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What are the requirements for NRI trading in India?

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.

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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