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As an NRI, you can invest in equity delivery and trade in F&O (derivatives) via NRO NON-PIS accounts. However, you will face certain restrictions depending on your account type and country of residence.
Trading restrictions by account type
| Trading activity | NRO NON-PIS | NRE-PIS |
|---|---|---|
| Equity Delivery | Allowed | Allowed |
| Intraday Equity Trading | Allowed | Not allowed |
| F&O Trading | Allowed | Not allowed |
| Buy Today Sell Tomorrow (BTST) | Allowed | Not allowed |
| Margin Trading Facility (MTF) | Not allowed | Not allowed |
| Pledging Securities as Collateral (F&O) | Allowed | Not allowed |
| Currency Trading | Not allowed | Not allowed |
| Commodity Trading | Not allowed | Not allowed |
Mutual fund restrictions
If you are an NRI from the USA or Canada, you cannot invest in mutual funds through Zerodha due to operational reasons. If you are an NRI from any other country, you can invest in mutual funds if you have an NRI account with Zerodha.
Sovereign Gold Bonds (SGBs)
You cannot buy Sovereign Gold Bonds (SGBs). However, you can sell existing units or hold them until maturity.
As per Reserve Bank of India guidelines, you cannot transfer Sovereign Gold Bonds (SGBs) from a resident or any other demat account to an NRI demat account (NRE or NRO).
If you invested in SGBs as an Indian resident and subsequently changed your residential status to Non-Resident Indian (NRI), you can continue to hold your existing SGBs until early redemption or maturity, or sell them in the secondary market.
Did you know? You can map both an NRE and an NRO account to your Zerodha account. Submit two account opening applications to map both accounts.