Can NRIs open an account with FYERS?

Can NRIs open an account with FYERS?

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

Documents you need to open an NRI account

To open an NRO Non-PIS account with FYERS, submit the following documents — each duly attested by an authorised entity:

Document requiredPurpose
Account opening formFilled and signed form with accurate personal details
PAN cardOne attested copy
PassportOne attested copy for identity verification
NRO cancelled cheque or bank statementRequired for verifying the linked NRO account
Foreign address proofOne attested copy
Indian address proofOne attested copy
FEMA declarationOne attested copy
FATCA declarationOne attested copy for tax compliance
Client details formOne attested copy to confirm the filled details
Nominee ID proof (if applicable)One attested copy for the nominated individual
CP code (for Derivatives)Required for trading in F&O segment via Orbis Financials

Who can attest your documents?

Your documents must be attested and stamped with 'verified with original' by one of the following:

  • Indian Embassy or Consulate General
  • Notary Public
  • Judge, Magistrate, or any Indian Court
  • Local Banker in your country of residence

Each attestation must include:

  • Name of the authority
  • Official designation
  • Signature and date

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 with Orbis Financials is mandatory for F&O access
You’re unsure how to attest documentsReach out to your local Indian embassy or a notary for assistance
FYERS offers digital registration to help you get started. You can begin the account opening process by submitting your details at the NRI onboarding page.
Last updated: 24 Jun 2025
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