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.