Hi howardroak can you please tell me which broker you are using ? i hope the broker you are saying has this kind of local deposit method which can be done from india.
I use Hantec Markets for higher acc sizes ... 25,000$+ ... They are FCA regulated and safest broker in India ...
I use Lite Forex for medium sized acc ... 10,000$+ ... operating in India since 3+ years ..
I use Uniglobe Markets FOR smaller sized acc ... 5,000$+ .. this is new kid on the block .. just about 8 months ...
I use both cash funding and local bank deposits with these 3 brokers ...
I use both Cash withdrawals ... and withdrawals to different bank acc's ..
I never ever faced any problems ... 4 years of regular funding & withdrawals cnt b lame luck ...
There are brokers, who are taking and will take old 1000/500 Re notes till December 31st ... for funding the trading account ...
Hope it helps ..
Shoot if you have further doubts ...
PLZ NOTE THAT I GAVE BROKERS NAMES AS REQUESTED ... I'M JUST A TRADER WITH THEM AND DO NOT HAVE ANY OTHER BUSINESS ASSOCIATION ..
I'M NOT ADVERTISING ABOUT THEM ...