What is NRI Demat Account?

An NRI Demat account is an account for NRIs to hold the securities in electronic format. It is one of the mandatory requirements for investing in Indian stock markets that makes trading secure, easy, and helps one to operate from anywhere in the world.

An NRI Demat account can be opened with banks offering 3-in-1 account services, or stockbrokers providing depository services or with a depository participant.

An NRI is required to pay below charges for opening and maintaining an NRI Demat account

• One-time account opening fee
• Annual maintenance charges
• Charges for each transaction debit/credit
• Any other charges like pledge fees etc.

An NRI is required to open Repatriable (NRE) Demat account and/or Non-Repatriable (NRO) Demat account depending on whether NRI is trading with or without repatriation benefits. Once the Demat account is opened, it is required to be linked with the NRE/NRO bank account and trading account to start trading.