Hi dear NRI's
i know its being very difficult to gather all info and rules about how to start trading(Investing) into the Indian share markets.
To have the complete info please visit the NRI Section of the website.
and come back here to give your comments and valuable suggestions.
Thanks and Regards
Team
www.theequitymarkets.com
hi
ReplyDeletei'm thankful to your for such a great article, it helped me a lot in opening my Demat account in India
Kind Regards
jagdeep
Thanks for such useful information.
ReplyDeletehello Mr jagdeep and mr suresh
ReplyDeletethanks for your appreciable comments, please keep visiting here for new additions about the share markets and investing.
Regards
Team
www.theequitymarkets.com
I am NRI, I have both NRE and NRO account. I have gone through your article and it helped me lot to understand the difference between different accounts.
ReplyDeleteI want invest in share market so i want to open Demat account for trading. I am confused whether i should open Demat with NRE or Demat with NRO account. I want to know the advantage/disadvantage of having Demat account with NRE and NRO. Which one os better option, Demat with NRE or NRO? I am also bothered about the tax deduction on the interest/money earned from trading. Please clarify.
Hi Sunil Sir
ReplyDeleteThanks for visiting and appreciating my NRI share investing Section including details of NRE NRO and FCNR accounts.
Sir see both these accounts have their own rules and regulations which are in many cases very differ to each other.
But to start trading preffer NRE account as NRO accounts are taxable.
And to open a NRI demat account prefer SBI or HDFC because their CC is good for NRI dealing and sort outs problem soon.
Feel free to ask.
Regards
Alok Aggarwal
Hi Alok,
ReplyDeleteI have DEMAT Account and till now I was doing Trading using my HDFC Savings bank account for transferring funds to DEMAT. Now that I have become NRI and I have not changed any of these and can I still trade the shares the same way or should I change the DEMAT and Savings account to NRE or NRO accounts. I wanted to Invest in Coal India and if you could let me know whether I am eligible to invest using the present accounts. Thanks, Joe
Hello Mr Reddy
ReplyDeletesorry for this delayed reply.
Sir you can continue with this account without any problem.
and you are eligible for every kind of investment made through any channel in India.
Kind Regards
Alok S Agrawal
Thanks for posting this informative article. Will appreciate if you can clarify one doubt. I have NRI status since last 3 years and continously remmitting funds to India to my HDFC Savings Account. I never converted my Savings Account to NRO. I have earned interest income aswell from Savings Account and FD. Let me know if can continue to have Savings Account and can open new FDs? I want to settle in India in future and no intention of repatriation.
ReplyDeleteThanks in advance.
Hi Mr Ganesh
ReplyDeleteSir you can retain the bank account and enjoy the great saving rates given to the Indian Clients.
Kind Regards
Alok S Agrawal
Awesome topic for learning. Thanks for the post.
ReplyDelete