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How can NRIs apply for IPOs?
1. ASBA Option:
This option is available through the net banking login of your NRE/NRO bank account.
Ensure you select the correct...[details »] |
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Can NRIs apply for IPO?
Yes, NRIs (both NRE PIS and NRO Non-PIS account holders) can apply for IPOs.
Applying for an IPO through ProStocks is completely free.
Note...[details »] |
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Can NRIs do intraday trading?
Yes, NRIs can now do intraday trading in Equity as well as Futures & Options segment through their NRO NON PIS Trading & DEMAT account with ProSto...[details »] |
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PoA of Demat vs E-DIS for NRI Clients
E-DIS Advantages and Disadvantage for NRI Clients
ProStocks is the first Brokerage House in India to get approval for E-DIS (Read more about ...[details »] |
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Process for shifting NRE Trading and Demat Account from Existing Broker to ProStocks, when there is no change in PIS Bank :
Write to your Present Stock Broker for providing you Close and Transfer Instruction Form for the closure of Demat Account and keep ready. It will ...[details »] |
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Process for shifting NRE Trading and Demat Account from Existing Broker to ProStocks and NRE PIS Bank Account from Existing Bank to IndusInd Bank.
Open NRE Savings and PIS bank Account with IndusInd Bank. ProStocks will coordinate the opening of your NRE Savings and PIS Bank Account with IndusI...[details »] |
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How long does it take to withdraw funds from ProStocks NRO Non-PIS Trading Account?
I have NRO Non-PIS Trading Account. How long does it take to get funds back in my bank account?
Fund Payout request can only be placed through Tradin...[details »] |
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Why I am not able to do Fund Transfer using Payment gateway from my Kotak bank NRI (NRE or NRO) Savings Bank Account?
Why Kotak bank blocks fund transfer through a payment gateway for it's Bank Account of Non-Resident Indian (NRI)?
Why fund transfer through payment g...[details »] |
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Can I invest in Currency Derivatives in India as a NRI?
As per the recent circular by RBI Non Resident Indians (NRIs) are now permitted to have access to Exchange Traded Currency Derivatives (ETCD) market i...[details »] |
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What are the investment options available to NRIs in India?
NRIs can purchase shares or convertible debenture of an Indian Company, invest in Exchange Traded Funds (ETFs) and trade in Futures & Options Segm...[details »] |
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Do I have to sell all my shares in my NRE account if my status changes from NRI to resident Indian?
You are not required to sell your holdings when your status changes from non-resident to resident or from resident to non-resident.
You just need to ...[details »] |
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Can I have more than one stock broker linked to my NRO Saving Account?
ProStocks Now offer NRO Trading and Demat Account without NRO PIS Bank Account i.e NRO Non-PIS Trading and Demat Account. This account can be used for...[details »] |
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I am a NRI. How can my Investment in India be tax free?
Is long term gain from equity are taxable for NRI?
Resident Indian, Non-Resident NRE Trading and Non Resident NRO Trading are subject to Short Term C...[details »] |
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How my withholding tax will be calculated if I go without NRO PIS account?
FEMA has been amended however Section 195 of Income Tax Act has not been amended and it requires deduction and deposit of withholding tax. Traditional...[details »] |
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What are the advantages of opening NRI Trading Account with ProStocks compared to other Discount Brokers?
The advantages are many:
Equity Intraday Trading is now available to all NRI customers through NRO NON-PIS account.
ProStocks charge Rs 100/- per ...[details »] |
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How do your resources helps for beginner in NRI trading?
Our Promoter Mr S P Toshniwal has more than 2 decades of experience serving NRI Clients. We tried to cover most of the NRI questions in our FAQ sectio...[details »] |
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Which bank I can have my NRE account for easy and quick fund transfer?
We support the following NRE PIS Bank Account for NRE Trading and Demat Account :
Yes Bank
Axis Bank
HDFC Bank
IndusInd Bank
...[details »] |
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Can I have primary account holder as my mom (resident in India) and secondary account holder as me? How does it affect the tax rate?
No. In Depository Account, Status and Sub Status is captured of First Holder Only. There is no option in the software to capture status and sub status...[details »] |
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What is the tax rate for the Non Resident on long term equity or ETF?
Prior to 1st February,2018
All long term equity and equity linked investment (like ETF) sold on recognized Stocks Exchange (BSE and NSE) through Stoc...[details »] |
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What is the advantage for NRI over the resident?
NRI does not have any advantage over Resident Indian except money brought-in in foreign currency and invested through PIS route can be taken abroad po...[details »] |
