What should I do if I don't trade in my NRE or NRO account after opening it with FYERS?
If you haven't taken a trade within 90 days of account opening, we recommend doing so to keep the account active. Otherwise, the account may be marked as 'Inactive'. If your account status changes to 'Inactive', you'll need to reinitiate the KYC process to regain access.
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What are the differences between an NRE and an NRO account?
An NRI has the option to open two distinct types of bank accounts to manage their finances in India, namely the Non-Resident External (NRE) account and the Non-Resident Ordinary (NRO) account. Each account serves different purposes and comes with its ...
What is an NRE PIS account?
An NRE PIS (Non-Resident External Portfolio Investment Scheme) Account is a type of bank account that Non-Resident Indians (NRIs) can set up with authorization from the Reserve Bank of India (RBI) under the PIS to trade shares on Indian stock ...
Can an NRI link both NRE and NRO accounts to a single trading account?
An NRI is permitted to open both NRE and NRO accounts with any bank that is authorized by the Reserve Bank of India (RBI). However, when it comes to linking these accounts to a trading account with FYERS, an NRI must choose to link either one — an ...
Can NRIs open an account with FYERS using NRO account?
Absolutely, NRIs can link their NRO (Non-Resident Ordinary) bank accounts to their FYERS accounts for trading. Opening an NRI Account: For detailed instructions and guidance on setting up an NRI account with FYERS, you can read the specific article ...
What is an NRO Non-PIS account?
An NRO Non-Portfolio Investment Scheme (Non-PIS) account is a type of investment account that enables Non-Resident Indians (NRIs) to purchase and hold various Indian securities like equity shares, convertible debentures, preference shares, bonds, and ...