Chittorgarh.com Logo
Loading...

Does an NRI require PIS permission to purchase shares in IPOs?

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

No, NRIs do not require any PIS permission to purchase shares in the primary market. The application money can be paid through a regular NRE / NRO bank account or inward remittance.

Topic: NRI Trading Account Charges, Questions, Guide - India Stock Market Article

Comments

Add a public comment...

Find more questions on this topic

  1. Which segments are available for trading to the NRIs in India?
  2. What all investment instruments are available for NRI or PIO Card Holders in India?
  3. Can NRI apply in IPO, FPO or other public issues?
  4. Can NRI trade in currency derivatives?
  5. Why intra-day trading is not available for NRI in India?
  6. How much brokerage does Zerodha charges to NRI account holders?
  7. What are ICICI NRI account brokerage charges?
  8. Why does a broker charge higher brokerage for NRI trading account?
  9. Can shares bought via PIS be transferred to another NRI Demat account?
  10. How does money transfer between NRI Trading and NRI Bank Account?
  11. Can PIO and OCI invest in the India Share Market?
  12. Does NRI required to change his resident Demat account to Non-resident?
  13. Does NRI need new trading account on becoming resident Indian or vice versa?
  14. What documents are required to open an NRI trading account?
  15. Is there an easy way to open and handle an NRI Trading account?
  16. I have trading account in india whom I don't like I moved to abroad and become NRI,I was thinking of converting my trading acc into NRI bcz of complexity of NRI trading ac, I decided to open a regular trading ac in India will there be any problem?
  17. I was using an ICICIDirect Trading and Demat account when I was resident Indian. My status is now changed to NRI and I wish to open it with discount broker. Can I transfer my existing holdings to the new broker?
  18. What are the negatives of operating resident accounts instead of NRI?
  19. Can NRI bank account be linked with resident trading and demat account?
  20. What is an NRO and NRE Bank Account?
  21. What all documents are required for Custody Account?
  22. Can NRI receive shares in inheritance?
  23. Why do we need NRI Bank Account? How do I open it?
Ask Your Question
special_offers
By Popular Stock Brokers
Zerodha Review   Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O

Open Instant Account

Angel Broking Review   Angel One

Free Equity Delivery
Flat ₹20 Per Trade in F&O

Open Account

Paytm Money Review  Paytm Money

Flat ₹15 Per Trade (Delivery, Intraday and F&O)

Open Instant Account Now!

Upstox Review   Upstox

FREE Account Opening
Rs 1000 brokerage credit
Rs 0 Demat AMC
Flat ₹20 Per Trade

Enquire Now

ICICI Direct Logo

Free Equity Futures Trading
₹20/Trade (Options & Intraday)

Open 3-in-1 Account

ProStocks Review  ProStocks

Free Eq Delivery (₹15 F&O)
Rs 0 Demat AMC
Unlimited @ ₹899/month

Open FREE Account

Edelweiss Broking Review   Edelweiss

Full-service @ Flat Rate
Flat ₹10 Per Trade

Get FREE Account

Fyers Review   Fyers

Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O

Open Instant Account

IIFL Review  IIFL Securities

Full-service broker at its best
₹0 account opening fee (₹1150)

Request Call Back

Sharekhan Review  Sharekhan

30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training

Open Account in 15 Minutes

Open an Instant Account with Zerodha