What are the trading restrictions for NRIs?

The trading restrictions for NRIs are as follows:

• NRIs can invest in equity delivery and trade in F&O via NRO NON-PIS accounts. However, to trade in F&O, a custodian must be appointed and a Custodian Participant (CP) code is required. Zerodha has partnered with Orbis to provide custodial services. Client's with CP code cannot trade in BSE Futures and Options (BFO) segment for now. To learn more about Orbis, visit orbisfinancial.in/. For assistance with obtaining the CP code create a ticket.
• NRIs from USA and Canada cannot invest in mutual funds. NRIs from other countries can invest if they have an NRI account with Zerodha. To learn how to open an NRI account, see What are the documents required to open a Zerodha account as an NRI?
• Intraday trading in equity is not allowed.
• Buy Today Sell Tomorrow (BTST) is not available for NRE-PIS accounts.
• Sovereign Gold Bonds (SGBs) cannot be bought. However, existing units can be sold or held until maturity.
  
• Intraday trading in F&O is allowed if the client has a CP code.
• Trading in the currency and commodity segments is not allowed.
• If an NRE account is mapped, only equity trading would be allowed.
• If an NRO account is mapped, either equity delivery or F&O would be allowed.
• NRIs cannot pledge securities as collateral to trade in F&O.

Did you know? An NRE and an NRO account can be mapped to the Zerodha account. Submit two account opening applications to map both accounts. To learn the difference between NRE and NRO accounts, see What is the difference between an NRE and NRO bank account?