How can NRIs trade in the Indian stock markets?
How can NRIs trade in the Indian stock markets? In many ways, non resident Indians (NRIs) have rights in India like resident Indians. Of course, since they are located abroad, they are required to go through a more regulated framework and greater compliance but investing in the markets is perfectly possible for NRIs too. Let us look at how NRI can trade in Indian stock market. Let us also look at the ideal NRI investment in India and also the best NRI demat account and trading accounts. Three ways NRIs can invest in Indian equities: 1. As a non resident Indian, there are three ways to route and manage your investments in the Indian stock markets. 2. Since the NRI will be based abroad, they can appoint a mandate holder to handle their NRE / NRO accounts in India. The NRI must give an "Appointment of Mandate Holder " application to the bank with requisite documents and the specimen signature of the mandate holder. This is the first step. 3. Then the NRI ca...