Transaction Reporting:

• Each time you purchase or sell stocks in your NRE Trading account, we, as your broker, report these transactions to your PIS bank. The bank, in turn, reports them to the Reserve Bank of India (RBI) and registers the details in their records. In the case of sale transactions, the bank also calculates the gains or losses, applies the relevant taxes, and deducts tax at source.

PIS Transaction Charges:

• Account Opening Charges: Fees charged by the bank to open your PIS account.
• Annual Maintenance Charges: Annual fees for maintaining your PIS Bank account.
• Processing Charges: Fees for processing transactions in the secondary market, debited on the days you transact.

Bank-Specific Charges:

• These charges vary depending on the bank. For the latest updates, it’s advisable to visit the NRI section of the respective bank’s website.