I used Indmoney. I am also going to use Groww and see if it is better.
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Exactly. I am unable to understand why they are so adamant on sorting the pricing first , rather than releasing the product with current/higher rates for the customers who are ok with higher transfer costs and ready to take it up.
Lowering the cost impact will definitely attract more users, but that could be taken up in 2nd phase.
I was hoping to see some sort of positive progress on this by mid-2021 but that doesn’t seem to be like the case.
@siva-reddy , can you please provide some better picture and status on this, so that no one keeps on waiting here. Only reason I wanted to go for Zerodha was to avoid managing multiple accounts and better have consolidated account. Also I like the Kite interface 
But again if there is nothing concrete planned or decided yet and there is no roadmap, then it will be better to not wait any longer. Its already been 1 year since tracking this thread and hoping for some good news. 
With current Remittance rates there may be just few hundreds of clients who will be interested but the efforts from our end will be huge, so unless we address remittance costs and able to serve large retail market we may not offer this, also currently there are many funds/etf which can give exposure to US markets but if one want to buy specific stocks they can do on other broking terminals and we are not giving any ETA for this now.
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Rather than guessing number, please try running some poll somewhere 
We got numbers from already who are providing and extrapolated with ours.
Understood. But won’t “preparing a beta plan with current costs and opening it to existing members for sign up (without actual product)” will be better approach to get exact idea?
You can always discard the plan if interested number is below a certain threshold.
Also a final question on this topic, in case the remittance part doesn’t get resolved (costs don’t get lower) then this module will never get materialized. Is this correct understanding?
How is Vested doing it then? I never tried their platform (being a hardcore zerodha fan ), but i see they are doing it.
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What are the remittance charges? I mean to do payin and withdrawal?
The remittance charges issue is being faced by them as well. Their CEO tweeted about it a few months back.
https://twitter.com/ViramShah8/status/1374615345680412673
The Twitter thread they replied to contains some rough calculations about the breakeven point for one’s investment when taking into account remittance charges -
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I came across a bank called Aeldra Bank which allows Indians to open US bank accounts. On their website they mention that they are in compliance with LRS regulation. Payin requires normal charges (as International wire transfer needs to be done) but for withdrawal they utilize Wise (formerly Transferwise) and hence there are minimal charges and currency conversion rate is also favorable. Could something like this be used for reducing remittiance fees or is this bank operating in some kind of regulatory grey area?
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We checked with many banks and swift charges can’t be avoided, anyhow will pass this to concerned team to check. We are working on different process.
Btw we have already had a word with that bank
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Have you checked this fintech startup called NiYo? I have used their debit card for paying for my education in GBP a lot of times. They have no currency conversion charges/amc.
The exchange rate they use is the one mentioned on the visa website at the time of transaction (have verified it myself).
Just see if you guys could collaborate?
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Hi @siva-reddy , whenever zerodha enables US equities, will the investments be trackable in console? or will it be a separate platform?
Zerodha
Console itself.
Hi Siva,
Went through the entire thread and aware of the issue zerodha is trying to solve for.
But as things stand, is Zerodha ay closer, or any firm timelines yet?
Believe we should offer before this year end only.
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@siva-reddy NSE IFSC to introduce trading in US stocks. NSE IFSC To Introduce Trading In Select US Stocks
The article mentions that depositories, banks and brokers have already started working with NSE IFSC to enable these investment products for Indian investors.
So US investing on Kite will come via NSE IFSC?
Thanks for posting this. I came to this thread right after finding it.
@siva-reddy - While this is still new and more details might come in later, do you think this is a potential option? or are you closer to resolving the issue some other way?
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We are working on something, can’t confirm anything as of now.