There are plenty of benefits extended to NRI clients at Tradeplus when they trade in NRO mode. They are
- No PIS bank account is required to trade
- Get Exposure and leverage
- Facility to execute BTST (Buy Today and Sell Tomorrow) and Intraday Trades
- Facility to buy in NSE with stock collateral and hold it for a maximum of 1 year under MTF
PIS bank account is not required to trade
Till recently,PIS Bank account was mandatory for NRE and NRO account and this is not required now for NRO accounts as RBI has scrapped it recently.
RBI has now relaxed these procedures for NRO mode of trade. Under the new process NRO transactions need not be reported to RBI and hence, the trades executed in Non-Repatriable mode need not be routed through PIS account. The transaction will how ever continue to be under scrutiny for tax obligations and taxes if any are to be paid before the sale proceeds get credited to the account. This process is now done by Tradeplus at 0 cost. Hence, PIS bank account is not required anymore to executed transactions in NRO mode. Click to know more.
Get Exposure and leverage
Facility to get exposure of available cash and stocks under the following categories
a) NRML – Option to buy selective stocks up to 3 times and settle within Trade + 5 working days
b) MIS – Option to buy selective stocks up to 10 times for Intraday and
c) MTF – option to buy stocks in NSE segment using stock collateral and hold them for a maximum of 1 year.
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Facility to execute BTST (Buy Today and Sell Tomorrow) and Intraday Trades
NRIs were never allowed to do Intraday trades and to execute Buy Today and Sell tomorrow Transactions. With RBI making NRO trades at par with residents, this is now extended to our NRI clients trading in Non-Repatriable accounts. Open an NRO account to avail the facility.
Facility to buy in NSE with stock collateral and hold it for a maximum of 1 year under MTF
MTF is a unique funding facility offered by Tradeplus to its customers to buy stocks with a minimum required margin and hold the stocks for an extended period of time. Click to know more.
Click to request a call or call us at +91 7338822169 / +19143687760 or WhatsApp us at +91 7338822169 or mail to email@example.com to open an account.