Can NRIs invest in Bonds on FYERS (G-Secs, T-Bills, SDLs, Corporate Bonds, SGBs)?
Yes, Non-Resident Indians (NRIs) can invest in Government Securities (G-Secs), Treasury Bills (T-Bills), State Development Loans (SDLs), and certain Corporate Bonds through FYERS. However, restrictions apply to Sovereign Gold Bonds (SGBs). The investment must be routed through an NRO (Non-Resident Ordinary) Non-PIS account.
Requirements for NRI investment
- Account type: NRO Non-PIS trading and Demat account with FYERS
- Eligible instruments: G-Secs, T-Bills, SDLs, Corporate Bonds (SGBs restricted)
- Mode of payment: Funds must be routed through the NRO account
FYERS facilitates the application and trading process for NRIs holding the appropriate account setup.
What if...
| Scenario | Resolution |
|---|
| You are based in the US or Canada | Due to compliance restrictions, FYERS does not permit investments from residents of these countries. |
| You have a PIS-linked account | Switch to an NRO Non-PIS setup to become eligible for debt market investments. Refer to this article to understand what an NRO Non-PIS account is. |
| You want to invest in Sovereign Gold Bonds (SGBs) | Currently, NRIs are not eligible to buy fresh SGBs. To know more about who is eligible, refer to this article. |
For assistance with account conversion or setting up an NRO Non-PIS account, reach out to FYERS support for guided onboarding.
Last updated: 30 Sep 2025
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