Services offer to NRIs in India lead lot of charges I'm planning to open trading and demat Ac on my mother's name who lives in India while opening Ac, in bank Ac detail section can I put my NRI Ac no. while demat and trading will belong to my mother?

asked Monday, February 11, 2019

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

You can open an account in your mother's name but you cannot link your bank account to her trading account. As per law, the trading linked bank account should belong to the same person.

You would have to first transfer funds to your mother's bank account and from there to her trading account for trade.

answered Monday, February 11, 2019

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

Ask Your Question

Find more questions on this topic

What all trading segments are available for share trading to the NRI's in India?
What all investment instruments are available for NRI or PIO Card Holders in India?
Can NRI apply in IPO, FPO or other public issues?
Can NRI trade in currency derivatives?
Why intra-day trading is not available for NRI in India?
How much brokerage does Zerodha charges to NRI account holders?
What are ICICI NRI account brokerage charges?
Why does broker charges higher brokerage for NRI trading account?
Can I transfer the shares I bought through the PIS route as NRI to another demat account?
How does money get transferred between my Trading Account and my NRI Bank Account?
Can PIO (Person of Indian Origin) and OCI (Overseas Citizen of India) invest in the India Share Market?
In case a person who is resident in India becomes a non-resident, will he be required to change the status of his holding from Resident to Non-Resident?
In case a non-resident Indian becomes a resident in India or vice versa, will he/she be required to open a new trading account?
What are the documents required to open a NRI trading account?
Is there an easy way around to avoid the complexity of NRI Trading Account opening and handling?
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?
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?
What are the negatives of operating the resident trading and demat account instead of NRI?
What is an NRO and NRE Bank Account?
What all documents are required for Custody Account?
Does an NRI requires PIS permission to purchase shares in IPOs?
Can NRI receive shares in inheritance?

Ask Your Question

Comments

No comments found. Be the first to post a comment.

Name		Phone
Email		City
State
Are you a day trader?

Services offer to NRIs in India lead lot of charges I'm planning to open trading and demat Ac on my mother's name who lives in India while opening Ac, in bank Ac detail section can I put my NRI Ac no. while demat and trading will belong to my mother?

Find more questions on this topic

Comments

IPO Information

Mainboard IPO

SME IPO

General IPO Info

NCD Public Issue

Stock Broker Reviews

Best of Brokers...

Reviews (Discount Broker)

Reviews (Full-service)

Compare Brokers

Trading Platform Reviews

Options Trading

Stock Market

Chittorgarh City Info