What happens to the resident demat account after becoming NRI?

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.