Can NRIs open an account with FYERS using NRO account?

Can NRIs open an account with FYERS using NRO account?

NRIs can open a trading account with FYERS by linking their NRO (Non-Resident Ordinary) bank account. This account setup enables regulatory-compliant access to Indian stock markets.

Steps to open an NRI account using your NRO bank account

  1. Fill out the signup form, selecting your NRO account as the linked bank
  2. Submit your documents, including:
    • NRI-status PAN
    • Overseas address proof
    • FEMA declaration
    • PIS letter (if applicable)
  3. Send the physical forms to FYERS as instructed
  4. Once approved, your NRI trading account will be activated and linked to the NRO account
Your PAN must be updated with NRI status, and this must reflect in the depository (CDSL) before you can initiate an NRI account with FYERS.

What if…

ScenarioWhat you should know
You already have a FYERS resident accountYou must close the existing account and re-apply with updated NRI documents.
Your NRO account is with an unsupported bankOpen a new NRO account with a supported bank like HDFC or ICICI to proceed.

Last updated: 14 Aug 2025

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