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Can an NRI open multiple Demat accounts?

Yes, NRIs can open multiple Demat accounts in India by mapping NRE or NRO account. However, NRI can open only one trading and demat account under the Portfolio Investment Scheme (PIS) route.

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More NRI Trading Questions...

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  1. What is the difference between NRE or NRO bank account?
  2. What are the documents required to open NRI trading and demat account in India?
  3. What are the different types of charges applicable on NRI trading?
  4. Who is Overseas Citizen of India (OCI)?
  5. Who is a person of Indian Origin or PIO?
  6. Can an NRI have two PIS accounts?
  7. Are NRI allowed to invest in ETF?
  8. Can NRI apply for IPO and mutual funds using PIS account?
  9. Are NRIs allowed to participate in rights issues?
  10. Can NRI invest in mutual funds in India?
  11. What are the restrictions on NRI trading in India?
  12. How can NRI trade in equity F&O?
  13. Are NRI allowed to do commodity and currency trading?
  14. Can NRI trade in equity derivatives?
  15. Can NRI do intraday trading?
  16. Which segments are allowed for NRI trading?
  17. Is PIS permission mandatory to open an NRI trading account?
  18. Who is a non-Resident Indian?
  19. How NRI can remit funds on sale of shares?
  20. If an Indian resident becomes NRI, does he require to change the status of his holdings?
  21. If a non-resident becomes resident in India, does he require to change status?
  22. Is TDS applicable on NRI investment in India?
  23. How equity investment in India is taxed for NRI?
  24. Is margin trading available to NRIs?
  25. What is a custodial participant code?
  26. Can NRI invest in Portfolio Management Services or PMS?
  27. Can an NRI open multiple Demat accounts?
  28. Is nomination facility available on NRI Account?
  29. Can an NRI open joint NRI Demat account?

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