NRIs (Non-Resident Indians) can trade in Equity Futures & Options (F&O) at FYERS using an NRO Non-PIS account. This setup is compliant with FEMA/RBI/SEBI norms and also supports equity delivery trading from the same account.
The following requirements must be in place before F&O orders can be placed.
| Requirement | Description |
|---|---|
| Account type | Must hold an NRO Non-PIS account (NRE/PIS routes are not eligible for F&O). |
| Trading access | Access to NSE-listed equity F&O contracts via FYERS platforms. |
| Segregated funds | Maintain separate allocations for delivery-based equity and F&O trades. |
F&O enablement depends on your current KYC status. Equity delivery is enabled earlier.
| KYC status | Approximate F&O activation time |
|---|---|
| Marked as 'Non-resident' | 7–10 working days |
| Marked as 'Resident' | 15–30 working days (requires status update & re-verification) |
Note: Equity delivery trading is typically enabled within 3 working days of account opening, while F&O activation proceeds in parallel.
Brokerage and custodian clearing charges applicable to NRI F&O trades at FYERS.
| Charge type | Details |
|---|---|
| Brokerage fee | ₹50 per executed order (Futures & Options) |
| Futures clearing charges | ₹150 per crore traded (monthly; charged by Orbis Financial) |
| Options clearing charges | ₹1500 per crore traded (monthly; charged by Orbis Financial) |
These fees are in addition to statutory charges such as STT, GST, exchange fees, and SEBI charges.
| Scenario | Solution |
|---|---|
| Only an NRE account is available | F&O is not permitted; open an NRO Non-PIS account. |
| Existing NRO account | FYERS can verify your setup and coordinate with the custodian for F&O enablement. |
| Unsure of KYC status | Check via the KRA portal or contact us for assistance. |
| Want to start trading immediately | You can begin with equity delivery trades while F&O activation is in progress. |
| Considering other segments | NRIs are not allowed in equity intraday, currency derivatives, or commodities as per regulations. |