Can NRIs open both NRE and NRO trading accounts?
Yes, Non-Resident Indians (NRIs) can open two distinct trading accounts—one linked to an NRE (Non-Resident External) account and another to an NRO (Non-Resident Ordinary) account. Each account serves a different purpose and is governed by its own regulatory framework.
Key differences between NRE and NRO trading accounts
| Feature | NRE trading account | NRO trading account |
|---|
| Source of funds | Foreign income | Indian income |
| Repatriability | Fully repatriable (Principal + Interest) | Principal repatriable up to USD 1 million per year; Interest fully repatriable |
| Taxation | Interest earned is tax-free in India | Interest and capital gains are taxable in India |
| Segment access | Equity Delivery only (via PIS) | Equity Delivery and F&O (via Non-PIS) |
| Bank setup | Requires PIS letter from RBI-designated bank | No PIS letter needed |
To explore further details regarding the opening and management of these accounts, please refer to our comprehensive
guide.
What if...
| Scenario | What you should know |
|---|
| You already have an NRE trading account | You can still open a separate NRO trading account with FYERS |
| You want to trade F&O | You must use an NRO Non-PIS account with CP setup |
| You want full repatriation of profits | Use your NRE account for equity delivery investments only |
To simplify fund and compliance management, we recommend opening the NRO Non-PIS account for broader access, including F&O trading.
Last updated: 25 Jun 2025
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