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Can an NRI account be converted to a resident account?

  • Closing the NRI account and opening an individual resident account online is recommended. See How do I close my Zerodha account? and How do I open an account online? .
  • If there is an NRE and an NRO account, only one can be converted to a resident account. Multiple resident trading accounts cannot be opened with the same PAN. Hence Zerodha will do a closure cum transfer for the non-convertible account.

Yes, an NRI account can be converted into a resident account. To convert an account, the following documents are required:

Application form

Demat Debit and Pledge Instruction (DDPI) form (PDF) is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted. However, DDPI is optional. If clients do not wish to submit the DDPI, CDSL T-PIN can be used for authorisation. See What is Demat Debit and Pledge Instruction (DDPI)?

  • Account modification form (PDF) to update the bank and address details of the demat account.
  • Account closure form (PDF) to close the NRI trading account. Two copies are required if both NRE and NRO accounts are held.
  • Annexure B (PDF) to update the name in the demat account as per the latest documents.

Supporting Documents

  • A passport-size photograph to affix and sign across on the equity and commodity applications.
  • Self-attested copy of the PAN with the signature under Applicant signature .
  • Self-attested address proof. Any of the following documents: Driving licence, voter ID, passport, Aadhaar card or bank statement. If Aadhaar is being submitted as proof, ensure that a masked Aadhaar is submitted, i.e., black out the first 8 digits of the Aadhaar number. Only the last four digits should be visible. To download a masked Aadhaar online, visit and tick the Do you want a masked Aadhaar? option while downloading Aadhaar.
  • A bank account proof in the client's name. The bank proof can be one of the following: A personalised cancelled cheque with the name printed on it, bank statement, bank passbook copy with the bank account number, bank logo, seal, MICR, and IFSC code clearly visible.
  • An income proof to trade in F&O. The income proof can be one of the following:
    • Bank statement for the last six months with an average balance of more than ₹10,000.
    • The latest salary slip with gross monthly income exceeding ₹15,000.
    • ITR acknowledgement with gross annual income exceeding ₹1,20,000.
    • Form 16 with gross annual income exceeding ₹1,20,000.
    • Certificate of net worth more than ₹10,00,000.
    • Statement of demat holdings with current holdings value exceeding ₹10,000.
  • A self-declaration (PDF) needs to be submitted if there is a minor mismatch in the name between the supporting documents.

In-person Verification (IPV)

As part of the mandatory In-Person Verification (IPV) requirement for all brokers, a Webcam or a physical verification is required. See What is In-Person Verification (IPV), and why is it required?

Need help? Call on +91-080 4719 2020 or 080 71175337 or or create a ticket.

Once all the documents are ready, e-mail the soft copy of all the forms to [email protected] The forms will be reviewed in case any corrections are required. After the forms are reviewed, courier the documents and a cheque in favour of Zerodha Broking Limited for the following amount:

  • ₹400 towards Equity trading account opening charges.
  • ₹600 towards Equity and Commodity trading account opening charges.

Courier all the documents to the following address:

153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

To know all the charges involved while trading and investing, visit

Did you know? The commodity segment can be activated online once the resident account is opened. To know how to enable the segment, see How do I open a commodity account?