Tips on NRI Share Trading

April 12, 2023 1

Tips on NRI Share TradingTips on NRI Share TradingNowadays, NRI share trading has become the most popular way of multiplying money for Non Resident Indians (NRI).

SMC Trade Online advice some tips on NRI share trading services in India for hassle free share trading by NRI customers

Tip 1 : KYC Required for NRITip 1 : KYC Required for NRI

An NRI is supposed to submit all his identity verification documentations:

1.Passport copy that must contain photo

2.Indian Address Proof

3.Date of Birth proof

4.Overseas Address Proof (correspondence or permanent)

April 12, 2023 2

Hassle Free Tips for NRIs Share TradingHassle Free Tips for NRIs Share Trading

Tip 2 : The CurrencyTip 2 : The Currency

NRI share trading currency has to be in INR.

Tip 3 : Bank AccountTip 3 : Bank Account

An NRI must open any of the Indian bank accounts:

1.Non-resident external rupee account

2.Non-resident ordinary rupee account

3.Foreign currency non-resident account

April 12, 2023 3

Hassle Free Tips for NRIs Share TradingHassle Free Tips for NRIs Share Trading

Tip 4 : Fund TransactionTip 4 : Fund Transaction

The amount to be invested in share trading can be directly debited from an NRE account

Tip 5 : Tax Liabilities Tip 5 : Tax Liabilities

An NRI is liable to pay TDS while investing in stock Trading as per Indian taxation law.

April 12, 2023 4

Hassle Free Tips for NRIs Share TradingHassle Free Tips for NRIs Share Trading

“SMC allows any NRI to easily trade with share in India“

For Hassle free tips on NRI share trading call our experts at 1800-110909 (Toll Free)

Corporate Office:SMC Global Securities Ltd.11/6B, Shanti Chamber,Pusa Road, New Delhi-110005Tel.: 91 11 30111000Fax: 91 11 25754365E-mail: [email protected]