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How to open demat account for NRIs
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07 Feb 2021
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What is Portfolio Investment Scheme?
Under RBI’s PIS, NRIs can open a 3-in-1 account to invest in Indian stocks which integrate your banking, broking and demat accounts.
NRIs need to maintain two types of demat accounts, repatriable and non-repatriable.
Repatriable Demat Account |
Non-repatriable Demat Account |
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Repatriable funds should be parked in an NRE account. |
Non-repatriable funds should be kept in an NRO account. |
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Proceeds from sale can be taken abroad. |
Proceeds cannot be taken abroad. Note: NRI cannot invest in secondary market through this route. |
Based on the type of account you need, fill up the application and submit your KYC documents.
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