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Can an individual investor sign-on with an international online brokerage and buy and sell stocks ( without exceeding the USD 25,000 limit)?

April 26, 2017brokerage buy exceeding individual International investor online sell sign-on stocks

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Can an individual investor sign-on with an international online brokerage and buy and sell stocks ( without exceeding the USD 25,000 limit)?

1 Answer

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The Scheme does not restrict such transactions, provided the transactions are within the limit of USD 25,000 per calendar year and is otherwise in order. For further details/guidance, please approach any bank authorized to deal in foreign exchange or contact Regional Offices of the Foreign Exchange Department of the Reserve Bank.