What Are the Trading Restrictions for NRI in Zerodha?
The following are NRI trading restrictions:
- NRIs are able to trade F&O and invest in stock delivery. On the other hand, a Custodian Participant (CP) code and the appointment of a custodian are necessary for trading in F&O. Orbis and Zerodha have teamed to offer custodial services. Customers having CP codes are now unable to trade in the BSE Futures and Options (BFO) segment.
- Mutual fund investments are not permitted for NRIs from the USA or Canada. If an NRI from another nation has a NON-PIS account, they are eligible to invest. Intraday trading is prohibited.
- There is no option for Buy Today Sell Tomorrow (BTST).
- SGBs, or Sovereign Gold Bonds, are not tradable. Existing units, however, may be held or sold until maturity.
- If the client possesses a CP code, they are eligible to trade F&O intraday.
- It is not permitted to trade in the commodities and currency segments.
- Equity trading would be the sole activity permitted if an NRE account was mapped.
- The mapping of an NRO account would permit F&O or equity distribution.
- Securities cannot be pledged by NRIs as collateral for F&O trades.
Imp note: The Zerodha account can be connected to both an NRE and an NRO account. To map both accounts, submit two applications for account opening.