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

• The bank shares your PIS Bank balance on a daily basis
• This balance is added to your ledger balance and uploaded in the Trading Terminal. This is your available balance at the beginning of the day. 
• You purchase shares with product code CNC based on the funds updated
• At the end of the day, the contract note for the purchase trade is generated and sent to you and to the banker.
• The banker will transfer the exact value of purchase value as per contract note from your PIS Bank account to your account with Navia. This generally happens within 1 working day 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:

• On receipt of contract note from us, the bank will transfer the exact amount as mentioned in contract note to us.
• The bank will also enter the purchase details in their software to keep track of purchase rate for tax deduction at the time of sale. 
• The bank will report this transaction to RBI.

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

• 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.
• To sell the share you need to select product type as CNC.
• At the end of the day, the contract note for the sale trade is generated and sent to the banker.
• 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:

• When contract note and funds are received by the bank from the broker, the bank 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 1 working day on receipt of contract note and funds from the broker.
• The bank will also report this transaction to RBI.