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

April 26, 2017account demat NRI permission rbi

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

2 Answers

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• No permission is required from RBI to open a demat account. Holding securities in demat only constitutes change in form and does not need any special permission.

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No permission is required from RBI to open a demat account. Holding securities in demat only constitutes change in form and does not need any special permission.