Anyone doing Investment Accounts through NRI banking through India based private banking? Was told about very good returns in India but been frustrating opening Investment accounts...

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As US based NRI, you can open demat and trading account but you cannot do online trading. You will have to call and get the order in. I found it frustrating, so closed it

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What do you mean by investment account?

Try yes Bank. They have good customer service and effectively the best interest rates. Kotak is next

Try Icici ulip elite designed for NRI

Also you can use ICICI Bank with ICICI direct. Make sure you get most of the trading previledge including options

I have one with SBI, linked to my NRE account

ICICI Direct is illegal, right? They don't have an account for NRIs but only for resident Indians

Lol that's not true. They have account with for non-resident.

EY1- Are you sure? Was doing some research and even the ICICI Direct guys mentioned that US Residents are not allowed to trade directly.

You can't open from US. But you can open from India. I do have it Pro and non pro account

On Icici direct you can do it as you do in India. Though there are some restrictions on instruments.

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