NRI banknifty options intraday

Hi,

Can NRI trade banknifty weekly options intraday? Is there any equivalent brokerage calculator for NRI?

Can the NRI invest the amount, lets say, 10L in liquid funds and use the same as margin for trading banknifty options intraday? Please clarify.

@AkshayAtur Can you.

@tradeanalyzer_tradea, Yes. It’s possible to trade intraday in banknifty weekly options. However, NRIs have to come through a custodian via the CP (Custodial Participant) code.

No, currently we do not have a separate brokerage calculator for NRIs. The brokerage for F&O is flat Rs. 100 per order.

This depends on the custodian. You’ll have to check with them regarding how they’d give you collateral margins. In case you hold a demat account with us, we wouldn’t provide you any collateral on those securities/liquid funds for F&O trading for NRIs since the settlements happen through a custodian.

In case you have any further queries, do reach out to nridesk[at]zerodha[dot]com

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Could you please let me know how to contact custodian ? not sure who is custodian and how to check with them

Please write to [email protected] and they will connect you to Orbis.

Custodians clear trades and make the settlements of the trades executed through a trading member (Zerodha).

Quoting from the NSE FAQs for NRIs that mandates the requirement of a CP code in order to trade in F&O:

" An NRI, who wishes to trade on the F&O segment of the exchange, is required to approach the exchange through a clearing member, through whom the NRI would like to clear his trades for allotment of custodial participant (CP) code. Clearing corporation would assign a CP code to each NRI, based on the application received from the clearing member of the NRI. Trading members should ensure that at the time of order entry CP Code of the NRI is placed in the CP Code field of the trading system. The NRI client shall have only one clearing member at any given point of time."