Frequently Asked Questions

Zerodha offers two types of NRI accounts: Non-Repatriable (NRO) and Repatriable (NRE) accounts. NRO accounts are for income earned in India, while NRE accounts are for funds remitted from abroad.

The following documents are typically required to open an NRI account with Zerodha:
   – PAN Card 
   – Overseas Address Proof  (Bank Statements, Utility Bills, Govt. ID with Address)
   – Overseas Bank Account Proof
   – Valid Visa
   – Passport
   – Photographs (Passport Size)
   – NRE/NRO Bank Account Proof ( Cancelled Cheque or Online Statement)

NRIs can trade in most segments available on Zerodha, including equity delivery, equity intraday, equity futures, equity options, currency futures, and currency options. However, NRIs are not allowed to trade in commodity futures.

NRIs can fund their Zerodha NRI accounts through the following methods:

– Wire Transfer: Funds can be transferred from the NRI’s overseas bank account to Zerodha’s designated bank account.
– NRE/NRO Account: NRIs can transfer funds from their NRE or NRO bank accounts in India.
– PIS Account: If the NRI has a PIS (Portfolio Investment Scheme) account, they can link it with their Zerodha NRI account.
– Zerodha currently works with the following Banks for NRE PIS Accounts:

1. HDFC Bank Ltd
2. Axis Bank Ltd
3. Indusind Bank Ltd
4. IDFC First Bank Ltd
5. Yes Bank Ltd

Yes, there are certain trading limits for NRI accounts. The maximum limit for equity investments by NRIs is 10% of the paid-up capital of an Indian company, while the overall limit for NRI investments in the Indian stock market is 24% of the paid-up capital.

Yes, NRIs can apply for IPOs through Zerodha, provided they have a valid NRI demat account and a linked bank account.

Zerodha does not provide any research and advisory services.

Yes, NRIs can trade in the derivatives segment on Zerodha, which includes equity futures, equity options, currency futures, and currency options. However, it’s essential to understand the risks associated with derivatives trading before participating in it.

Zerodha may have specific charges and fees applicable to NRI trading accounts. It’s recommended to check the latest fee structure and charges on Zerodha’s website or contact their customer support for accurate and up-to-date information.

• NRO Account: 0.5% of Order Value or Rs 100/Order, whichever is Lower.
• NRE Account: 0.5% of Order Value or Rs 200/ Order, whichever is Lower.
• NRO F&O: Flat Rs 100 per Order.

Apart from Brokerage their will be statutory charges which will be mentioned on the website and can be seen on the contract notes.

As an NRI trading on Zerodha, TDS (Tax Deducted at Source) may be applicable on certain transactions. Here’s a general overview of TDS deductions for NRIs in Zerodha:

1. Equity Delivery Buy:
   There is no TDS deduction on equity delivery transactions.

    

2. Equity Delivery Sell, Intraday, Futures, and Options:
   TDS is applicable on the profits earned from these transactions. The current TDS rate is 15% on short-term capital gains (holding period of less than one year) and 10% on long-term capital gains (holding period of more than one year). However, NRIs can also choose to opt for the presumptive taxation scheme under Section 115G of the Income Tax Act, which involves a flat 15% tax on total trading turnover instead of TDS on individual transactions.

    

3. Dividends: TDS is applicable on dividend income earned by NRIs. The current TDS rate is 10% for dividends exceeding ₹5,000 in a financial year. However, this rate can be lowered or exempted if there is a beneficial tax treaty between India and the NRI’s country of residence.

    

4. Interest: TDS is applicable on interest earned on funds lying in the NRI trading account. The current TDS rate is 15%. However, if the NRI’s total income is below the taxable limit, they can submit Form 15G/15H to the bank to avoid TDS deduction.

It’s important to note that tax regulations and rates may vary, and it’s advisable to consult a qualified tax advisor or chartered accountant to understand the specific tax implications for your situation as an NRI trading on Zerodha.