JUST POSTING THE BELOW EMAIL CORRESPONDENCE I HAD WITH A BROKER.. I get the impression from below that equity intraday is allowed.... BUT I WILL CHECK MORE WITH THEM...
On Fri, Feb 1, 2019 at 8:18 AM NRI Support wrote:
Dear Sir,
Good Day!
Please find the below response for your reference :
Can you please advise if you provide trading in equities / futures / options /
currencies and commodities also for anyone having NRO account ??
NRI are eligible to trade in equity/ futures/option and mutual funds only.
Also can i do intraday trading and BTST (Buy Today Sell Tomorrow) ??
Yes sir you can do intraday and BTST also.
If yes, please provide details of charges and also margins provided.
For equity its is 0.3% on total volume , Futures & options its a flat brokerage Rs 1499+ GST per month, for investing in mutual funds there are no charges.
Please feel free to contact us for further assistance.