registered trading member and complete the kyc requirements complete documentation for liberalized remittance scheme lrs with the bank transfer us dollars from hisher bank account to the trading members bank account in gift ibu confirm that broker has given credit to his account start trading nse ifsc receipts on nse ifsc platformcan a trading member avail the lrslrs is not available to corporates partnership firms huf trustsis intraday trading allowed is short selling allowedyes intra day trading is allowed in nse ifsc receipts however in respect of indian retail investors intra day trading is allowed provided the investor will not be permitted to take any positions execute any trade which would exceed the overall lrslimit of usd 250000 per financial year each transaction is adequately backed by the entire transaction value sell transactions should be either backed by nse ifsc receipts or should be a sell transaction againstan open buy position created during the dayshort selling of nse ifsc receipts by the indian retail investors will not be permittedwhat is the settlement cycle of nse ifsc receiptsall nse ifsc receipts that are bought and sold on nse ifsc platform shall be settled through nse ifsc clearing corporation limited nicclthe settlement of funds and nse ifsc receipts shall happen on t3 daywhich type of bank account is required by the investor to remit funds receive any paymentsthere is no specific requirement for a bank account to be held by the investors investors can either open a dollar account with any of the banks operating from ifsc region or can use their domestic inr account to remit or receive any payments from the brokerwhat are the potential risks for an investorinvesting in nse ifsc receipts carries risks some of the significant risks are as follows1 general price and volatility risk2 risk of illiquidity 3 underlying share risk4 risk of cancellation and termination of the nse ifsc receipt5 tax risks6 other risks such as force majeure changes in law settlement trading etc trading holidaysmost trading holidays for nseifsc receipts on us stocks will be as per us trading holidays however some indian holidays have also been incorporated in 2022 holidays are april 15 good friday may 30 memorial day june 20 juneteenth national independence day july 4 us independence day august 15 indian independence day september 5 labor day october 24 diwali november 24 thanksgiving and december 26 christmas