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First Demat NRI Account Review

First Demat review — multiple brokerage packs, brokerage starting at ₹20 per order, digital trading platforms and a wide range of investment options. make this short

Discount Broker Clients: 500 Since 2026 NSE · BSE · MCX
5/5
Overall rating
Written By: The Top Stock Broker Last Updated: SEBI data verified

First Demat NRI trading account

First Demat NRI accounts are governed by the RBI Portfolio Investment Scheme (PIS), so charges and rules differ from a resident account. A PIS bank account is mandatory for repatriable equity trading.

NRE vs NRO accounts

FeatureNRE (repatriable)NRO (non-repatriable)
Funds sourceForeign earningsIncome earned in India
RepatriationFreely repatriableLimited (USD 1M/year)
TaxationInterest tax-freeInterest taxable

What NRIs can & cannot trade

Set by RBI & SEBI — the same at every Indian broker.

Equity Delivery✔ Allowed
Equity Intraday✗ Not permitted for NRIs
Equity F&O✔ Allowed (non-repatriable, custodian required)
Currency / Commodity✗ Not permitted
Mutual Funds & IPO✔ Allowed (US/Canada residents restricted by some AMCs)

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More about First Demat

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Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.