Stock Investments via NRO/NRE accounts

[rmJU72]

Hey guys, I’m contemplating leaving a sum in Indian stock market for long term(MFs/index funds type)

It looks like it’s possible to invest via NRE/NRO accounts. Has anyone done it? Can you share which bank you are using and experiences and any gotchas.

[aiteok]

i have created zerodha account as local, but using NRO account for transactions since 2 yrs now

so far no issues.

[Konebhar6]

1 hour ago, aiteok said:

i have created zerodha account as local, but using NRO account for transactions since 2 yrs now

so far no issues.

Zerodha policies have changed now. You can't open accounts online. I think same with ICICI. 

@rmJU72 Next time you go to India, Open an NRI account. Zerodha is the best one available. ICICI also allows NRI DMATs. Axis does not.

[rmJU72]

5 hours ago, Konebhar6 said:

Zerodha policies have changed now. You can't open accounts online. I think same with ICICI. 

@rmJU72 Next time you go to India, Open an NRI account. Zerodha is the best one available. ICICI also allows NRI DMATs. Axis does not.

Originally I was inclining towards something that a bank would also provide so that I don’t have to maintain accounts with multiple banks. 

I will look into zerodha as well, thank you!

[aiteok]

7 hours ago, Konebhar6 said:

Zerodha policies have changed now. You can't open accounts online. I think same with ICICI. 

@rmJU72 Next time you go to India, Open an NRI account. Zerodha is the best one available. ICICI also allows NRI DMATs. Axis does not.

Bro i have created account online as a resident, I see in their website you can still create account online 

[Konebhar6]

13 minutes ago, aiteok said:

Bro i have created account online as a resident, I see in their website you can still create account online 

They changed their rules for NRIs bro. I had some issues last time and they said they can only help if I come down to their office