I have demat account in India as resident, what if I become an NRI?

If you have opened an account in India as an Indian resident but later shifts abroad and becomes an NRI, you need to convert your resident account to an NRO demat account. Once all of your demat account holdings are transferred to new account, you can sell it on a non-repatriation basis.

Also, you can sell shares in India or transfer it to your family member in India and close the current demat account as resident.