Can I move my existing resident trading account to NRI trading account?

Yes, you can either convert or move your existing Trading & DEMAT account to an NRO trading & DEMAT account or close your resident account and open a new NRI account. You are not allowed to convert an individual resident account to an NRI-NRE account. Documents required to convert your resident trading account to NRO account are as follows-

• Account Modification Form
• Copy of FEMA declaration
• FATCA Declaration Form
• Resident Trading Account Closure form
• Trading application form
• Notarised Copy of PAN card, overseas address proof, Passport and Visa Notarised Copy.
• NRO Bank account details - Cancelled Cheque (Should be with either Axis, Yes or HDFC Bank only)
• Copy of PIS account/NRO-Investment account letter to map to the trading account. (Should be with either Axis, Yes or HDFC Bank only)

In case you want to update your account to the NRI (NRE) account, you need to close your existing resident account and open a new NRI (NRE) trading account. Share transfer between resident account and NRI (NRE) account is not possible.