NRIs
Can NRIs pledge shares to trade in F&O?
NRIs trading in the Futures & Options (F&O) segment through FYERS using a custodial setup with Orbis Financial Corporation Ltd can pledge shares to obtain margin for trading. The pledging process is handled externally via Orbis and is not performed ...
Why is TDS being charged in my NRI Non-PIS account?
Tax Deducted at Source (TDS) is applied to NRI Non-PIS accounts at FYERS in accordance with Indian income tax and foreign exchange laws. When an NRI earns capital gains from securities sold in India, FYERS is required to deduct applicable tax before ...
What is TDS and how does it apply to NRI Non-PIS accounts at FYERS?
Tax Deducted at Source (TDS) is tax collected at the point of income generation under the Income Tax Act, 1961. For NRI Non-PIS accounts at FYERS, TDS applies on capital gains and certain India-sourced income, and is processed through a structured ...
What happens to my holdings during conversion to an NRI account?
When you convert your resident Demat account to an NRI-compliant account (such as an NRO Non-PIS account), FYERS ensures that all your existing holdings and funds are transitioned in compliance with SEBI and FEMA regulations for non-resident ...
What documents are required to open or convert to an NRO Non-PIS account?
To open a new NRO Non-PIS account with FYERS or convert an existing trading and Demat account after becoming an NRI, you’ll need to submit a set of KYC and banking documents. These documents confirm your non-resident status and are required to comply ...
What are the costs involved in converting to an NRO Non-PIS account?
Converting your existing resident FYERS trading and Demat account to an NRO Non-PIS account is free of charge. There are no conversion or account-modification fees, and FYERS support will guide you through the documentation and compliance steps at no ...
How can I add or update the nominee in my NRI account?
NRIs (Non-Resident Indians) can add a new nominee or update existing nominee details directly in FYERS. After you click the Edit icon under KYC details, we first complete OTP verification. Only after successful OTP can you enter and submit the ...
How can I update my mobile number and email in FYERS as an NRI?
Since NRIs cannot use the e-Sign facility on FYERS platforms, changes to the registered mobile number or email address must be completed through the offline KYC modification process. Steps to Update Contact Details (Offline KYC Process) Download the ...
What to do if funds are transferred from an NRE account by mistake?
Suppose you've accidentally transferred funds from your NRE (Non-Resident External) account to FYERS, instead of your NRO (Non-Resident Ordinary) account. In that case, the transaction must be reversed in compliance with FEMA and broker-level ...
What if I haven't traded in my NRE or NRO account after opening it with FYERS?
If you opened an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) trading account with FYERS and did not place any trades within 90 calendar days from the date of account activation, your account may be marked Inactive. This status is part ...
How long does it take to convert a FYERS account to an NRO Non-PIS account?
If you're changing your FYERS account from resident status to an NRO Non-PIS account, the process typically takes 7–10 business days. The exact timeline depends on the completeness of the documents, KYC verification, and coordination with external ...
Can I convert my resident FYERS account to an NRO Non-PIS account?
You can convert your existing FYERS resident trading and Demat account into an NRO Non-PIS account if you’ve moved abroad and need to comply with FEMA and SEBI regulations as an NRI. This process ensures your account meets the correct regulatory ...
What are the investment limits for NRIs under FEMA and PIS?
NRIs (Non-Resident Indians)—including students treated as NRIs under FEMA—can invest in India across several asset classes. Overall limits depend on the investment route: general FEMA rules for many products and the RBI’s Portfolio Investment Scheme ...
What should I do if I become an NRI or return to resident status?
A new trading account is mandatory when your residency status changes — from Resident to NRI or from NRI to Resident. This requirement is set by SEBI and RBI to ensure the correct classification of accounts based on your current legal status. Steps ...
Is it possible for non-residents outside India with ESOP shares to open a trading account?
Yes, non-resident individuals who have been allotted shares under an Employee Stock Option Plan (ESOP) by listed Indian companies are eligible to open a trading account in India. This facility allows such individuals to sell shares acquired through ...
Who issues the contract note for NRO F&O trades?
For NRI clients trading in the Futures & Options (F&O) segment through an NRO Non-PIS account, FYERS issues the contract note for each executed order. This serves as the official trade confirmation for all F&O transactions on FYERS platforms. ...
How do I withdraw funds from my Orbis account linked with FYERS?
If you're trading F&O through a custodial arrangement with Orbis Financial, you can initiate a fund withdrawal from your Orbis account by filling out a simple request form. This helps FYERS process your withdrawal in coordination with the custodian. ...
How can I transfer funds to my NRO Non-PIS trading account?
The method of funding your NRO Non-PIS account at FYERS depends on whether you are trading in Equity Delivery or Futures & Options (F&O). Each segment follows its own process. Funding for Equity Delivery Transfer funds directly to your FYERS trading ...
Do NRIs need to maintain separate funds for equity and F&O?
NRIs using an NRO Non-PIS account at FYERS must maintain separate fund allocations for Equity Delivery and Futures & Options (F&O) trading. This requirement ensures compliance with custodial settlement processes and regulatory norms. Fund allocation ...
Is FYERS API accessible for NRIs?
NRIs with an active FYERS account can access and trade using FYERS APIs. The APIs provide a flexible way to place and manage trades, integrate custom strategies, and automate trading workflows. Key features of FYERS API for NRIs Feature Description ...
Which banks can be linked for NRO accounts with FYERS?
When opening an NRI trading account with FYERS, the bank you can link to depends on whether you choose the PIS or Non-PIS account type. Banks for PIS accounts For clients trading under the Portfolio Investment Scheme (PIS), FYERS supports ...
What is the procedure to open an NRI trading and Demat account with FYERS?
NRIs (Non-Resident Indians) can open a trading and Demat account with FYERS through a guided onboarding process. All interactions are handled directly by FYERS’ NRI desk to ensure documentation, compliance, and segment activation are correctly ...
Can NRIs trade in commodities or currency derivatives?
Non-Resident Indians (NRIs) are currently not permitted to participate in the commodity or currency derivatives segments on Indian exchanges. These restrictions arise from FEMA, SEBI, and exchange rules aimed at compliance and limiting speculative ...
What is an NRE PIS account and how does it work?
An NRE PIS (Non-Resident External – Portfolio Investment Scheme) account is a special type of bank account that allows NRIs (Non-Resident Indians) to invest in Indian stock markets using their foreign earnings. It operates under RBI's Portfolio ...
Are NRIs allowed to invest in IPOs, ETFs, and corporate actions?
NRIs (Non-Resident Indians) can apply for IPOs, invest in Exchange Traded Funds (ETFs), and receive corporate action entitlements (such as rights and bonus shares) in line with FEMA/RBI rules and issuer policies. Eligibility and process depend on ...
Can NRIs trade in F&O with FYERS? What are the activation and charges?
NRIs (Non-Resident Indians) can trade in Equity Futures & Options (F&O) at FYERS using an NRO Non-PIS account with a Custodial Participant (CP) code. This setup is compliant with FEMA/RBI/SEBI norms and also supports equity delivery trading from the ...
Are NRIs allowed to trade in equity intraday and F&O segments?
NRIs (Non-Resident Indians) are not permitted to trade equity on an intraday basis in India. All equity transactions must be delivery-based in line with FEMA/RBI rules. NRIs may trade in the Futures & Options (F&O) segment via an NRO Non-PIS account ...
Can I link both NRE and NRO accounts to the same FYERS trading account?
While NRIs can maintain both NRE (Non-Resident External) and NRO (Non-Resident Ordinary) bank accounts with RBI-approved banks, FYERS allows linking only one bank account to a trading and Demat account at a time. You must choose whether to link an ...
What are the charges for opening an NRI account with FYERS?
Opening an NRI trading and Demat account with FYERS is completely free. We maintain a consistent and transparent pricing structure across all NRI segments, with no annual maintenance charges and a capped brokerage model that favours low-frequency and ...
What is an NRO Non-PIS account and how is it different from an NRE account?
An NRO Non-PIS account is a type of bank account that enables NRIs to invest in Indian stock markets and mutual funds using income earned within India, such as rent, dividends, or pension income. It does not fall under the RBI’s Portfolio Investment ...
Can NRIs open an account with FYERS?
Yes, Non-Resident Indians (NRIs) can open a trading and Demat account with FYERS through a guided onboarding process that complies with SEBI and FEMA regulations. FYERS currently supports NRO Non-PIS accounts, allowing NRIs to invest in the Indian ...
Can NRIs open an account with FYERS using NRO account?
NRIs can open a trading account with FYERS by linking their NRO (Non-Resident Ordinary) bank account. This account setup enables regulatory-compliant access to Indian stock markets. Steps to open an NRI account using your NRO bank account Fill out ...