Opening of Accounts

Bank Account

• SNRR Account (Special Non-Resident Rupee Account): For INR-denominated transactions related to investment in Indian securities and is opened with AD Category-I banks. In India, AD Category-I banks are those banks which are authorized by the Reserve Bank of India (RBI) to deal in foreign exchange transactions.
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• FCNR Account (Foreign Currency Non-Resident Account): Optional. Allows holding funds in foreign currency. This is useful for temporary parking before conversion to INR.

Demat Account

• BO (Beneficial Owner) Account: Opened with NSDL/CDSL through a DDP to hold securities in dematerialized form. Must be PAN-linked and marked as an FPI account for regulatory monitoring.

Trading Account

• A trading account needs to opened with SEBI registered stock brokers to trade on Indian stock exchanges.

Custodian Participant (CP) Code

• A CP code is a unique trading code that an FPI is required to obtain from Clearing Corporations. This CP code helps FPI to settle trades through multiple Trading Member(s).