Can I Convert My Resident FYERS Account to an NRO Non-PIS Account?
You can convert your existing FYERS resident trading and Demat account into an NRO Non-PIS account if you’ve moved abroad and need to comply with FEMA and SEBI regulations as an NRI. This process ensures your account meets the correct regulatory requirements for non-resident trading and investing.
Eligibility for conversion
- Indian citizens who have become NRIs under FEMA rules
- Existing FYERS clients holding a resident trading and Demat account
- Clients with a valid NRO bank account and NRI-status PAN
Steps to start the conversion
- Go to the NRO conversation request form.
- Enter your details, including PAN, passport, visa, and bank proof.
- Follow FYERS’ guidance for form submissions and CDSL migration.
- Allow approximately 7–10 business days after successful document verification for completion.
Ensure your PAN is updated with NRI status in the Income Tax database before initiating the conversion to avoid KYC or tax mismatches.
What If...
| Scenario | What you should know |
|---|
| You don’t have an NRO bank account yet | You must open one to complete the account migration |
| You already hold securities in your resident account | All holdings will be transferred to your new NRO Non-PIS Demat account |
| You wish to convert back to a resident account later | A new KYC and re-verification process will be required under SEBI norms |
Last updated: 05 Sep 2025