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What type of bank account details is to be given at the time of the NRI Demat account opening?

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The following bank accounts may be given

  • For non-repatriable - NRO [dividend/interest is repatriable]
  • For repatriable - NRE

The above details should be provided to the broker (DP) with whom you have the demat account. The DP uses this information to directly credit dividend or interest.

(Dividend/interest received on Investments made on repatriation and non-repatriation basis under the Portfolio Investment Scheme is not an eligible credit to NRE (PIS) Account and NRO (PIS) Account respectively).

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