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 to link either an NRE or an NRO account, not both, to your FYERS trading and Demat account.
- This selection determines your investment channel—repatriable (NRE) or non-repatriable (NRO).
Recommended option for Derivatives Trading
If you're planning to trade in the Futures & Options (F&O) segment:
- FYERS recommends opening an NRO Non-PIS account.
- This allows you to trade seamlessly in both Equity Delivery and F&O, which isn’t possible with an NRE-linked PIS account.
What if...
| Scenario | What you should know |
|---|
| You already have both NRE and NRO accounts | You’ll need to decide which one to use when opening your FYERS account |
| You linked NRE but want to switch to NRO | You must complete a conversion request and provide fresh documentation |
| You try to link both accounts simultaneously | The system will reject multiple bank linkages for compliance reasons |
If your trading goals include Equity F&O, the NRO Non-PIS route is the most flexible and regulatory-compliant path at FYERS.
Last updated: 25 Jun 2025
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