Can NRIs trade in the Indian stock market?

Yes, NRIs can trade and invest in the Indian stock market subject to RBI, FEMA, and SEBI regulations. NRIs, PIOs, and OCI cardholders can invest in listed shares, IPOs, mutual funds, ETFs, bonds, and certain other securities through approved banking and investment account structures.

To start NRI share trading in India, investors must open an NRE or NRO bank account, an NRI Demat Account, and an NRI Trading Account. Depending on the type of investment and repatriation requirements, a PIS account may also be required. Once the accounts are activated and linked, NRIs can buy and sell securities through a registered stock broker from anywhere in the world.