Hi ,
With the arrival of NRO NON-PIS accounts, I have questions on the following:
- NRIs cannot pledge their holdings while trading to obtain margins.
->> any idea why is it so? , NON-PIS account is as good as resident account. Is there a remote chance for this to be enabled for NRO? why should NRI pay from the pocket for margin when there are equities that can be pledged? - NRIs cannot trade both Equity and F&O simultaneously.
->>This is also looking like a strange rule. By any chance , is there any remote chance for this to be enabled for NRI?
Please clarify.
Thank you very much for the clarifications. Are you aware of any ETA for this to be available in Zerodha?
Or is there any broker in India who has already done this?