Comment on NRI trading on Indian Stock Exchanges

Chandu commented on 29 Dec 2016, 02:01 AM

Nithin,

Can you provide more details around this comment. Do you mean, I’ve a residential demat account with broker A now. Though I’m an NRI for a few months time, I’m remitting money to saving account and investing as I normally do as I was in India.

Now I want to convert resident bank account to NRO account (may be an NRE account too). Once the bank account converts to NRO account, can I maintain the demat account as is?. Otherwise I need to close the existing demat account and ask for new NRO (Non-repartiable) demat account and transfer existing shares?.

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