Local Broker
to Global Indians
Sushil Finance has a specialization in NRI servicing for over two decades now. We have been providing services to our NRI clients for Investments in Equities, IPOs & Mutual Funds. With 579 Clients and a corpus of Rs.466 Crore, we have been catering to investors spread over a wide geography covering the US, UK, Singapore, Dubai, Australia, Bangkok, Saudi Arabia, Canada.
Products Offered to NRIs
Equity Trading on BSE & NSE
Investments in Mutual Funds
Investment in Primary Market
Other incidental services
Process Guidelines for NRIs
An NRI can operate either on NRE (Repatriable) or NRO (Non-Repatriable) or on both NRE & NRO status. He should open an NRE / NRO – PIS A/c (Portfolio Investment Scheme A/c) with the same branch of the bank.
He should apply for an RBI approval to invest in the Indian Stock market through his designated bank branch.
NRIs can have only one PIS A/c at a time with any bank in India.
Applicable Short-Term or Long-Term Capital Gains Tax, as per prevailing rates, will be deducted by the bank.
All the primary market transactions are routed through a normal NRE/NRO – Savings A/c.
NRIs cannot do day trading & short selling.
Only delivery based transactions are allowed.
NRIs can trade in equity derivatives only through NRO-Savings Account.
NRIs cannot trade in Currency derivatives
Funds can be remitted from an FCNR or NRE A/c.
To Know More
Give a Missed call on – 08045936028
+91-22-40934038 / 71 / 73
Mon to Fri - 10.00 a.m. to 6.00 p.m. (except public holidays)
FINANCE WECONNECT to 56161
weconnect@sushilfinance.com
