Comment on NRI trading on Indian Stock Exchanges

Venu commented on 08 Jul 2016, 07:54 PM

No, the bonus shares will not get credited to your Zerodha demat account. Bonus shares will be credited to the same account that is in the R&T’s (Registrar & Transfer) records as on record date. In this case, it’s your Yes bank demat that they would have recorded. If the account is already closed, you’ll have to make a representation to the R&T and get the shares credited to your new account.

In case you haven’t initiated closure, best to receive credit of such shares and then close.

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