Leading Indian brokerages gear up to offer seamless access to global stocks via GIFT City

Leading Indian brokerages are registering with GIFT City to offer Indian investors seamless access to global stocks such as Apple, Nvidia, Tesla and SpaceX. Investors can participate under the RBI's Liberalised Remittance Scheme, which allows up to $250,000 per financial year, with brokerage charges of around 25 basis points and forex conversion fees of 1 to 1.5 percent. Trades on GIFT City exchanges do not attract Securities Transaction Tax, though investments under LRS are subject to Tax Collected at Source at 20 percent.