Can I change my current FYERS account to an NRO Non-PIS account?
Yes, you can convert your current FYERS resident trading and Demat account into an NRO Non-PIS account. This is a common process for clients who have moved abroad and need to comply with FEMA and SEBI regulations as a Non-Resident Indian (NRI).
Who can apply for conversion?
- Indian citizens who have become NRIs under FEMA rules
- Existing FYERS clients holding a resident Demat and trading account
- Clients with a valid NRO bank account and NRI-status PAN
Steps to start the conversion
- Visit the NRI conversion page: Register here
- Submit your details including PAN, passport, visa, and bank proof
- FYERS will guide you through form submissions and CDSL migration
- Conversion takes around 7–10 business days after successful document verification
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 |
Ensure your PAN is updated for NRI status in the Income Tax database before initiating the conversion. This helps prevent KYC or tax mismatches during migration.
Last updated: 23 Jun 2025