Comment on NRI trading on Indian Stock Exchanges

Udit Sharma commented on 02 May 2016, 11:43 AM

Hi,

Please give a detailed response on these queries:

1.) My existing demat account is with ILFS that was opened via zerodha. Once I change my HDFC bank account linked to zerodha/ILFS to NRO, what will happen to this demat account and the shares that I have in them?
2.) What is the process of closing my existing demat account and opening a new NRI demat account?
3.) How do I transfer my shares from the ILFS demat account to the new NRI demat account?

Would also like to comment on zerodha support. I tried calling to all the numbers provided in your website and even after waiting for more than half an hour I was not able to speak to anyone. The support ticket that I had opened with the same query is also pending since the last couple of days. Please provide better support than this.

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