Which documents are required to begin NRI derivative trading?

Non-resident Indians (NRIs) can trade in the F&O segment in NSE/BSE through an NRO non-PIS account. Requirements for F&O trading for NRIs are:

1. Status should be of an NRI. Reside outside India for more than 182 days, hold Indian citizenship or be a Person of Indian origin
2. You must have a PAN card
3. You need to have an NRO (Non -resident ordinary) bank account
4. Proof of address (Indian & overseas)
5. CP (clearing participant) is mandatory for derivative trading through a clearing member. Shoonya by Finvasia is a clearing member of NSE.
6. One income proof – Documents accepted as income proof are: A) 6 months’ bank statement B) 3 months’ salary slips C) Latest ITR (Income Tax Return) D) DEMAT holding statement E) Net worth certificate F) Copy of Form 16

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