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Online Demat for NRI

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  #1  
Old 22nd November 2006, 04:27 PM
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Default Online Demat for NRI

Hi,
Some banks state that it is not possible for NRI in US to trade in Indian markets. Is there any RBI/SEBI restriction? Can NRI open demat in India? Can US citizens open demat in India?
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Old 22nd November 2006, 09:50 PM
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Default Re: Online Demat for NRI

Praveen,
NRI (except from US)can open demat account in indian markets.this may be due to banking regulation in US
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Old 6th December 2006, 10:49 AM
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Default Re: Online Demat for NRI

Hi All,

Are aware of any good brokers who is providing services to NRIs?

I tried indiabulls, they provide service to resident in Gulf countries only.

Regards,
Kapil
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Old 6th December 2006, 11:35 AM
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Default Re: Online Demat for NRI

Kapil,
You can try ICICI if you are from other then US. they provide online facility , but there brokerage is quite high compared to others
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Old 7th December 2006, 04:02 PM
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Default Re: Online Demat for NRI

try www.jvfinancial.com. they advise how u can open demat account and trade from US. rule is that u cannot trade online , but over phone, email sms etc it is allowed. impossible for anyone to verify if u actually trade online though.
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