Sir,Pl update me weather NRI,s having Demat Ac can transact in sales and purchase of the stock.
prasad Nilugal
(3909 Points)
Replied 23 July 2021
SUM Rao
(Retired)
(62 Points)
Replied 26 July 2021
Sir,
Thank you for the information.Weather Off market transfer of shares to the shareholders, family members is allowed in the absence of PIS approval.
SUM Rao
manish upadhyay
(employee)
(22 Points)
Replied 06 September 2021
If you are an NRI and looking to invest in the Indian stock market, here are some tips and tricks to learn all about the Indian stock market.
1. Firstly, to invest in the Indian stock market, you need to open an NRE account. An NRE account is like a bank account for the NRIs. The money you will deposit in the NRE account will be converted into an Indian currency. You can deposit the money in any currency.
2. For opening an NRE account, you need to submit a PIS form and provide the name of your stockbroker. Once the form gets approved, the same will be forwarded to your stockbroker and you can open a demat and trading account for investing in the stock market.
3. However, you should also remember that NRIs cannot engage in intraday trading. Also, as an NRI you cannot trade in currency derivatives and commodities.
4. NRIs trade on a delivery basis in the stock market which includes BTST trading (Buy Today, Sell Tomorrow), STBT (Sell Today, Buy tomorrow) trading. and short-selling.l
For more visit - https://www.kotaksecurities.com/
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