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Can NRI maintain demat account in India?

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Yes, NRI can maintain an NRI demat account.

If you are an NRI and still hold a demat account which you opened when you were in India, it's important to close that demat account and open a new demat account for NRI.

In a similar way, if you were an NRI and now moved back to India, it is required by law to close the NRI demat account and open another demat account.

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