Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| S No | Term | Definition | Feedback |
|---|---|---|---|
| 1 | Custodial Participant code (CP code) | CP code is a unique code allocated to an NRI or FPI investor by the Custodian. This code is used by the broker and custodian to settle the NRI F&O trades. | 0 |
| 2 | FATCA | FATCA or Foreign Account Tax Compliance Act is an ACT enacted by the US government to prevent tax evasion by its citizens who are investing in other countries. | 0 |
| 3 | FCNR Account | Foreign Currency Non-Resident or FCNR account is a fixed term account opened by NRIs or PIOs with the purpose to transfer their money in foreign currency to India. | 0 |
| 4 | Non-Resident Indian (NRI) | Non-Resident Indian (NRI) in India is a tax status for a person, who is a citizen of India or of Indian origin, residing abroad. | 0 |
| 5 | NRE Account | A Non-Resident External Saving Bank Account (NRE Account) is for NRIs who would like to invest their foreign earnings in India on a repatriation basis. | 0 |
| 6 | NRE Non-PIS Bank Account | An NRE Non-PIS account is an ordinary NRE saving bank account (without PIS permissions). It is an external saving bank account opened for NRIs. | 0 |
| 7 | NRE PIS Bank Account | The NRE PIS Bank Account is the NRE Saving Bank Account with the PIS permission from RBI to invest in India Stock Market. It facilitates NRIs to trade in stocks using the income earned abroad. | 1 |
| 8 | NRI 3-in-1 Account | A 3-in-1 Account for NRI is an online investment account for Non-Resident Indians. This is a combination of a bank, demat and trading account clubbed together. | 1 |
| 9 | NRI Account | An NRI account is a bank account opened by an NRI in India. It is used to invest money earned in foreign countries, the money earned, or still earning in India. | 0 |
| 10 | NRI Demat Account | NRI demat account is a demat account opened by an NRI, PIO & OCI cardholder. It holds securities (Stocks, Mutual Funds, Bonds, etc.) in electronic format. | 1 |
| 11 | NRI ESOP (Employee Stock Option Plan) | ESOP is a way to reward employees by offering company shares at a discounted rate. NRI ESOP Shares come under the Non-PIS transaction and are taxable in India. | 0 |
| 12 | NRI Non-Repatriable Demat Account | A demat account in India with sub-status as NRO Repatriable. This demat account is liked with an NRO Bank Account which is not fully repatriable. | 0 |
| 13 | NRI Non-repatriation | NRI Non-repatriation refers to the restriction on the movement of Indian Rupee funds from NRO Saving Bank Account to a bank account outside India. | 1 |
| 14 | NRI Repatriable Demat Account | A demat account in India with sub-status as NRI Repatriable. This demat account is liked with an NRE Bank Account which is fully repatriable. | 0 |
| 15 | NRI Repatriation | NRI repatriation allows NRIs to freely move their foreign earnings invested in India to their country of residence. NRE Bank account is designed for this. | 1 |
| 16 | NRI Trading Account | An NRI Trading Account allows Non-Resident Indians to invest/trade online in Stocks, Stock Derivatives, IPOs, Mutual Funds, and Bonds at Indian stock exchanges i.e. BSE and NSE. | 0 |
| 17 | NRO Account | The NRO account allows an NRI to receive funds in Indian or foreign currency and the interest earned is subjected to income tax in India. | 0 |
| 18 | NRO Non-PIS Bank Account | An NRO saving bank account, without PIS permission, is known as NRO Non-PIS Account. This account is used to manage money earned in India. | 0 |
| 19 | NRO Non-PIS Trading Account | An NRO Non-PIS demat and trading account for NRI customers who would like to invest their earnings from India in Indian Stock Markets. | 1 |
| 20 | Overseas Citizen of India (OCI) | The OCI is an immigration status permitting a foreign citizen of Indian origin to live and work in the India indefinitely. | 0 |
| 21 | Overseas Corporate Body (OCB) | It is a company, partnership firm, society, overseas trust, and other corporate body located outside India owned directly or indirectly by NRIs with at least sixty percent of beneficial ownership. | 0 |
| 22 | Person of Indian Origin (PIO) | Person of Indian Origin (PIO) means a person whose ancestors were a permanent Indian resident. | 0 |
| 23 | Portfolio Investment Scheme (PIS) | PIS permits an NRI to invest in Stocks and Mutual Funds through stock exchanges in India. NRIs can invest on a repatriation or a non-repatriation basis through PIS. | 0 |
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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