Non-Repatriable Demat Account

• Investment in Indian Securities

NRIs can use a non-repatriable Demat account to invest in a wide range of Indian securities, including stocks, mutual funds, bonds, and other eligible financial instruments.

• Funds Must Remain in India

The distinguishing feature is that the funds used for investments and any earnings from those investments must remain within India. These funds cannot be repatriated to the NRI's foreign bank account.

• Joint Holding

NRIs can hold a non-repatriable Demat account jointly with another NRI or a resident Indian. However, certain restrictions may apply, especially for specific types of securities.

• Nomination Facility

Account holders can nominate a person to receive the securities and funds held in the account in case of the account holder's demise.

• Tax Considerations

NRIs should be aware of the tax implications associated with their investments in India. Different types of investments may have varying tax treatments, and tax benefits may be available depending on Indian tax laws and double taxation avoidance agreements (DTAA).

• Power of Attorney (PoA)

NRIs can appoint a Power of Attorney (PoA) to manage their account and make investment decisions on their behalf. This allows NRIs to delegate authority to make investment decisions based on their preferences.