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Does an NRI need any RBI permission to open a demat account?

April 26, 2017account demat NRI permission rbi

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Does an NRI need any RBI permission to open a demat account?

6 Answers

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Ans. No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated banks.

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No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated authorities.

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No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated authorised dealers.

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ANS: No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated authorized dealers.

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Yes, permission is required from RBI to open a demat account for investment purposes. However, RBI permission is not required if demat account is opened for dematerialising shares acquired in Primary market either through IPO or ESOP.