What happens to the resident demat account after becoming NRI?

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Once you become an NRI, you have the following choices:

  • Convert your resident demat account to an NRO demat account. This will transfer all holding to the new account. You can sell these shares on a non-repatriation basis.
  • You could transfer (offline) them to a family member in India and close the resident demat account.
  • You can continue holding them in your resident India account on a non-repatriable basis.

Please consult your stock broker for more details.


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