Did you know that every Indian resident is permitted to remit up to US$ 250,000 every financial year by the Reserve Bank of India under the Liberalised Remittance Scheme?
Watch the webinar to learn more: https://register.gotowebinar.com/register/7829551218080568834
Per https://rbidocs.rbi.org.in/rdocs/content/pdfs/03MD11022016_AN.pdf, you would need to select the purpose code S0001 I.e. Indian Portfolio Investment abroad in equity shares under the purpose group Foreign Portfolio Investments.
The limit prescribed by the Reserve Bank of India is US$ 250,000 per financial year per individual. This limit is subject to change by the RBI and is available on RBI's website.
The RBI's liberalised remittance scheme allows Indian residents to remit money abroad for various purposes, details are available at https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10192&Mode=0. In your account with Interactive Brokers, you can invest (shorting is not permitted) in stocks, ETF's, and bonds listed on over 100 markets across 26 countries. Margin trading is not permitted.
The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options".
Your capital is at risk and your losses may exceed the value of your original investment.
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.
Cryptoassets are unregulated in the UK. Interactive Brokers (U.K) Limited ("IBUK") is registered with the Financial Conduct Authority as a cryptoassets firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.
Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.
For a list of IBG memberships worldwide, see our exchange listings.