Rationale of overseas trading facility offered by RISPL
Under Liberalized Remittance Scheme of Reserve Bank of India, Resident Individuals are allowed to remit up to USD 2,00,000 in a financial year (April to March) for any current or capital account transaction or combination of both. Under this scheme RISPL has facilitated its customers to invest in various Stocks and Options that are traded on the exchanges in United States of America.
Customers of RISPL are eligible for this service
All resident individuals are eligible to avail this facility. This facility is currently not available to corporate, partnership firms, HUF, Trusts, and NRIs etc.
