Can NRI open NRO Non-PIS Trading and Demat Account with Prostocks?

Yes, NRIs can open NRO Non-PIS accounts with the broker. The Non-PIS account can be used to trade in stocks, to sell IPO shares and shares bought when the NRI was Indian Resident. The Non-PIS account is also useful in investing in Mutual Funds and trading in equity derivatives (F&O) on a non-repatriable basis.

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