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What are transactions that can be done in an NRI Trading Account / Demat Account if PIS Bank account details are not submitted?

April 26, 2017account bank account demat NRI PIs submitted trading transactions

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What are transactions that can be done in an NRI Trading Account / Demat Account if PIS Bank account details are not submitted?

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NRIs / PIOs can do the following transactions if a Trading account is opened without PIS permission: a) Investment in Mutual Fund in NRE and NRO status b) Investment in Initial Public Offer in NRE and NRO status c) Investment in Futures and Options in NRO status d) Dematerilasation and sales of Physical Share Certificates e) Exercising and Selling of Shares acquired in Promoters Quota or ESOP allotment To do the above transaction all the client has to do the provide the SB NRI Bank details along with the proof overseas address, PAN and Passport copy.