Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
NRIs can have as many as NRI Demat Accounts as they want. In most cases, NRIs open 2 demat accounts (NRE and NRO Demat Account) for repatriable and non-repatriable transactions.
For repatriable transactions, they have to maintain an NRE demat account and for non-repatriable transactions, they have to open an NRO demat account.
As per the RBI regulations, they have to maintain a separate NRO and NRE demat account to track the repatriable and non-repatriable securities. Although, they can only have one NRI PIS bank account (required for trading on repatriation basis) with a designated bank approved by RBI.
