NRI Account Opening Procedure
The following are the accounts to be opened for an NRI to invest in India.
Step 1: Trading account: This account enables one to buy/sell stocks
Step 2: Demat account: This is the account where the shares you bought will be credited and shares you sold will be debited.
Step 3: PIS Account – Portfolio Investment Scheme: It is the bank account through which all the secondary market transactions are routed. This is mandatory for accounts in NRE status.
Step 4: Non-PIS account: It is nothing but ones NRE/NRO savings account. All the primary market transactions are routed through this account.
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