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How will bank come to know of the transaction done by an NRI?

April 26, 2017Bank NRI transaction

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How will bank come to know of the transaction done by an NRI?

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The NRI or the PIO has to report all the transaction done on Indian stock exchanges to the bank with which he is maintaining the PINS account. This reporting has to be done within 1 working day after the execution of the transaction. Client has to submit the contract notes to the PINS department within one working day. Failing which the transaction can be held invalid.