Thinking to open NRO account

Support Desk
1

I am thinking to open NRO account with fyers. I have few questions.

  • Is CP code needed for f&O trading?
  • Are mutal funds direct or regular?
  • How many NRO bank accounts can I add?
  • Are mutual funds in demat or non demat form?

Please provide answers to these questions. Thanks.

2

Hello @114146695161947216205, here are the answers to your queries

  1. Is CP code needed for F&O trading?

You can choose to opt in or opt out of CP Code during onboarding.

  1. Are mutual funds direct or regular?

Mutual funds are direct

  1. How many NRO bank accounts can I add?

You can add up-to five bank accounts

  1. Are mutual funds in Demat or non Demat form?

Mutual funds are in Demat form

If you need any further assistance please feel free to reach out.