Special considerations in case of NRI trading accounts are as following:
- NRIs cannot trade in securities which are in the RBI ban list
- Clear funds should be available for purchases
- Securities should be available before making a sell order
- Depending upon whether the purchases are made on repatriation / non-repatriation basis pay-out of the securities is transferred to the respective demat account.
- Purchase/Sale transactions in cash segment are settled by delivery only
Thus NRIs can without any hassle trade in India; provided they fulfil the guidelines given by RBI and it is better to go by the system to avoid any complication at a later stage.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
