NRI

I recently went down a rabbit hole exploring what it really costs to trade Indian stocks as an NRI. I was not switching anything, just wanted to understand where my money goes. Here is the short version. The account maze As an NRI you do not just open “an account.” You end up with layers: NRE / NRO are the bank accounts. NRE holds money from abroad and is repatriable. NRO holds income earned in India....

If you are an NRI who has tried to invest in India, you have probably hit a wall of confusing terms: PIS, non-PIS, NRE, NRO, primary, secondary. It feels like bureaucracy for its own sake. It is not. Underneath all of it sits one clean idea, with a monitoring layer stacked on top. Once you see the structure, the whole thing clicks. The one idea underneath everything: primary vs secondary Every security lives in one of two markets, and the difference is simply who you are buying from....