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NRI Trading
17 January 2017
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Can I have more than one stock broker linked to my NRO Saving Account?

ProStocks Now offer NRO Trading and Demat Account without NRO PIS Bank Account i.e NRO Non-PIS Trading and Demat Account. This account can be used for Equity Delivery, Equity Intraday as well as Equity Futures and Options (FNO). In FNO not only you are allowed short-sale but intra-day trades also. You can have NRO Savings Bank Account in any Bank in India, yes in any of the more than 122 Banks in India. There is no linking required as this is NRO Non-PIS Trading and Demat Account.

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  • Shahab Khan
  • Team ProStocks

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  • Guest - Amiya Maji

    about 6 years ago

    Is the above rule for NRE Accounts too? Please give me the link of RBI regarding the above rule (both NRE & NRO A/cs).

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    Guest - Amiya Maji
     about 6 years ago

    You cannot have Multiple NRE PIS Bank but can can have multiple NRE PIS Bank account linked with same PIS Number with one Bank. NRI can have only one NRE PIS Bank at a time. Many Banks allow split of NRE PIS Account where you can have Two NRE PIS Account one linked with their in house Broking Company and another with third party Broking Company. You can write to [email protected] giving your Name Email Id and Contact Number and thereafter you can call us on particular number to discuss in detail.

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  • Guest - Mathew Varghese

    about 4 years ago

    I am an NRI living in UK. I already got NRE and NRO demat account with icici direct. I got pis letter. I also got NRE HDFC bank account also. Whether you need another pis letter for hdfc bank. How to apply pis letter whether I have to contact HDFC branch. I am paying too much brokerage charges. How I can open an trading account with you.

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  • Guest - Vivek Nagarajan

    about 2 years ago

    Am an NRI , I wish to open 2 trading account with single pis account , is it possible?

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  • Shahab Khan

    about 2 years ago

    My name shahab Khan and I am New in this

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