NRI Trading is an option for non-resident Indians or NRIs to trade at stock exchanges in India like the Bombay Stock Exchange and the National Stock Exchange. For trading, NRIs need to open an NRI Trading Account compulsorily. NRI Trading happens online and through this process, NRIs can invest their money in listed companies in India. Other than the NRI Trading Account, the investor also needs to have an NRI Demat Account and an NRI Bank Account.
What is NRI Trading ?
NRI Trading is the best option for NRIs to invest in stocks, Mutual Funds, IPOs, Bonds, etc. at the NSE and BSE through the authorized dealer category. As per the regulations of the Indian government, NRIs can invest or trade only in equity but not in Commodity derivatives. Through the NRI Trading Account, investors can conduct online stock market investments.
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Benefits
1
Invest in the stock market
NRIs can invest and trade in the Indian stock market through NRI Trading. These investments are usually possible via financial institutions through NRI Portfolio Investment and/or Portfolio Investment Scheme
2
High returns
NRI Trading accounts offer the investor to open fixed deposits wherein they can enjoy good returns without risks associated with typical fluctuations in the stock market.
3
Trading from any country
NRI Trading is a tool that NRIs can use to trade from any country. There are no limitations or restrictions on their geographic location.
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4
No impact of exchange rate fluctuations
Manageable Currency rate fluctuations and possible tax free earnings: NRI Trading through FCNR(B) Account , NRIs can avoid currency rate fluctuations. NRIs with NRE and FCNR(B) Account, can enjoy tax free earnings on their savings.
5
Support
NRIs get support and advice from their dealers or banks at every step. They are able to take well-informed decisions backed by data generated by in-depth research conducted by authorized dealers.
