Wednesday, 7 September 2011
Learn How Nris Can Do Online Trading in Indian Shares – Stocks?
With the onset of technology and its augmentation, everything today has become ‘online’ and this includes trading! All non-residents today trade online. Almost all the registered brokers today offer Online Trading facility in Equities for non-residents.But of course, there are certain prerequisites for being able to trade online. The non-resident must have/open: 1. Bank account with a Portfolio Investment Scheme (PIS) Designated Bank (DB) 2. Demat account with broker 3. Broking account with broker.Before proceeding further, let us tell you what exactly all these accounts are.PIS Account: Portfolio Investment Scheme, better known as PIS, account is mandatory for all Indians living abroad, and enables
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