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Can a Non-resident Indian (NRI) trade in futures and options (FnO)?

Yes, NRIs can trade in futures and options (but not in the currency segment) if they have mapped a Custodial participant code (CP) to their NRO account. We have tied up with Orbis Financials for custodial services. Hence, all your fund transfers for FnO trades will be to Orbis Financials.

A NRI client has to refer to the margin statement sent by Orbis to see their FnO obligations . The obligations won’t be shown in a contract note issued by Zerodha. They will not be allowed to trade on the equity segment using the same account.

Note:

  1. The brokerage charges for futures and options are Rs 100 per order.
  2. The NRI client cannot pledge their holdings while trading to obtain margins.
  3. The NRI client isn’t allowed to trade on the equity segment using the same account.
  4. Funds are to be transferred to the Orbis account and all withdrawals will need to be requested from their end.

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