How to activate currency segment on Zerodha

Tue, 12 May 2026 00:00:00 +0000

This guide explains how to activate the currency derivatives segment on an existing Zerodha account, enabling trading in currency futures and options on the NSE and BSE currency platforms.

Prerequisites

An active Zerodha trading and demat account with the equity segment enabled.
Income proof: the latest ITR acknowledgement, three months of salary slips, six months of bank statement, or a Chartered Accountant-issued net worth certificate.
Understanding that currency derivatives on NSE/BSE are cash-settled, based on the RBI reference rate for the respective currency pair, and are not the same as forex spot trading or international remittances. SEBI and RBI regulations prohibit speculative currency derivatives positions that are not backed by an underlying hedging need, though this restriction is enforced at the portfolio level rather than at individual trade entry.
NRI accounts are restricted from currency derivatives trading under FEMA. Resident Indians with currency exposure (import/export businesses, foreign loan obligations) are the primary eligible users, though retail participation is also permitted within SEBI-specified position limits.

Step-by-step procedure

Step 1: Understand what the currency segment offers

The currency derivatives segment on NSE (NSE-CX) and BSE (BSE-CX) provides access to:

Currency Segment on WebNotes

How to activate currency segment on Zerodha

Step-by-step procedure

Step 1: Understand what the currency segment offers