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Investment & Financial Planning

Normal Demat Account Status After Becoming an NRI

Varun GuptaBy Varun Gupta |Last Updated: December 26, 2025
Normal Demat Account Status After Becoming an NRI
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  2. Investment & Financial Planning
  3. Normal Demat Account Status After Becoming an NRI
  4. Reading Time: 6 mins

Changing your residential status from an Indian resident to a non-resident indian is overwhelming but lowkey exciting. Overwhelming because changes in residential status affect one's finances, lifestyle, banking, investments, and a lot more. 

Talking specifically about investments, understanding this one change is essential to successfully continue your financial journey, even after moving abroad. In this guide, we will discuss what happens to your regular demat account when you become an NRI. 

Varun Gupta
Varun Gupta(Tax Expert)

Mr Varun is a tax expert with over 13 years of experience in US taxation, accounting, bookkeeping, and payroll. Mr Gupta has not prepared and reviewed over 5000 individual and corporate tax returns for CPA firms and businesses.

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Frequently Asked Questions

When you become an NRI, your normal demat account must either be closed or converted to an NRI demat account.

Your investments will remain yours, but you must update your account to an NRI-compliant one.

If you do not update your NRI status, severe financial and legal complications will ensue.

The penalty for an NRI on using a resident demat account is up to three times the account balance, or maybe Rs 5000 per day from the day you attain the NRI status.