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 dedicated to this topic.
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Can NRIs open an account with FYERS?
Yes, Non-Resident Indians (NRIs) can open an account with FYERS through a simplified onboarding process that complies with FEMA and SEBI regulations. FYERS supports NRO Non-PIS accounts, allowing NRIs to trade in the Indian equity market using their ...
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 apply for IPOs through the FYERS account?
Yes, Non-Resident Indians (NRIs) can apply for Initial Public Offerings (IPOs) using their FYERS Demat account—specifically when it's linked to an NRO Non-PIS (Non-Portfolio Investment Scheme) account. This setup is preferred as it avoids the complex ...
Can I change my current FYERS account to an NRO Non-PIS account?
Yes, you can convert your current FYERS resident trading and Demat account into an NRO Non-PIS account. This is a common process for clients who have moved abroad and need to comply with FEMA and SEBI regulations as a Non-Resident Indian (NRI). Who ...
What types of bank accounts are available for NRIs to open?
Under the Foreign Exchange Management Act (FEMA), NRIs are not allowed to maintain regular resident savings accounts in India. Instead, they must open designated NRI accounts — NRE (Non-Resident External) or NRO (Non-Resident Ordinary) — based on the ...