INDmoney Referral Code - Open a Free US Stock Investment Account from India - Coupon Ki Dukaan

Monday, May 20, 2024

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Best App for Invest in US Stocks from India

INDmoney Referral Code |

INDmoney - Best App for Investing in US Stocks from India

INDmoney makes it simple for anybody in India who wants to start trading in US equities. Through the seamless interaction with their banking and broker partners, you can start trading without incurring any account opening or withdrawal fees. Opening a US stocks account with INDmoney takes less than 3 minutes.

Benefits of Investing in US Stocks

  • Portfolio diversification
  • Profit from the Dollar's Appreciation
  • Returns are higher than in Indian markets.
  • Investing Opportunity in High-Potential Companies

What documents is needed to invest in US stocks?

  • Proof of Identification (PAN, Aadhaar etc)
  • Proof of address (Aadhaar, Voter ID etc)

What are the fees & charges for the US Stocks account?

  • Zero account opening charges
  • Zero annual maintenance charges
  • Transfer Charges: Free US Stocks Withdrawals into your Federal Savings Account | $5 Withdrawal toward other bank accounts
  • 0.15% brokerage on your US Stocks trades

Is it legal for Indians to invest in US stocks?

Yes. The Reserve Bank of India regulates investment in US stocks under the Liberalised Remittance Scheme (LRS). This arrangement allows you to remit up to $250,000 as an Indian national in a fiscal year. In the purpose code S0001, investment in US equities is categorised as Foreign Portfolio Investments, i.e. Indian investment abroad - in equity capital shares. Every year, lakhs of Indians send more over $15 billion overseas under the RBI's LRS system.

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