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Indian markets have entered the global scenario and a large number of people are aware of the benefits of investing in the same. Among many others, there are a large number of NRI’s who wish to invest their hard earned savings in the Indian market. This gives them an extra additional income that proves to be extremely attractive and beneficial to almost every individual. All you need to do is research well and have all the required information about different plans you wish to invest in. for NRI’s who find the prospect of investing in the Indian markets extremely desirable, there are a number of NRI depository services plans they can avail of. If you are an NRI, and are looking forward to investing in the Indian markets, there are a couple of things you need to keep in mind before you invest in NRI depository services. A few of them are mentioned here. Firstly, they one needs to know that if you are an NRI, you are not given a choice to buy shares on a particular date and sell them on a later date. You have to do both on the same day compulsorily. Also, under no circumstances can you gift your share to someone else or transfer the same to another individual. However, if you necessarily have to do so, you will need written permission from the RBI to carry out these transactions. Those opting for NRI depository services have to have a PINS account. They cannot hold different accounts in a number of banks since it is against the rule. Owning a PINS account gives the person permission to carry their trade in the Indian stock market. The NRI must however, have two separate accounts to carry out their personal transactions and to deal with the trade market. Before entering the world of the Indian stock markets, NRI’s have to procure a couple of documents that are essential. They cannot avail the NRI depository services without these documents. These documents include passport, visa copies, address proof overseas, PAN card etc. Also the broker who will take care of their investments on their behalf requires a power of attorney. A number of NRI’s have benefitted from this service and will continue to do so.
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NRI depository services, Depository services India, Share Trading India, Share Trading Company India, Futures and Options trading India, E broking,
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