In the last few weeks, till the time SEBI gave a clarification, the hottest topic of discussion in the market was the SEBI April circular which put restrictions on Non resident Indians and Overseas Corporate Bodies (OCBs) from having beneficial ownership of FPIs. As we are aware, there are 3 categories of FPIs in India.
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
We have been bringing to light the various benefits of the relaxation made by RBI for NRO accounts. For the benefit of those who do not know about it, click to read our article explaining the changes with benefits. To continue our effort in bringing the real benefits to NRO based investors, we open up yet another
What is bonus Stripping? Bonus stripping is an option available for Investors to incur short-term capital loss legally to plan tax obligations. When does this opportunity arise? When a company announces bonus How does it work ? Let’s take the example of Bharat Forge which announced a bonus of 1:1 with September 30, 2017 as
Dear NRI, PIO, OCI investors, Through the blog post below we endeavor to bring your attention to our ever reliable NRI services. We were one of the very few Stock Brokers in India to provide NRI Trading facility through an Online Trading platform in the year 2000. We are now re-launching our NRI Services through
NRI is otherwise known as Non Resident Indian. A NRI is a person residing out of India for more than 182 days in a year. From Trading account perspective a NRI or a Overseas Citizen of India or a Person of Indian Origin can open a Trading & Demat account to participate in Indian Secondary
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 –
Accounts that are to be opened 01. NRI savings account (With XXX Bank ) 02. NRI PIS / NON – PIS account (With XXX Bank ) 03. Trade account (With Tradeplus) 04. Demat account (With Tradeplus) Account Opening process: 1) To obtain PAN card: PAN card is a mandatory document to open share trade and demat account.No worries