FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Zerodha (Flat Rs 20 Per Trade)
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.
As a first step towards investing in the India equity market, an NRI has to convert his Indian savings bank account into the NRO Bank Account. An NRO account is for NRIs to manage the income earned in India i.e. rent, dividend, pension, sale of property purchased before becoming an NRI, etc. Any person resident outside India can open an NRO account. Income earned in foreign as well as in India can be deposited in this account.
Options:
You could use your Non-PIS NRO Account to invest in Mutual Funds/IPO in India. Please note that AMCs are allowed to accept investments only in Indian currency. For investing in IPO, an NRI should check the Red Herring prospectus of issuer company that provides the detail of NRI eligibility to invest in IPO.
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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