Do I need to have separate trading account for investment with repatriation and nonrepatriation basis?
Yes, you need to have two separate trading accounts for investments with repatriation and nonrepatriation basis. At the same time you also need to have two separate bank accounts respectively i.e. NRE and NRO account which would be linked with your trading account. Your DP account(s) with repatriation and non-repatriation basis shall be accordingly linked with respective trading account.
Related Questions
- Each one of my family members have trading, Demat account with more than two brokers each. Can we maintain the Stock investment information of all of us using one copy of the software?
- Is there is any requirement for maintaining minimum allocation (balance) in my trading/investment account?
- Do I need to have separate trading account for investment with repatriation and nonrepatriation basis?
