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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 to close the Zerodha account? and How to open a Zerodha 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 an Aadhaar is being submitted as proof, ensure that a masked Aadhaar is submitted, To learn how to get the masked Aadhaar, see How to download masked 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 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:

  • ₹500 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 to open a commodity account?
  • Clients can continue using their existing TPIN.