General

Can I buy and sell shares on the same day in my NRI account (square off on the same day)?

No. NRIs are not allowed to square off (buy and sell the same stock on the same day) in the same settlement cycle.

• You can buy shares on a trading day, but you cannot sell those same shares on the same day, as intraday trading is not permitted for NRI customers.
• Shares must first be credited to your DEMAT account after settlement. Only after delivery is received in DEMAT can the shares be sold.
• You cannot sell any shares that are not already available in your DEMAT account.
• Buying and selling the same stock on the same day or in the same settlement cycle is not possible, even if you hold multiple NRI accounts (NRE/NRO, PIS/non-PIS).
• However, you may buy one stock and sell a different stock on the same day, provided the shares being sold are already available in your DEMAT account.
• NRIs must follow a delivery-based trading approach - buy first, wait for shares to be credited to DEMAT, and then sell on a later date.