You can switch from your existing CP code setup to the Non-PIS account to trade F&O without CP code restrictions. As per the SEBI circular, the mandatory CP code requirement for NRIs has been removed, allowing you to access all trading segments directly through your NRO Non-PIS account.
Before you begin
Complete these requirements before starting the migration:
- Close all open positions in your CP code account
- Withdraw all funds from your CP code account
- Verify no pending settlements or obligations
Steps to migrate
- Request CP code deactivation from Orbis: Email [email protected] and confirm that you have closed all positions and withdrawn all funds. Wait for Orbis to send deactivation confirmation.
- Request migration from Zerodha: Once Orbis confirms deactivation, share the confirmation email by creating a ticket.
- Complete migration: After Zerodha receives your request, wait up to 72 working hours for processing. You will receive confirmation from Zerodha when the migration is completed.
After migration
Your Non-PIS account will allow you to:
- Trade equity delivery, intraday, and BTST
- Trade Futures & Options (F&O) directly
- Pledge securities for margin
- Invest in mutual funds
Did you know? From 1 September 2025, NRO Non-PIS accounts will pay reduced brokerage of 0.5% or ₹50 per executed order (whichever is lower) across all segments.