NRIs
Can an NRI pledge shares to trade in F&O with FYERS?
Yes, NRIs trading in the Futures & Options (F&O) segment at FYERS through a custodial setup with Orbis Financial can pledge shares to receive trading margins. Although the pledging isn’t processed directly through FYERS platforms, it is fully ...
How are the TDS rates determined for NRI Non-PIS accounts at FYERS?
For NRI clients operating Non-PIS (Non-Portfolio Investment Scheme) accounts at FYERS, Tax Deducted at Source (TDS) is automatically deducted on capital gains arising from trades. The applicable TDS rates are governed by Indian tax laws and vary by ...
Why am I being charged TDS in my NRI Non-PIS account?
TDS (Tax Deducted at Source) is applied to NRI Non-PIS accounts in accordance with Indian tax and foreign exchange laws. When an NRI earns capital gains by trading in Indian securities, FYERS is legally required to deduct tax before crediting ...
How does TDS work for NRI accounts at FYERS?
TDS (Tax Deducted at Source) for NRI accounts at FYERS is processed in accordance with Indian income tax laws. FYERS ensures compliance by deducting TDS on capital gains arising from the sale of securities, following a systematic two-step settlement ...
What happens to my holdings when converting a Demat account to an NRI account?
When you switch your resident Demat account to an NRI-compliant account (such as an NRO Non-PIS account), FYERS ensures a seamless transition of your existing investments and funds. This conversion is done in accordance with SEBI and FEMA regulations ...
What documents are needed to change my FYERS account to an NRO Non-PIS account?
If you're a resident individual transitioning to Non-Resident Indian (NRI) status and planning to convert your existing FYERS trading and Demat account to an NRO Non-PIS account, you'll need to submit updated KYC documents for verification. Required ...
What are the costs associated with converting my FYERS account to an NRO Non-PIS account?
Converting your existing resident FYERS trading and Demat account to an NRO Non-PIS account is completely free of charge. There are no fees for the account modification process, and our support team will guide you through the necessary documentation ...
How can I add or update the nominee in my NRI account?
To add or update the nominee for your NRI account, kindly follow the steps below: Log in to the 'My Account' portal. Head to 'Manage Account'. Navigate to 'Online Nomination' and click on 'Update Nominee/s'. For a comprehensive step-by-step guide, ...
How can I update my mobile number and email address in FYERS as an NRI?
If you're an NRI and wish to change or update your mobile number and email address with FYERS, follow these simple steps: Log in to the My Account portal. Navigate to 'Manage Account'. Go to the email ID and Mobile number section and click on the ...
What to do if funds are transferred from an NRE account to FYERS by mistake?
If you've accidentally transferred funds from your NRE (Non-Resident External) account to FYERS, instead of your NRO (Non-Resident Ordinary) account, the transaction must be reversed in compliance with FEMA and broker-level segregation norms. FYERS ...
What to do if you haven't traded in your NRE or NRO account after opening it with FYERS?
If you’ve opened an NRE or NRO account with FYERS but haven’t executed any trades within 90 calendar days, your account may be marked as 'Inactive'. This classification is part of routine compliance measures to ensure regulatory adherence and account ...
How long does it take to convert my FYERS account to an NRO Non-PIS account?
If you're transitioning from a resident account to an NRO Non-PIS account with FYERS, the process typically takes between 7 to 10 business days. This timeline may vary slightly depending on the completeness of your documents and your KYC verification ...
Can I change my current FYERS account to an NRO Non-PIS account?
Yes, you can convert your current FYERS resident trading and Demat account into an NRO Non-PIS account. This is a common process for clients who have moved abroad and need to comply with FEMA and SEBI regulations as a Non-Resident Indian (NRI). Who ...
What is the investment limit for NRIs in India?
NRIs are permitted to invest substantial amounts across a wide range of asset classes in India. There is no fixed upper cap on how much they can invest, provided they comply with applicable Foreign Exchange Management Act (FEMA) regulations and ...
What facilities are available to NRI students under FEMA regulations?
Students who move abroad from India for education are treated as NRIs under FEMA (Foreign Exchange Management Act) guidelines. As a result, they are entitled to the same financial privileges as other NRIs, including investment, remittance, and ...
What types of bank accounts are available for NRIs to open?
Under the Foreign Exchange Management Act (FEMA), NRIs are not allowed to maintain regular resident savings accounts in India. Instead, they must open designated NRI accounts — NRE (Non-Resident External) or NRO (Non-Resident Ordinary) — based on the ...
Is a new trading account required if an NRI becomes a resident or if a resident becomes an NRI?
Yes, a new trading account is required when your residency status changes — from Resident to NRI or from NRI to Resident. This is mandatory under SEBI and RBI guidelines to ensure correct classification of trading accounts based on the investor's ...
How are NRI investment positions in Indian companies monitored?
To ensure compliance with sectoral investment limits, the Reserve Bank of India (RBI) actively monitors the investment positions of NRIs and Foreign Institutional Investors (FIIs) in listed Indian companies. This oversight safeguards against breaches ...
Can NRIs receive rights or bonus shares from Indian companies?
Yes, under FEMA (Foreign Exchange Management Act) regulations, Indian companies are permitted to issue rights shares and bonus shares to their non-resident shareholders, including NRIs, subject to certain conditions. FEMA conditions for issuance ...
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 ...
Are NRIs permitted to transfer PIS-purchased shares through private arrangements?
No, NRIs are not permitted to privately transfer shares acquired under the Portfolio Investment Scheme (PIS) without prior approval from the Reserve Bank of India (RBI). PIS-compliant shares must be transacted only through recognised stock exchanges ...
What are the investment limits for NRIs under the Portfolio Investment Scheme (PIS)?
Under the Portfolio Investment Scheme (PIS), Non-Resident Indians (NRIs) are allowed to invest in listed shares and convertible debentures of Indian companies on recognised stock exchanges. These investments must be routed through Authorized Dealer ...
Can NRIs open both NRE and NRO trading accounts?
Yes, Non-Resident Indians (NRIs) can open two distinct trading accounts—one linked to an NRE (Non-Resident External) account and another to an NRO (Non-Resident Ordinary) account. Each account serves a different purpose and is governed by its own ...
Who qualifies as an Overseas Citizen of India (OCI)?
An Overseas Citizen of India (OCI) is a person of Indian origin who is granted a form of long-term residency in India. OCI status provides individuals the right to live, study, and work in India indefinitely but does not grant Indian citizenship, ...
Can NRIs invest in exchange traded funds (ETFs)?
Absolutely! Non-Resident Indians (NRIs) are permitted to invest in Exchange Traded Funds (ETFs) in India. ETFs provide a convenient way to gain exposure to a diversified portfolio of securities and can be part of a broader investment strategy. How ...
Is income earned in my NRI account subject to taxes?
Yes, any income generated from your NRI account through transactions in India is subject to taxation under the provisions of the Income Tax Act, 1961. According to Section 5 of the Act, income that accrues or arises in India, or is received in India, ...
Who issues the contract note for NRO F&O trades?
For Non-Resident Indian (NRI) clients trading in the Futures & Options (F&O) segment using an NRO Non-PIS account, FYERS is responsible for issuing the contract note. This note serves as the official trade confirmation for all F&O transactions ...
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?
Transferring funds to your NRO Non-PIS account at FYERS depends on the segment in which you intend to trade—Equity Delivery or Futures & Options (F&O). Each has a separate funding process. For Equity Delivery To invest in equities, transfer funds ...
Does FYERS offer reduced brokerage for high-volume NRI traders?
At FYERS, we believe in fairness, transparency, and equal treatment for all our clients—including Non-Resident Indians (NRIs). That’s why we maintain a consistent brokerage policy regardless of trading volume or account value. Brokerage policy for ...
How long does it take to activate F&O for an NRO Non-PIS account?
The activation of the Futures & Options (F&O) segment for an NRO Non-Portfolio Investment Scheme (Non-PIS) account depends on your KYC (Know Your Customer) status: If your KYC is already marked as ‘Non-resident’, F&O access is typically activated ...
What are the brokerage charges for NRIs trading in the F&O segment?
At FYERS, Non-Resident Indians (NRIs) trading in the Equity Futures & Options (F&O) segment are subject to a flat, transparent fee structure tailored for regulatory compliance and custodial processing. Brokerage & Custodian charges Charge type ...
Do I need to maintain separate funds for equity and F&O segment in my NRI account?
Yes, Non-Resident Indians (NRIs) using an NRO Non-PIS account at FYERS must maintain separate fund allocations for Equity Delivery and Futures & Options (F&O) trading. Fund allocation overview For Equity Delivery: Transfer funds directly into your ...
Is FYERS API accessible to NRIs for trading?
Yes, Non-Resident Indians (NRIs) can access and trade using FYERS APIs after successfully opening an account with FYERS. The APIs offer a flexible and powerful way to place and manage trades, integrate with custom strategies, or automate trading ...
Which banks can be linked for NRO accounts with FYERS?
When opening an NRI trading account with FYERS, the type of account—PIS or Non-PIS—determines your options for linking a bank. Banks for PIS accounts For clients choosing to trade under the Portfolio Investment Scheme (PIS), FYERS supports ...
What steps should be taken if an Indian Resident becomes an NRI?
If your residency status changes from Resident Indian to Non-Resident Indian (NRI), it is essential to update your investment and account structure to remain compliant with Indian regulations, specifically under the Foreign Exchange Management Act ...
How to initiate an NRI account opening with FYERS?
Opening an NRI account with FYERS is a guided and user-friendly process. If you're ready to begin your investment journey from abroad, here are three convenient ways to connect with our onboarding team: Account opening channels Method Description ...
Can NRIs trade in both equity delivery and F&O with a same account?
Yes, Non-Resident Indians (NRIs) can trade in both Equity Delivery and Futures & Options (F&O) using a single NRO Non-PIS (Non-Portfolio Investment Scheme) account at FYERS. This setup eliminates the need to maintain multiple accounts for different ...
Are NRIs permitted to trade in the commodity segment?
Currently, Non-Resident Indians (NRIs) are not permitted to participate in the commodity trading segment in India. This restriction is enforced by Indian regulatory authorities to ensure adherence to the Foreign Exchange Management Act (FEMA) and ...
Is currency derivatives trading allowed for NRIs?
As per current regulatory guidelines, Non-Resident Indians (NRIs) are not permitted to trade in currency derivatives on Indian exchanges. This restriction is enforced to ensure compliance with FEMA regulations and to limit speculative exposure ...
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