Can an NRO account be used for trading?

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Yes, an NRO (Non-Resident Ordinary) account can be used for trading.

Earlier, investment in equity stocks through the secondary market without PIS approval was not permitted. Thus, only an NRO PIS account could be used for trading. Eventually, RBI relaxed the requirement of PIS for NRO route. Thus, now an NRO Non-PIS account can also be used for trading. However, still not all brokers offer the facility to trade using NRO account without PIS, hence confirm with your broker on the option provided.

NRI can also invest in mutual funds, F&O, NCD, IPO using the NRO account.

Topic: NRI Bank Account Feedback

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