NRI Account Opening Procedure
The following are the accounts to be opened for an NRI to invest in India.
Step 1:Â Trading account: This account enables one to buy/sell stocks
Step 2:Â Demat account: This is the account where the shares you bought will be credited and shares you sold will be debited.
Step 3:Â PIS Account â€“ Portfolio Investment Scheme: ItÂ is the bank account through which all the secondary market transactions are routed. This is mandatory for accounts in NRE status.
Step 4:Â 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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