In this article we are listing best brokers for NRI trading in India.
NRI ("person resident outside India" who is a citizen of India or is a person of Indian origin), PIO or OCI card holders can trade in Indian stocks under Portfolio Investment Scheme (PIS).
NRI accounts are controlled both by SEBI and RBI, so there are some restrictions in NRI trading. NRI can trade only in equity delivery, no exposures, no short selling, no BTST (Buy today sell tomorrow), no Currency derivative trading. NRIs can invest in mutual funds and IPOs through NON PIS [NRE/NRO saving accounts].
With the recent amendment in FEMA regulation, NRIs can now invest in Equity Market like resident individuals. Earlier NRIs were allowed to invest in Equity market through a PIS account only. Now PIS account is required only if you have NRE Account by which you can repatriate (take out the funds out of the country) the sale proceeds.
NRI with NRO Account can trade in Equity Delivery as normal resident Indian. You just need to open a normal trading and demat account and link it with your NRO Saving Account.
NRI is no longer required to open PIS Bank Account for investment in Indian stock market without repatriation benefits.
Zerodha started offering NRI Services @ Rs 200 per executable order for Equity and F&O.Zerodha NRI account features are :
ProStocks NRI Investment Services include trading in equities, futures, and options on NSE and BSE at the cheapest brokerage of Rs 100 per executed order. ProStocks NRI Account features include.
Sharekhan offers NRI Investment Services to trade online on NSE, BSE,trade in mutual Funds on any of the trading platforms Sharekhan offered. Sharekhan NRI account features are:
Geojit BNP(GBNPP) have branch offices in Kuwait, Oman, Dubai, Saudi Arabia, Kuwait or Oman and providing NRI service to invest in India Market. They have joint venture with local group and providing service to NRI customer to invest in local market as well as Indian stock market. Geojit don't have any office in US or support US persons or US investors via their platform.
HDFC Securities NRI Offering- With 3-in-1 account,Bank, Trading and Demat HDFC Securities is offering seamless and hassle free trading for NRI's
Kotak Securities' NRI account gives you the power to buy equities, futures or options, and transferring funds between accounts.Basic Features of the NRI Account are:
Paperless account opening*
e-Aadhar base account opening
Free Delivery trading
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Free Equity Delivery Trades
Flat 20% discount on online transaction