What happens to my holdings during conversion to an NRI account?
When you convert your resident Demat account to an NRI-compliant account (such as an NRO Non-PIS account), FYERS ensures that all your existing holdings and funds are transitioned in compliance with SEBI and FEMA regulations for non-resident investors.
Changes after NRI conversion
- Holdings transfer – All securities in your resident Demat account (equities, bonds, and mutual funds) will be moved to your new NRO Non-PIS Demat account.
- Cash balance adjustment – Any funds in your trading ledger will be refunded to your old registered bank account or shifted to your new NRO-linked account, depending on your updated KYC and bank details.
- Change in trading access – After conversion, trading will be limited to segments permitted under NRI regulations. Intraday or derivatives access will require specific approvals and compliance conditions.
Before initiating the conversion, clear all open positions and ensure your new NRO Demat and bank accounts are active to prevent delays.
What If...
| Scenario | What you should know |
|---|
| You forgot to provide new bank details | Refunds may be delayed—ensure your new NRO account is updated in FYERS records. |
| You still have trades pending at the time of conversion | Settlement and holdings transfer will occur only after clearing obligations. |
| You want to re-convert to a resident account | A fresh KYC and documentation process will be required under SEBI norms. |
Last updated: 8 Aug 2025
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