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:
| 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 |
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...
| 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
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