Does NRI need new trading account on becoming resident Indian or vice versa?

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.

Yes, an investor needs to open a new trading account with the broker with the change in their residency status. An NRI cannot invest with a normal resident trading account and requires to open an NRI trading account and a resident Indian cannot invest with an NRI trading account and requires a resident trading account.

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

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Does NRI need new trading account on becoming resident Indian or vice versa?
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