Converting Demat Account to NRI Account: What You Need to Know

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:
  1. Transfer of Holdings: All your current holdings will be moved to your NRO Non-PIS Demat account.
  2. 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.
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