Can an OCI (who is not a US citizen), and living and working, paying taxes in India open a normal trading account ? As per RBI anyone residing in India for more than 180 days is a resident of India. Does anyone know how does SEBI look at this ?
To open a normal trading account in India you will need to be
1) A resident ( which you are ) and need the following documents:
2) An Indian Bank Account.
4) A PAN card.
3) 6 months most recent banks statement.
4) Indian Issued Identity cum Address Proof document.
5) An accountant to make tax filing easier.