Online Demat Account of NRI

A person purchased some shares some time back when demat accounts were not introduced. Now he has moved to Canada and wants to sell off those shares thorugh online demat account. I called ICICI bank but they dont provide online demat facility to Canada and USA people. It it true with other banks also. And What would be the taxationa and repatriation laws for the same transaction. 

Replies (17)

check with their online trading customer services first.

for nri's there are other good platforms like religare and relinace money super trade!

try those after using the present one.

 

along with super trade check forex services online platform specifically since you are an nri you would do lot of forex trading

i guess forex trading is legal.


you can do forex trading as an nri.

just one more question.Are there any other modes of activating the shares as collateral facility in platforms like icici direct and reliance money super trade?

yes the charges for using shares as collateral/how will client be charged for any ledger debits

resulting from trading activities
There are 2 types of charges that may be applied to clients using shares as collateral
A. Facility usage + pledge depledge
There is a charge of Rs/- 25 per scriptt everytime you pledge or depledge for all clients.

There will no facility usage charges till 31st March 2010.
B. Charge on ledger debit in any of the following ledgers in your trading account.

1. MTM
2. NSE
3. BSE
4. FO Margin

For icici direct when you put shares as collateral but ICICI Direct will charge some fees.

I do not know about indiabulls,kotak. Charging of fees depends on brokerage companies and

has nothing to do exchange. With some brokerage houses you have to inform them to put the

shares under collateral and in some companies (ICICI Direct) you can place yourself online.
 

check here.this is useful link.

https://www.iwebie.com/online-trading-demat-account-and-brokerage-firms

thanks for the useful info and links guys!

more links here

https://money.howstuffworks.com/personal-finance/online-banking/online-trading.htm

read this.it has demat comparisons of various platforms!

https://financialawarenessportal.com/an-overview-on-demat-account-charges-in-india/

and Like R Money Super trade, India Infoline had initially offered free online trading platforms but subsequently, they had introduced some schemes and advance brokerage in order to be able to trade through online trading platforms. I am not aware about the latest status of India Infoline and therefore you should check out yourself.

wow..great so should i choose between rmoney and india infoline?

wow..great so should i choose between rmoney and india infoline?

wow..great so should i choose between rmoney and india infoline?

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