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What trading limitations or restrictions apply to NRIs?

NRIs trading with Firstock face certain restrictions, outlined below:

Account Type & Trading Segments:
- NRIs can invest in equity delivery and trade in Futures & Options (F&O) through their NRO Non-PIS accounts.
- F&O Trading: To trade in F&O, you must have a custodian appointed and a Custodial Participant (CP) code. Firstock partners with custodial service providers (such as Orbis) to facilitate this. Note that accounts with a CP code currently cannot trade in the BSE F&O segment.
- Account Mapping:
  - If an NRE account is mapped, only equity trading is permitted.
  - If an NRO account is mapped, you can choose between equity delivery and F&O trading.
Mutual Funds:
- NRIs from the USA and Canada are not eligible to invest in mutual funds.
- NRIs from other countries may invest in mutual funds if they hold an NRI account with Firstock.
Intraday Trading & BTST:
- Intraday trading in equity is not allowed.
- Buy Today Sell Tomorrow (BTST) is unavailable for NRE-PIS accounts.
Sovereign Gold Bonds (SGBs):
- New purchases of SGBs are not permitted. However, any existing units can be held until maturity or sold.
Other Restrictions:
- Trading in currency and commodity segments is not allowed.
- NRIs are not permitted to pledge securities as collateral for trading in F&O.
- Intraday trading in F&O is allowed only if you have a valid CP code.

For further assistance regarding the CP code or any other trading restrictions, please contact Firstock support or raise a support ticket.

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Investments in securities market are subject to market risks; read all the related documents carefully before investing.

Prevent Unauthorized Transactions in your trading/demat account Update your Mobile Number/Email IDs with your Stock brokers/Depository Participant. Receive alerts/information of your transactions on your Registered Mobile/Email for all debit and other important transactions in your trading/demat account directly from Exchange/CDSL on the same day.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

No need to issue cheques by investors while subscribing to IPO.Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worry for refund as the money remains in investor's account.

Procedure to file a complaint on SCORES (Easy & quick). Register on SCORES portal and have the mandatory details for filing complaints on SCORES (Name, PAN, Address, Mobile Number and E-mail ID). Benefits: Effective Communication and Speedy redressal of the grievances.

Dear Investor, if you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non-allotment, the funds will remain in your bank account. As a business we don't give stock tips, and have not authorized anyone to trade on behalf of others.

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge Check your securities/MF/bonds in the consolidated account statement issued by NSDL/CDSL every month.

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Investors are requested to note that Stock broker NCO Securities and Share Broking Pvt Ltd (Firstock) permitted to receive/pay money from/to investor through designated banks accounts only named as client bank accounts. Stock broker NCO Securities and Share Broking Pvt Ltd (Firstock) is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker"

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