Holding a NRO PIS account?
You do not need it anymore! Earlier PIS account was mandatory for both NRE and NRO investments but RBI had subsequently relaxed norms for NRO investments by removing PIS concept. We soon after made it real for our NRO customers. Sometimes, PIS charges on NRO investments jump as much as 800 on a day when purchases above 3 lakhs and Sale above 3 lakh are made. This is a straight Savings. So, If you are holding a NRO Savings bank account, you may straight away open a Trade and Demat account with us and start transacting. This is not all. You can do Intraday trading, Buy today Sell tomorrow and avail funding facility for NRO investments.
We also help in remitting funds back to your foreign country with the help of Auditors. Request a Call
Holding a NRE PIS account?
PIS is mandatory here as investments in NRE mode need to be routed through a PIS account. You may just open a Trade and demat account with us and link your existing PIS account for investing / Trading.
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Here are the Easy steps to open account
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We were one of the few Stock Brokers in India who launch Online Trading facility for Non Resident Indians (NRIs ) in the year 2000. Today we have the patronage of NRIs, PIOs and OCIs residing in countries such as UAE, Singapore, United Kingdom, Canada, USA, Australia, New Zealand, Malaysia, South Africa, Nigeria and Saudi Arabia,Read more.
Trading and Demat Account can be opened in a day if all required documents are in order
If you have Aadhaar and carry an Aadhaar linked mobile number with you, you can open a trading account online and send POA later to enable selling facility.
If you are already registered with a financial intermediary for any service, it is more likely that you are registered in KRA. In such case, you may just provide us the account opening form and need not provide any of the above said supporting documents.
It depends from Bank to Bank. The charges could be as high as Rupees 1200 per day if you buy and sell above 3 lakhs each side.
It is mandatory in case of NRE investments. However, to invest in NRO mode, PIS is not required any more. All that you need is a Trading, Demat and NRO Bank account.
No, investments in Mutual Funds and IPO are considered as Primary market investments. Infact, investments in ESOP (Employee Stock Options) are also considered as Primary market investment and Primary Market investments should not be routed through a PIS account. Hence, if you want to open a NRE account only to invest in IPO, MF or to get ESOP shares allotted, you then do not need a NRE PIS account.
No, one individual can have only one PIS account. If you want to shift your PIS account from one bank to another, you will be required to close your existing PIS account and then initiate new PIS account opening with your preferred bank.
Yes, we do help you to take funds back to your country of residence. We assist you to get the required Auditor’s certificate, remit funds abroad and even to the end of filing returns.
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"I am an NRI customer of Tradesplusonline for more than a decade and very satisfied. I have always received prompt and high-quality service from Tradeplus. I am also very happy with the service I have received from them regarding the timely stock purchase as well as the sale of quality companies leading to profitable trades. I am very happy to recommend Tradeplus."
"Proud to be associated with Tradeplus, being One Stop Solution for Seamless Investing experience of Stocks with Positive Inputs and Dynamic action. Regards "
" I wish to compliment Tradeplus' unparalleled support and help for handling accounts for benefit of busy NRI clients like myself, who get immeasurable helping hand in Investment portfolio. I wish you all the best for your endeavors which will help us in future financial growth. Thanks very much for excellent services as always. "
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