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How can NRIs, PIOs and OCIs trade Indian shares?

April 26, 2017India indian NRI NRIs OCIs share Shares Trade trading

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How can NRIs, PIOs and OCIs trade Indian shares?

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Non resident Indians living abroad can trade in Indian stocks online, however they cannot conduct intra day trading. This means they have to stay in a position for atl east 3-4 business days from the date of purchase. A PAN Card number is must to open up a Stock trading account in India. Below are the following components of a NRI Account: 1. Trading or broking account with a stock broker. 2. Demat Account with a DP 3. NRE or NRO bank account attached to a PIS Account. 4. PIS – portfolio Investment Account.