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What are the negatives of operating resident accounts instead of NRI?

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Technically, there are no problems in continuing to operate with residential trading/Demat/bank accounts if proper documents are submitted to prove that investments are done in the capacity of resident Indians.

Topic: NRI Trading Account Charges, Questions, Guide - India Stock Market Article Feedback

Find more questions on this topic

  1. Which segments are available for trading to the NRIs in India?
  2. What all investment instruments are available for NRI or PIO Card Holders in India?
  3. Can NRI apply in IPO, FPO or other public issues?
  4. Can NRI trade in currency derivatives?
  5. Why intra-day trading is not available for NRI in India?
  6. How much brokerage does Zerodha charges to NRI account holders?
  7. What are ICICI NRI account brokerage charges?
  8. Why does a broker charge higher brokerage for NRI trading account?
  9. Can shares bought via PIS be transferred to another NRI Demat account?
  10. How does money transfer between NRI Trading and NRI Bank Account?
  11. Can PIO and OCI invest in the India Share Market?
  12. Does NRI required to change his resident Demat account to Non-resident?
  13. Does NRI need new trading account on becoming resident Indian or vice versa?
  14. What documents are required to open an NRI trading account?
  15. Is there an easy way to open and handle an NRI Trading account?
  16. I have trading account in india whom I don't like I moved to abroad and become NRI,I was thinking of converting my trading acc into NRI bcz of complexity of NRI trading ac, I decided to open a regular trading ac in India will there be any problem?
  17. I was using an ICICIDirect Trading and Demat account when I was resident Indian. My status is now changed to NRI and I wish to open it with discount broker. Can I transfer my existing holdings to the new broker?
  18. What are the negatives of operating resident accounts instead of NRI?
  19. Can NRI bank account be linked with resident trading and demat account?
  20. What is an NRO and NRE Bank Account?
  21. What all documents are required for Custody Account?
  22. Does an NRI require PIS permission to purchase shares in IPOs?
  23. Can NRI receive shares in inheritance?
  24. Why do we need NRI Bank Account? How do I open it?
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