Short answer

You can switch from your existing CP code setup to the Non-PIS account to trade F&O without CP code restrictions. As per the SEBI circular, the mandatory CP code requirement for NRIs has been removed, allowing you to access all trading segments directly through your NRO Non-PIS account.

Before you begin

Complete these requirements before starting the migration:

Close all open positions in your CP code account

Withdraw all funds from your CP code account

Verify no pending settlements or obligations

Steps to migrate

Request CP code deactivation from Orbis: Email support@arrow.trade and confirm that you have closed all positions and withdrawn all funds. Wait for Orbis to send deactivation confirmation.

Request migration from iRage: Once Orbis confirms deactivation, share the confirmation email by creating a ticket.

Complete migration: After iRage receives your request, wait up to 72 working hours for processing. You will receive confirmation from iRage when the migration is completed.

After migration

Your Non-PIS account will allow you to:

Did you know? From 1 September 2025, NRO Non-PIS accounts will pay reduced brokerage of 0.5% or ₹50 per executed order (whichever is lower) across all segments.

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.