NRI is no longer required to open PIS Bank Account for investment in Indian stock market without repatriation benefits. NRI are on par with resident Indian for all investment in listed equity shares on Indian stocks exchanges without repatriation benefits except (company engaged in agricultural/plantation activities or real estate business or construction of farm houses or dealing in Transfer of Development Rights). In fact, all existing NRO PIS Bank Account has automatically become NRO Saving Bank Account.
- NRI Trading
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