Do I need to open a bank account in the US to fund the brokerage account?

Do I need to open a bank account in the US to fund the brokerage account?

You do not need to open a bank account in the US to fund the brokerage account. You can transfer funds from your Indian Bank Account.

Currently, ICICI is the only bank, providing an online remittance service for the purpose code S0001 (Indian portfolio investment abroad in equity shares).

Rest with all other banks, the process is offline. Please follow the instructions given under “Fund your account” section

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