NRIs
What is an NRE PIS account?
An NRE PIS (Non-Resident External Portfolio Investment Scheme) Account is a type of bank account that Non-Resident Indians (NRIs) can set up with authorization from the Reserve Bank of India (RBI) under the PIS to trade shares on Indian stock ...
What is the Portfolio Investment Scheme for NRIs?
The Portfolio Investment Scheme (PIS) is a program from the Reserve Bank of India (RBI) that permits Non-Resident Indians (NRIs) to purchase and sell shares and convertible debentures of Indian companies on recognized stock exchanges under the ...
Can NRIs apply for IPOs through the FYERS account?
Indeed, NRIs have the option to apply for Initial Public Offerings (IPOs) using their FYERS Demat account, specifically by linking their NRO Non-PIS (Non-Portfolio Investment Scheme) account. This particular account streamlines the application ...
Can NRIs trade in the F&O segment?
Absolutely, NRIs have the privilege to trade in the Equity F&O (Futures & Options) segment when they open an NRO Non-Portfolio Investment Scheme (Non-PIS) Account. FYERS takes pride in being among the select brokerages that enable NRIs to actively ...
Are NRIs allowed to participate in equity intraday trading?
As per regulatory guidelines, NRIs are not permitted to engage in equity intraday trading in India. An NRI must take delivery of the shares they purchase and provide delivery of shares when sold. The regulatory framework does not allow NRIs to ...
Can an NRI link both NRE and NRO accounts to a single trading account?
An NRI is permitted to open both NRE and NRO accounts with any bank that is authorized by the Reserve Bank of India (RBI). However, when it comes to linking these accounts to a trading account with FYERS, an NRI must choose to link either one — an ...
What are the differences between an NRE and an NRO account?
An NRI has the option to open two distinct types of bank accounts to manage their finances in India, namely the Non-Resident External (NRE) account and the Non-Resident Ordinary (NRO) account. Each account serves different purposes and comes with its ...
What are the charges for opening an NRI account with FYERS?
Opening an NRI account with FYERS is cost-free. We offer a transparent fee structure for our NRI clients, with the aim to provide value-driven services. Below is a comprehensive breakdown of the charges applicable to different segments: Charges for ...
What is the role of a PIS letter for NRIs in stock investments?
Portfolio Investment Scheme is the scheme of the Reserve Bank of India (RBI) that helps Non-Resident Indians (NRIs) to Buy or Sell Equity shares in the Indian stock markets. PIS letter is to be issued by the bank where you have opened your NRE/NRO ...
Who is a custodial participant and how does it relate to NRI trading with FYERS?
Custodial Participant (CP) refers to a clearing corporation member who validates trades on behalf of a client to the exchange. For Non-Resident Indians (NRIs), trading in Equity derivatives mandates having an account with a Custodial Participant and ...
What is an NRO Non-PIS account?
An NRO Non-Portfolio Investment Scheme (Non-PIS) account is a type of investment account that enables Non-Resident Indians (NRIs) to purchase and hold various Indian securities like equity shares, convertible debentures, preference shares, bonds, and ...
Can NRIs open an account with FYERS?
Yes, Non-Resident Indians (NRIs) can easily set up an NRI account with FYERS, thanks to our streamlined process that minimizes paperwork. To open an NRO Non-PIS Account, you will need to provide the following documents, each duly attested by a ...
Popular Articles
How long does it take to process a withdrawal request?
Upon placing a withdrawal request with FYERS, here's what you need to know: Same-day Processing: If you make a request between 5:00 AM and 5:00 PM, we process it on the same day. However, if you have open commodity positions/orders in the MCX ...
What are the latest features in FYERS Web?
The latest TradingView library has been integrated on the FYERS Web and the following are the feature updates. New Features: 1. Icons have been provided for Exit positions, Fund Transfer, Basket Order, My Account, User Settings, Refresh Trading ...
Why am I getting an error stating 'This scrip is marked under ASM/GSM by the exchange'?
The error 'This scrip is marked under ASM/GSM by the exchange' pops up when you attempt to place orders in securities listed under Additional Surveillance Measures (ASM) or Graded Surveillance Measures (GSM) by the exchange. Why are ASM/GSM ...
What is GTT? Can I place a GTT order in FYERS?
Good Till Trigger (GTT) is an order type where you can set a Target or Stop-Loss, remaining valid for up to one year from its placement. In essence, you determine a price to Buy or Sell a particular scrip, and this order remains active until that ...
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 ...