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Can NRIs have Demat Account in India?

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Yes, NRI's are eligible to open and operate the demat account in India.

While a demat account can be opened by NRI without any approval from RBI, the NRI customer needs RBI PIS approval to buy/sell shares in India on a repatriation basis.

Note that the demat account is an online repository of shares. It's an online account similar to a bank account. It holds shares, Mutual Funds, ETFs and, Bonds etc. in electronic format.



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