NRE Trading and Demat Account :

You need to keep balance in your NRE PIS Bank Account (do not transfer to ProStocks) for buying Limits/exposure/margin/balance, whatever name called for buying shares through your trading account with ProStocks.

ProStocks will update your trading account based on balance received from your Bank for Limits/exposure/margin/ balance, whatever name called, for buying shares through your trading account.

Please note that we receive only one file from your PIS Banker in the morning session. Hence any transfers you make to your PIS account during the day may not be captured in your banker's file sent to us and hence may not be updated in our RMS for margins. So kindly ensure that your PIS account is sufficiently funded the previous day itself.

Once you buy, ProStocks will submit one copy of your Buy Contract Note to your Bank. Your Banker will debit your NRE PIS Bank Account and credit to ProStocks bank account. Similarly, when you sell the shares, ProStocks will submit one copy of your Sell Contract Note to your Bank. Your Banker will debit ProStocks's bank account and credit your NRE PIS Bank Account, whichever may be the case minus tax liability if any.

RBI reporting is not required for NRO Invest bank Account after February 2016 but compliance of Section 195 of the Indian Income Tax Act, 1965 with regard to withholding tax (TDS) is required.

NRO Trading and Demat Account for Equity Intraday, Equity Delivery as well as Equity Futures and Options:

For Pay-in to your trading account - Funds Transfer from Client Bank Account to your trading account with ProStocks can be done via two ways:

You would have come to know the answer to the following question:

How would I transfer money to NRI trading account?

How would I transfer money for NRO Trading?

How would I transfer money for NRE Trading?

How can you transfer funds to NRI trading account?

How can you transfer funds for NRE Trading?

How can you transfer funds for NRO Trading?