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What basic steps are required for an NRI to invest Indian stock Market?

April 26, 2017BASIC indian invest NRI steps Stock Market

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What basic steps are required for an NRI to invest Indian stock Market?

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NRI should open a NRE/NRO bank account with designated bank branch, which is approved by RBI (Reserve Bank of India ) for the purpose. Apply for a PAN Card. Apply for a general approval for investment in Indian Stock Market through his designated bank branch, this is called PIS(Portfolio Investment Scheme). Open a Demat Account with a Depository Participant to hold his shares. Register with a broker to execute his buy/sell orders on the stock exchange(s).