What are the requirements for NRI trading in India?

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NRI Trading Requirements

An NRI requires an NRI Bank Account, NRI Trading Account, NRI Demat Account to start trading in India markets. Initially, PIS permission was a mandatory requirement to trade in equity stocks. However, now PIS is required only if an NRI wants to trade on a repatriation basis. Based on whether an NRI wants to trade on the repatriation or non-repatriation basis below are the specific requirements.

Investment Option

Trading on repatriation basis

Trading on non-repatriation basis

Equity

· NRE PIS Account

· NRE Bank Account

· NRE Demat Account

· NRO Non-PIS Bank account

· NRO Non-PIS Trading account

· NRO Non-PIS Demat account

F&O

Not Allowed

· NRO Non-PIS Bank account

· NRO Non-PIS Trading account

· NRO Non-PIS Demat account

· Custodial Participant Code (CP Code)



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