What are the benefits of opening a NRO Trading account

Trading in an NRO account offers a range of benefits that make it simpler and more cost-effective compared to an NRE account. Here are some key advantages:

  1. No PIS Bank Account Required:
    You can avoid the additional cost of PIS transaction charges, as there’s no need to open a PIS Bank account.

  2. Use Any NRO Savings Account:
    You can link your existing NRO savings account to your trading and demat account—no need to open a new bank account.

  3. Execute Intraday and BTST Trades:
    Intraday and Buy Today, Sell Tomorrow (BTST) trades are allowed only in an NRO account.

  4. Access Funding Facilities:
    Enjoy the benefit of funding facilities that are not available in NRE accounts.

  5. Leverage Benefits Available:
    Leverage options are available for NRO accounts, allowing you to maximize your trading potential.

  6. Collateral-Based Trades Permitted:
    You can engage in collateral-based trading, providing more flexibility in managing your investments.

  7. Link Multiple NRO Bank Accounts:
    You can link multiple NRO bank accounts to your trading account, offering greater convenience in managing funds.

  8. Trade in Derivatives (F&O) Segment:
    Unlike NRE accounts, NRO accounts allow you to trade in the derivatives (F&O) segment.

  9. No Stock Restrictions:
    All stocks can be purchased in an NRO account, with no restrictions, unlike an NRE account where certain stocks may be restricted.

  10. Facilitates Online Fund Transfer:
    Seamlessly transfer funds online, making it easier to manage your trading activities.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article

Still need help?

Create Ticket