What happens to my holdings when converting a Demat account to an NRI account?
When you convert your existing Demat account to an NRI account, the following changes will take place:
- Transfer of Holdings: All your current holdings will be moved to your NRO Non-PIS Demat account.
- Cash Balance Refund: Any remaining cash balance in your account will be either refunded to your existing bank account or transferred to your new bank account.
For more details, please register here.
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