The following are the online and offline account opening charges for NRE and NRO Trading and Demat Account of NRI with ProStocks:
For Equity Intraday Trades:
Equity Intraday Trading is now available to all NRI customers through NRO NON-PIS account. This segment is by default activated for all NRI customers.
- Brokerage: Flat Rs 100 per executed order
- Demat Charges: Nil
- Withholding Tax: 30% plus surcharge (effective rate 31.2%)
Key points to note
- Equity intraday trades are only available through NRO NON-PIS Account. It's not available through NRE PIS Account.
- No activation needed for equity intraday trades.
For Equity Delivery Trades:
Your account opening is Free. Your Trading and Demat Account is lifetime AMC Free.
ProStocks will open your NRE and NRO Trading and Demat Account for free. Your Trading and Demat Account will also be lifetime AMC (Annual maintenance charge) free. We collect Rs 1000 refundable deposit towards Demat Account.
For Equity Futures and Options Trades:
Your account opening is Free. Your Trading and Demat Account is lifetime AMC Free.
ProStocks will open your NRO Trading and Demat Account for Free. Your Trading and Demat Account will also be lifetime AMC (Annual maintenance charge) Free. We collect Rs 1000 refundable deposit towards Demat Account.
You are no longer required to open custody account with ISSL or anyone when you do equity derivatives trades with ProStocks. You will save a significant amount, which you were required to pay to Custodian. ProStocks will take your CP code from the exchange which will allow you to trade equity derivatives at NSE as well as BSE.
