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Is it mandatory to route the secondary market transactions through PIS designated account only?

April 26, 2017account designated mandatory market PIs route Secondary transactions

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Is it mandatory to route the secondary market transactions through PIS designated account only?

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Yes, It is mandatory for a NRI to route all secondary market transactions through his PIS designated account i.e For all purchase / sell of stocks in secondary market only the PIS designated account should be debited / credited.