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I have an Indian Resident Demat Account. Do I need to open a separate NRI demat account?

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Are you a day trader?

Yes, you need to close the existing Demat Account opened when you were a 'Resident Indian', and a new NRI demat account needs to be opened. The securities held in your old demat account can be moved to the new NRI demat account.

You would need to present documents supporting the acquisition of the securities like contract note or a letter of allotment.

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