The following are the activities carried out by the broker when you purchase a share:


a. The amount for trading is updated to our system trading based on the bankers file. Your Trading Account to the tune of the funds available in your PIS Bank Account gets updated. 

b. You purchase the required share with product code CNC where the leverage is 1 time. 

c. At the end of the day, the contract note for the purchase trade is generated and sent to the banker.

d. The banker will transfer the amount to our bank account debiting your account based on the value mentioned in the contract note. This generally happens within 2 days of the banker receiving the contract note from our end. Once the amount is received by us, we credit your trading ledger with the receipt of funds.


The following are the activities carried out by the banker when you purchase a share:


a. On receipt of contract note from us, the bank will transfer the exact amount as mentioned in contract note to us.

b. The banker will also enter the purchase details in their backoffice to keep track of purchase rate for tax deduction at the time of sale. 

c. The banker will report this transaction to RBI.


The following are the activities carried out by the broker when you sell a share:


a. As a NRI you are allowed to sell a share only if the same is available in your Depository account (Demat Account). The shares in your Depository account are automatically uploaded in the trading system.

b. To sell the share you need to select product type as CNC.

c. At the end of the day, the contract note for the sale trade is generated and sent to the banker.

d. We will transfer the amount to your bank account debiting your trading ledger based on the value mentioned in the contract note. This generally happens within 1 day of trade. 



The following are the activities carried out by the banker when you sell a share:


a. When contract note and funds are received by the banker from the broker, the banker will calculate the profit/loss on the transaction and deduct the applicable long term/short term tax and credit the balance amount in your bank ledger. This generally takes about 2 working days on receipt of contract note and funds from the broker.

b. The banker will report this transaction to RBI.