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.
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:
| Document | Purpose | 
|---|---|
| Account opening form | Filled and signed with personal and contact details | 
| PAN card | Copy for tax identification | 
| Passport | Identity verification | 
| NRO cancelled cheque or bank statement | For linking the NRO bank account | 
| Foreign address proof | Residence proof outside India | 
| Indian address proof | If applicable | 
| FEMA declaration | Declaration under FEMA regulations | 
| FATCA declaration | Tax compliance for global citizens | 
| Client details form | Verification 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 | 
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:
| Scenario | What you should know | 
|---|---|
| You don’t have a cancelled NRO cheque | A bank statement with IFSC and MICR codes is acceptable | 
| You want to trade in derivatives | A CP code via Orbis Financials is mandatory | 
| You’re unsure how to attest documents | Contact a notary or your local Indian embassy for help | 
Last updated: 07 Aug 2025