This is an efficient way of protecting and safeguarding all your shares and eligible securities by holding in an electronic and dematerialized form. NRIs can easily transfer shares from any other Demat account to NRI account. Also, this Demat account will help the NRIs to do online trading and invest their money in India.

NRI Demat Account: No special permission from the RBI is required by NRIs to open a Demat account, though specific cases may require authorization from the designated authorized dealers. NRIs require separate Demat accounts for securities under the foreign direct investment (FDI) scheme, which is repatriable.

When an NRI returns permanently to India, he must inform his designated authorized dealer of his new status, and request him to open a new account. The securities held in the NRI Demat account needs to be transferred to the new resident Demat account and the NRI Demat account gets closed.

• Elimination of problems associated with physical certificates
• Saves stamp duty, paperwork on transfer deeds
• Gives immediate benefits from bonus shares and stock splits
• Way to get your money/shares faster
• Convenient mode of transacting shares
• Avoids delays due to wrong/incorrect signatures, post, and misplacement of certificates
• Prevents risks like forgery and counterfeit, theft or damage to documents
• Freedom of buying/selling shares through any broker of your choice

• The Repatriable Demat Account: This account is for the shares purchased by using repatriable funds.
• The Non-Repatriable Demat account: This account is for the shares purchased by using non-repatriable funds or when you were an Indian resident.

Banks i.e. Depository Participants offer Demat account. The advantage of holding an account with banks is that it enables quick on-line dealings, ensuring credit of a transaction to the account holder's savings account by the third day.

• PAN card
• Identity proof
• Address, date of birth proof
• A photograph of all the joint holders along with a crossed signature on it
• DP-client agreement on non-judicial stamp paper
• One photograph and signature of nominee