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What steps an NRI needs to take to start investing in the Indian Stock Market?

April 26, 2017indian Investing Needs NRI steps Stock Market

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What steps an NRI needs to take to start investing in the Indian Stock Market?

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• An NRI should open a new bank account (NRE/NRO or both) with designated bank which is approved by RBI (Reserve Bank of India) for this purpose. • He should apply for a general approval for investment in Indian Stock Market through his designated bank branch. • He should open a Demat Account with an NBFC to hold his shares and register to execute his buy/sell orders on the stock exchange(s).