NRI trader from abudhabi

#1
I am in Abudhabi, I wish to start trading with Zerodha being a discount broker.I have pancard, federal bank nre a/c and Axis NRO account.New to share trading and i want to check my ability in share trading help me on this matter
 

Reggie

Well-Known Member
#2
Utiatm,

RBI regulations have made it almost impossible to to open a trading account as an NRI. You cannot trade options or futures. You can only buy and hold, even intraday shorting is not possible. Not that you cannot open an account, but on every profitable trade, there will be TDS deduction. Best is to open and remit funds from an ordinary account when you are in India.

Good luck.


I am in Abudhabi, I wish to start trading with Zerodha being a discount broker.I have pancard, federal bank nre a/c and Axis NRO account.New to share trading and i want to check my ability in share trading help me on this matter
 

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