demat accounts to trade on repatriation and non-repatriation basis respectively.

Topic: NRI Trading in India - Account, Rules, Eligibility Article

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