Can I link both NRE and NRO accounts to the same FYERS trading account?
While NRIs can maintain both NRE (Non-Resident External) and NRO (Non-Resident Ordinary) bank accounts with RBI-approved banks, FYERS allows linking only one bank account to a trading and Demat account at a time. You must choose whether to link an NRE or an NRO account, as this determines your investment channel—repatriable (NRE) or non-repatriable (NRO).
Account linking rules at FYERS
- Only one bank account (either NRE or NRO) can be linked to a single FYERS trading and Demat account.
- This selection determines your fund source, repatriability, and trading segment access.
- NRE-linked PIS accounts allow equity delivery only, while NRO Non-PIS accounts permit both equity delivery and derivatives trading (subject to regulatory requirements).
Opening separate NRE and NRO trading accounts
NRIs can open two distinct trading accounts with FYERS—one linked to an NRE account and another to an NRO account—provided each account complies with its respective regulatory framework.
Key differences between NRE and NRO trading accounts
| Feature | NRE trading account | NRO trading account |
|---|
| Source of funds | Foreign income | Indian income |
| Repatriability | Fully repatriable (Principal + Interest) | Principal repatriable up to USD 1 million/year; Interest fully repatriable |
| Taxation | Interest earned is tax-free in India | Interest and capital gains are taxable in India |
| Segment access | Equity Delivery only (via PIS) | Equity Delivery and F&O (via Non-PIS) |
| Bank setup | Requires a PIS letter from an RBI-designated bank | No PIS letter needed |
While you can hold both NRE and NRO trading accounts with FYERS, only one bank account can be linked to each trading account for compliance reasons.
What If...
| Scenario | What you should know |
|---|
| You already have both NRE and NRO accounts | Choose one to link to a single trading account, or open separate trading accounts for each. |
| You linked NRE but want to switch to NRO | Submit a conversion request and provide fresh documentation. |
| You already have an NRE trading account | You can still open a separate NRO trading account. |
| You want full repatriation of profits | Use the NRE account for equity delivery investments only. |
| You want to trade F&O | You must use an NRO Non-PIS account with CP setup. |
| You try to link both accounts to one trading account | The system will reject multiple bank linkages for compliance reasons. |
Last updated: 08 Aug 2025
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