Can NRIs open an account with FYERS?

Can NRIs open an account with FYERS?

Yes, Non-Resident Indians (NRIs) can open a trading and Demat account with FYERS through a guided onboarding process that complies with SEBI and FEMA regulations. FYERS currently supports NRO Non-PIS accounts, allowing NRIs to invest in the Indian equity market using their NRO bank account.

Documents required for NRI account opening

To open an NRO Non-PIS account with FYERS, the following documents must be submitted. Each document must be self-attested and attested by an authorised authority:

DocumentPurpose
Account opening formFilled and signed with personal and contact details
PAN cardCopy for tax identification
PassportIdentity verification
NRO cancelled cheque or bank statementFor linking the NRO bank account
Foreign address proofResidence proof outside India
Indian address proofIf applicable
FEMA declarationDeclaration under FEMA regulations
FATCA declarationTax compliance for global citizens
Client details formVerification of entered information
Nominee ID proof (if applicable)If a nominee is added
CP code (if trading in F&O)Required via Orbis Financials for derivatives access

Attestation requirements for NRI documents

Each document must be attested with a stamp that says “Verified with original”, along with the authority’s signature, designation, name, and date.

Accepted attesting authorities include:

  • Indian Embassy or Consulate General
  • Notary Public in your country of residence
  • Indian Court official (Judge or Magistrate)
  • Local Banker in your country of residence
FYERS offers a digital registration facility. To begin, submit your contact details at the NRI onboarding page.

What If...

ScenarioWhat you should know
You don’t have a cancelled NRO chequeA bank statement with IFSC and MICR codes is acceptable
You want to trade in derivativesA CP code via Orbis Financials is mandatory
You’re unsure how to attest documentsContact a notary or your local Indian embassy for help

Last updated: 07 Aug 2025