Which banks can be linked for NRO accounts with FYERS?

Which banks can be linked for NRO accounts with FYERS?

When opening an NRI trading account with FYERS, the type of account—PIS or Non-PIS—determines your options for linking a bank.

Banks for PIS accounts

For clients choosing to trade under the Portfolio Investment Scheme (PIS), FYERS supports partnerships with the following banks:

  • HDFC Bank
  • Axis Bank
  • Yes Bank

FYERS also assists with PIS bank account opening to streamline your onboarding process with these partners.

Flexibility for Non-PIS accounts

If you prefer to operate under the NRO Non-PIS account setup:

  • You can link any RBI-registered Indian bank to your FYERS trading account.
  • This includes public sector, private, or cooperative banks that support NRO accounts.

What if...

ScenarioWhat you should know
You already hold an NRO account with a bank not listedYou can still link it for Non-PIS trading
You want to convert from PIS to Non-PISYou'll need to delink the existing PIS bank and initiate the switch
You’re unsure which account is right for youContact us for tailored guidance based on your investment goals
If you're planning to trade in F&O, a Non-PIS account with any flexible NRO bank linkage is highly recommended for a smoother experience.
Last updated: 25 Jun 2025
    • Related Articles

    • Can I link both NRE and NRO accounts to the same FYERS trading account?

      While NRIs can maintain both NRE (Non-Resident External) and NRO (Non-Resident Ordinary) bank accounts with RBI-approved banks, FYERS allows linking only one bank account to a trading and Demat account at a time. You must choose whether to link an ...
    • 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 ...
    • Can NRIs open an account with FYERS using NRO account?

      Yes, NRIs can link their NRO (Non-Resident Ordinary) bank accounts to FYERS for trading. This allows NRIs to invest in Indian stock markets while complying with regulatory guidelines through FYERS’ NRI account setup. How to link your NRO account to ...
    • Can I open multiple trading/Demat accounts with FYERS?

      No, you cannot open more than one trading and Demat account with FYERS using the same PAN. However, you're allowed to open accounts with other brokers or depository participants (DPs) if you wish to manage multiple portfolios. Why only one account is ...
    • What is an NRO Non-PIS account and how is it different from an NRE account?

      An NRO Non-PIS account is a type of bank account that enables NRIs to invest in Indian stock markets and mutual funds using income earned within India, such as rent, dividends, or pension income. It does not fall under the RBI’s Portfolio Investment ...