Can Demat account be linked to NRE / NRO account?

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An NRE Demat Account should be linked with NRE Bank Account (PIS or Non-PIS).

An NRO Demat Account should be linked with NRO Bank Account (Non-PIS) for non-repatriable transactions.

An NRI has to maintain a separate Demat account on repatriable and non-repatriable basis. Both the accounts can be opened with the same broker but linked to different bank accounts (NRE and NRO).

When it comes to an NRE account, your Demat account must be under PIS (Portfolio Investment Scheme). For an NRO account, you do not need to follow PIS rules.

Check NRE Vs NRO Account for differences between these two accounts.

Type of Account for NRI

An NRI needs NRE Bank (with PIS permission), Trading and Demat account to trade in Equity on repatriation basis. For trading in equity on non-repatriation basis, they need NRO Bank, Trading and Demat account. The RBI PIS permission is not required for investing on a non-repatriation basis. Investment in Mutual Fund and trading in Equity and Current F&O is only allowed through NRO accounts.

Products Trading Account Bank Account Demat Account
Equity (Repatriable) NRE (PIS) NRE (PIS) NRE
Equity (Not-Repatriable) NRO NRO NRO
Mutual Funds (Repatriable) NRE NRE NRE
Mutual Funds (Not-Repatriable) NRO NRO NRO
Futures & Options NRO NRO NRO


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