Can NRO account be used for trading?

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Yes, a Non-Resident Ordinary (NRO) account can be used for trading in the Indian stock markets.

Earlier, only NRO accounts with PIS approval were allowed to trade in the Indian equity market. However, now NRIs can trade using NRO Non-PIS accounts as well provided their broker facilitates them to do so.

Apart from Equities, NRI can invest in various other instruments in IPO, MFs, Debt, Rights, Bonus, ESOPs, etc, using NRO Non-PIS account.

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