Transition from NRI to Resident Account in India with FYERS

What should an NRI do upon becoming a resident in India?

If you, as a Non-Resident Indian (NRI), gain resident status in India, you must undertake the following actions:

  1. Notify the Bank: Inform the designated authorised bank, through which you made your investments, about the change in your residential status.
  2. Inform FYERS: It's essential to communicate this change to FYERS as well to ensure your investment records are up-to-date.
  3. Open a New Resident Account: Begin the process of opening a new account reflecting your resident status.
  4. Transfer Securities: Before closing your NRI Demat account, transfer all securities to your new Resident Demat account.
For detailed guidance and to initiate the new account opening process, please fill in your details with us. We will assist you through every step to ensure your transition from an NRI to a resident account holder is seamless.

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