NRI F&O trades can be cleared only by a Custodian. Orbis Financial Services is a Custodian with whom we have tied up to clear NRI F&O Trades. Following are 3 entities involved in F&O Trading with Navia:

Orbis  (Custodian & Clearing Member)

All your trades in F&O segment is cleared and settled through Orbis with the exchange. Payments and receipts pertaining to your F&O trading should be routed through your Orbis Ledger. 

Navia (Trading Member) 

Order placing will be routed through your Trading Account with Navia. We provide you with online platform for trading in F&O segment. Trading limits will be set based on the funds available in your Orbis  ledger. 

Bank 

You can attach any SB NRO to your Trading Account. Funds are to be transferred directly to Orbis  from the NRO bank account that is linked to your trading account.