Can an NRI open two trading accounts linking both the NRE & NRO Account?
Yes, an NRI can open both the NRE & NRO account in any bank authorized by RBI. However, the NRI can only link either an NRE account or NRO account to their FYERS trading account. Please note that If you want to trade in F&O, we recommend you to open an NRO Non-PIS account with us for a seamless experience.
To initiate the NRI account opening, kindly fill-in your details here.
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Can two separate trading accounts namely (NRE & NRO) can be opened by NRI?
Yes, clients can have two separate trading accounts based on Non-Resident External (NRE) & Non-Resident Ordinary (NRO). To know more, refer to this article.
What is the difference between an NRE A/c & an NRO A/c?
An NRI can open two types of accounts to trade or invest in India: Non-Resident External (NRE) Non-Resident Ordinary (NRO) Criteria NRE NRO Purpose A Non-Resident External is a bank account wherein the NRI can invest the income earned abroad to ...
Which Bank account can an NRI open?
As per the FEMA regulations, NRIs are not allowed to hold a savings bank account in India and need to set up an NRO or NRE Account as stipulated by the Reserve Bank of India (RBI). An NRO is a Non-Resident Ordinary rupee account and can be held ...
Can I open two different Trading/Demat accounts at Fyers?
No, you can’t have more than 1 account with the same broker or DP but, you can have multiple accounts with other brokers or DPs.
What is the NRE PIS account?
The NRE PIS Account is an account an NRI can open with the PIS permission from the Reserve Bank of India to invest in the Indian Stock Market. It facilitates NRIs to trade in stocks using the income earned abroad. Points to be noted for the NRE PIS ...