Non-PIS account for NRIs

General
1

Hi Zerodha Team.
Can you please advise on below few questions for Non-PIS account for NRIs -

  1. What is the brokerage for Derivatives trading in this account?
  2. Will there be any TDS applied on sale of shares?
  3. NRIs cannot do intraday / BTST trading in equities. Does this also apply to Non-PIS account? Does this apply only to Shares or also to Derivates?
1 Like
2

@AkshayAtur Can you.

3

@AkshayAtur - can you please advise?

4

@Nakul_Rathi

For NON-PIS - NRO account, You can refer to the below link which can address your concern.

  1. What are the charges for NRI accounts at Zerodha?
    Rs. 100 per order for futures and options.

  2. Yes

  3. How to open an NRO non-PIS account?

Restrictions:

  1. NRI can trade only delivery based.
  2. No intraday/BTST trading on equity/stocks allowed.
  3. No currency or commodity trading allowed.
  4. Equity F&O through a CP (custodial participant) code.
5

Through the NRO account - you can trade either in the equity segment or the derivatives segment using a Custodial participant (CP) code not both {EQ + F&O}.

₹100 per order for futures and options. Do check this link for more information.

Yes, Zerodha will compute the TDS and debit this from the account if there are any profits made from sale of equity. Explained here

Yes; This applies to all NRI account {PIS & non-PIS}. However, Intraday trading on futures and options contracts is allowed.

Please do write to [email protected] in case of any further queries.