Is it necessary to open a custodial account with Anand Rathi?

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If NRI is planning to trade in Equity Derivatives in India, it is necessary to open a custodial account with ICCL (Indian Clearing Corporation Limited) before trading with Anand Rathi. Anand Rathi is not a clearing member registered with the stock exchange. It has tied-up with ICCL for custodian services.

If NRI just wants to invest in stocks (equity delivery), it doesn't require custodial account.