Eine der umfangreichsten Listen mit Dateierweiterungen. Erweiterung Was 000 000600 Paperport Scanned Image 000 000999 ARJ Multivolume Compressed Archive. Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News. NRI trading on Indian Stock Exchanges Z Connect by Zerodha Z Connect by Zerodha. Dear fellow NRI InvestorTrader,The below blogpost is our effort to simplify what goes into opening a NRI trading and demat account for investing in the Indian Stock Exchanges through the PIS route. Open an NRENRO savings bank account in India. NRE Account Non resident External Account NRE is a  bank account where both the principal and the interest earned can be repatriated. You can transfer dollars from your foreign bank account which gets converted to rupees when it hits your NRE account. Funds kept in the NRE account can be converted back into dollars and can be transferred back to your foreign account along with the interest earned. This ability of an asset to be moved from a foreign country to the investors home country is called repatriability. NRO Account Non resident Ordinary Account NRO is a bank account where principal and interest only upto 1million per year can be repatriated. Check this link to know more. Get an RBI approval to start investing on the stock exchanges PISYou need to get a PIS Portfolio Investment Scheme permission letter from RBI Reserve Bank of India before you can open a trading or demat account with a brokerage in India. How to get the PIS letterThe bank where you opened the NRENRO account will take care of this. Make sure to submit all the requisite documents. Open a Trading and Demat account. Return To Mecca Pdf Merge. You can now open a trading and demat account with a brokerage firm like Zerodha. Along with all the other documents, you have to also give a copy of the PIS letter that the bank would have given you. Here is the application form to open a Zerodha Trading Demat Account. Stock Manager Advance 2 With Point Of Sale Module Free Download' title='Stock Manager Advance 2 With Point Of Sale Module Free Download' />Note that you can open both NRE and NRO bank account simultaneously with a bank. In this case, you have to specify which one of these two you want to be mapped to your trading account. You can map only one of these accounts to your trading account. By mapping your NRE account, you can only trade in the Equity segment whereas through an NRO account, you could trade in both Equity Derivative segment. If you wish to map both these accounts for the sake of Equity trading, youll have to obtain 2 client codes from your brokerage firm. Documents required to open a trading and demat account. Copy of PIS permission letter. Copy of FEMA declaration for Zerodha and FEMA declaration for Zerodha Securities. Copy of PAN card. Overseas address proof Copy of Driving LicenseForeign PassportUtility BillsBank Statement not more than 2 monthsNotarized copy of rent agreementLeave License agreement Sale Deed. Indian address proof, if any. Passport size photograph. In case of an Indian Passport Copy of valid passport with place of birth as India, Copy of Valid Visa. In case of Foreign Passport Copy of Valid passport, Copy of PIOOCI card. Proof of Bank account a cancelled cheque leaf of your NRE or NRO savings bank accountNote Copy of PAN card, Passport, Power of Attorney and Foreign address proof to be notarized by Indian Embassy or any other competent authority like Consulate General Notary Public Any Court Magistrate Judge Local Banker in the country where the NRI resides. The attesting authority should affix a verified with original stamp, name, designation, signature and date on the said documents. Declaration of P. O. Box in your residing country. FATCA Declaration Form. Trading Process. Allocate funds from your NRENRO bank account to your PIS. The bank now informs the brokerage firm on how much funds you have allocated. This is then updated on your trading account. When you make a stock purchase, the brokerage firm sends the buy contract note at the end of the day to the bank. The bank in turn debits your PIS account to that extent and credits the brokerage firm. Similarly when you sell some stocks from your demat, the brokerage firm sends a sell contract note at the end of the day to the bank and also credits your PIS bank account with the proceeds from the sale. Note that two separate contract notes are sent for all your buy transactions and sell transactions at the end of every day. The net amount crediteddebited to your PIS will be including all charges that appear on the contract note. Taxation. Financial year ending in India March 3. Last date for filing IT returns July 3. Long term capital gains Zero or exempt. Any gain made on stocks held for more than 1 year is exempt from any taxes. Short term capital gains 1. Trading income from F O Considered as business income, and taxed according to the Income tax IT slabs in India. Trading on Futures and OptionsYes you can trade in F O segment of the exchange out of the rupee funds held in India on a non repatriate basis. It is a little complex to get started as trading on F O requires a NRI to get a Custodial Participant CP code. We at Zerodha have tied up with IL FS for custodial business, and hence this CP code is assigned by IL FS. Once you have the CP code, all the funds for trading F O will sit with the custodian, similar to how all your funds for trading stocks sit with your bank. A typical starting portfolio size for a custodial account is Rs 5. Other things to keep in mind. Stock holding of an NRI cant exceed 1. Indian listed company. NRI can trade only delivery based. No intraday trading on equitystocks allowed. NRI can trade only equity and equity F O. No currency or commodity trading allowed. NRI at Zerodha. Currently we are servicing only such clients who have their PIS account with Axis, HDFC or Yes bank. We are in the process of tying up with more banks. As you can see that there is an incremental effort involved in servicing NRI clients as compared to a resident client, the brokerage is Rs. Equity 0. 1 or Rs 2. Equity F O is charged at Rs. For more help, email email protected. Happy Trading and Investing.