Hello,
My Present resident status is NRI and would like to invest in the share market
Currently I have NRO and NRE Account and already applied for PAN CARD.
if i need to open a Demat account do I need to open only
1. DP account and 2. NRO-PIS account ?
Also, I dont wish to do an Online trading , the purpose is only to invest in shares.
If I open a PIS account what will happen to my NRO and NRE account ?
Do I Need to cancel my existing NRO/NRE account if I open PIS account ?
and then i can only send External income/money to the PIS account instead of NRE account ?
Is there any Demerits for a PIS account ?
is that ok to conclude, If an NRI wants to invest in Indian share, he has to open NRO account, DP account and PIS account and Pan Card ? is ther any other account want to be opened ?
Please advise and correct me ..
Thanks
My Present resident status is NRI and would like to invest in the share market
Currently I have NRO and NRE Account and already applied for PAN CARD.
if i need to open a Demat account do I need to open only
1. DP account and 2. NRO-PIS account ?
Also, I dont wish to do an Online trading , the purpose is only to invest in shares.
If I open a PIS account what will happen to my NRO and NRE account ?
Do I Need to cancel my existing NRO/NRE account if I open PIS account ?
and then i can only send External income/money to the PIS account instead of NRE account ?
Is there any Demerits for a PIS account ?
is that ok to conclude, If an NRI wants to invest in Indian share, he has to open NRO account, DP account and PIS account and Pan Card ? is ther any other account want to be opened ?
Please advise and correct me ..
Thanks