Can nri have dmat account

Others 707 views 2 replies

A

107 Points Joined July 2011

Dear Members,

I'd appreciate if anyone can provide detail regarding implications of opening a DMAT account by a NRI n trading subsequently.

whether there is any restriction?

Whether there would be FEMA implications?

Income Tax implications?

Thanks & Regards,

Replies (2)

MichealFlether214

Student

36 Points Joined November 2011

Yes I think they can, check this https://www.icicibank.com/Personal-Banking/demat/accountopening.html

Ramalingam K

Founder & Director - Holistic Investment

21077 Points Joined October 2011

What every NRI needs to know about NRI demat account?

The Indian equity market is viewed as a window to prosperity by resident Indians and NRIs. Despite facing strenuous economic disaster, the Indian stock market is enjoying sheer position. The market has been on a roll for the past 10 years, with an estimated growth of 19% per annum witnessed on the Sens*x

https://www.holisticinvestment.in/index.php?q=nri-demat

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

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