Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Yes, NRIs can have 2 (or even more) demat accounts in India. There’s no restriction on the number of demat accounts an NRI can hold, as long as:
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Details |
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Number of Demat Accounts |
No limit — NRIs can open 2 or more demat accounts. |
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Account Type |
Must be tagged as NRI Demat Accounts under FEMA rules — not resident accounts. |
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Bank Linking |
Each demat account can be linked to either an NRE or NRO account, and associated with a PIS or Non-PIS setup (depending on your broker and trading needs). |
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Different Depository Participants |
You can open them with different brokers or even the same broker (if their system allows it). |
