Can NRIs have Demat Account in India?

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, 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.

Topic: NRI Demat Account - Online Opening Procedure, Charges, Rules Article

Comments

Add a public comment...

Find more questions on this topic

Can NRIs open demat account in India?
Can NRI open a joint NRI Demat account?
Do I need to get RBI approval before opening my Demat Account?
Does NRI need to open NRI Demat account if he has resident Demat account?
Can someone else, residing in India, operate my Demat Account?
Can NRI hold a demat account in India?
Can NRI maintain demat account in India?
How to open NRI Demat Account online?
Can stocks be held in one demat ac irrespective basis of repatriation?
Can an NRI nominate or be nominated in the demat account? Can a person resident in India be a nominee in NRI Demat account?
What bank account details are to be given during NRI Demat ac opening?
Where to open NRI Demat Account?
Do I need RBI permission for NRI Demat Account?
Does NRI need to move holdings from resident Demat to NRI Demat account?
Can NRI open demat account online?
Can rights/bonus shares be issued to NRI?

Ask Your Question