NRIs
What should an NRI do upon becoming a resident in India?
If your residential status changes from Non-Resident Indian (NRI) to Resident Indian, it is important to update your investment setup and ensure full compliance with Indian regulations. Here are the key actions to take for a smooth transition. Steps ...
What is an NRE PIS account?
An NRE PIS (Non-Resident External – Portfolio Investment Scheme) account is a special type of bank account that allows Non-Resident Indians (NRIs) to invest in Indian stock markets using their foreign earnings. This account is governed by the Reserve ...
What is the Portfolio Investment Scheme for NRIs?
The Portfolio Investment Scheme (PIS) is an initiative by the Reserve Bank of India (RBI) that allows Non-Resident Indians (NRIs) to invest in Indian stock markets through designated accounts. Under this scheme, NRIs can buy and sell shares and ...
Can NRIs apply for IPOs through the FYERS account?
Yes, Non-Resident Indians (NRIs) can apply for Initial Public Offerings (IPOs) using their FYERS Demat account—specifically when it's linked to an NRO Non-PIS (Non-Portfolio Investment Scheme) account. This setup is preferred as it avoids the complex ...
Can NRIs trade in the F&O segment?
Yes, Non-Resident Indians (NRIs) can actively participate in Equity Futures & Options (F&O) trading in India—provided they hold an NRO Non-Portfolio Investment Scheme (Non-PIS) Account. FYERS is among the select few brokerages that enable NRIs to ...
Are NRIs allowed to participate in equity intraday trading?
No, NRIs are not permitted to engage in equity intraday trading in India as per prevailing regulatory guidelines. Every trade placed by an NRI must be settled on a delivery basis, meaning the investor must own the shares before selling and take ...
Can an NRI link both NRE and NRO accounts to a single trading account?
While NRIs can open both NRE and NRO accounts with any Reserve Bank of India (RBI)-approved bank, when it comes to linking these with a trading account at FYERS, only one account can be linked at a time. Account linking rules at FYERS You must choose ...
What are the differences between an NRE and an NRO account?
Non-Resident Indians (NRIs) can choose between two bank account types in India—Non-Resident External (NRE) and Non-Resident Ordinary (NRO). Each account serves a distinct financial purpose based on the source of funds and repatriation needs. ...
What are the charges for opening an NRI account with FYERS?
Opening an NRI trading and Demat account with FYERS is completely free of cost. FYERS maintains a transparent pricing structure across all segments, ensuring that NRI investors can trade confidently with predictable, value-based fees. Charges for NRI ...
What is the role of a PIS letter for NRIs in stock investments?
The Portfolio Investment Scheme (PIS) is a regulatory framework established by the Reserve Bank of India (RBI) to allow Non-Resident Indians (NRIs) to invest in Indian stock markets by buying and selling shares listed on recognised stock exchanges. A ...
Who is a custodial participant and how does it relate to NRI trading with FYERS?
A Custodial Participant (CP) is a member of a clearing corporation who facilitates trade validation and clearing on behalf of investors. For NRIs looking to participate in Equity Derivatives (F&O) trading in India, a CP is mandatory. At FYERS, NRIs ...
What is an NRO Non-PIS account?
An NRO Non-Portfolio Investment Scheme (Non-PIS) account is a specialised investment account that allows Non-Resident Indians (NRIs) to invest in Indian securities on a non-repatriable basis. It treats foreign investments as domestic, making ...
Can NRIs open an account with FYERS?
Yes, Non-Resident Indians (NRIs) can open an account with FYERS through a simplified onboarding process that complies with FEMA and SEBI regulations. FYERS supports NRO Non-PIS accounts, allowing NRIs to trade in the Indian equity market using their ...
Popular Articles
How long does it take to process a withdrawal request on FYERS?
Timing matters when it comes to fund withdrawals. Depending on when and how you place your request—and how you added funds—this guide explains when you can expect the amount to be processed and credited to your bank account. Withdrawal Processing ...
Why do I see warning messages when trading stocks on FYERS?
When placing an order on FYERS, you might occasionally see a warning message such as “Regulatory Caution.” These alerts are shown for stocks that fall under one or more regulatory, risk, or trading restrictions. They’re meant to inform and protect ...
What is a Smart Limit Order?
A Smart Limit Order is an advanced type of limit order that allows users to set custom expiry times and actions, ensuring the expected execution of the order. It includes features like Market Protection Price (MPP) to safeguard against undesirable ...
Are there Annual Maintenance Charges (AMC) at FYERS?
No, FYERS does not levy any Annual Maintenance Charges (AMC) for maintaining your Demat or trading account. This makes FYERS cost-effective, especially for long-term investors who prefer to hold securities without frequent trading. What is AMC? AMC ...
What is GTT? Can I place a GTT order in FYERS?
GTT, or Good Till Trigger, is an advanced order type that allows you to set Buy or Sell orders at a predetermined price, which remains active until the trigger condition is met — or for a maximum of one year from the date of order placement. What is ...