Comment on NRI trading on Indian Stock Exchanges

Rahul Srivastav commented on 31 Oct 2016, 03:33 PM

Hi,

I have a query related to opening of a new demat account at your DP .

If a citizen of France but of Indian origin (OCI) who has returned to Indian in 2015 and is living and working here and is a resident Indian taxapayer. He has an Indian savings bank account and gets salary in Indian rupees.

If he wishes to open a demat account, should this be classified as an Indian Resident account as the BO is a resident tax payer in India ?

In KYC form, should it be mentioned “Other” in citizenship but “Resident Indian” as the residential status ?

Regards,
Rahul

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