What is the procedure for a foreign national to open a trading account at Zerodha?

The brokerage charges for Institutional accounts (PMS/AIF/FPI) differ from the regular Non-Individual accounts. To open an institutional account, create a ticket.
OCI Cardholders: OCI cardholders are not eligible to open a Foreign Portfolio Investment (FPI) account. However, they can open an NRI account with Zerodha.
Residents of Nepal or Bhutan: Offline resident accounts may be opened upon receiving an e-FRRO letter. Details can be found at Indian FRRO eServices.

You can open a Zerodha trading account for a SEBI-registered Individual-FPI (Foreign Portfolio Investor) account by submitting the required documents. You should have a demat account with a SEBI-licensed custodian. Your custodian handles KYC registration, which Zerodha fetches using your PAN to open an FPI trading account. If you do not have an Indian PAN and a custodian demat account yet, create a ticket or email us at [email protected] and we will respond within 48 working hours.

Documents required to open an FPI trading account

Type of document	Requirements
Application form	Application form (PDF). Sample form (PDF).
Foreign Account Tax Compliance Act (FATCA) declaration	FATCA declaration (PDF). Sample FATCA form (PDF).
Foreign Exchange Management Act (FEMA) declaration	FEMA declaration (PDF). Sample FEMA form (PDF).
Bank account proof	Self-attested bank statement of the FPI bank account.
Income proof	Any one of the following self-attested income proof: A Bank statement with the bank logo and seal in the name of the Zerodha account holder for the last six months. Latest salary slip. Latest ITR acknowledgement. Latest Form 16. Certificate of net worth. Latest statement of demat holdings
CP allotment letter from the exchange	Provide a copy of the CP allotment letter from the exchange.
Client Master Report (CMR)	Provide a copy of the custodian's demat account CMR.
SEBI certificate	Provide a copy of the SEBI certificate.

Submission process

The account opening charge is ₹500 for equity trading and demat accounts.

Email soft copies to [email protected] and [email protected] for review.
Make corrections if requested.
Courier documents with ₹500 cheque payable to Zerodha Broking Limited to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

Processing time: Up to 72 working hours

Foreign nationals living in blacklisted countries, as per the FATF list, cannot open an account with Zerodha. Foreign nationals living in greylisted countries can open an account only after Zerodha's compliance team's approval.

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