You can transfer shares from your existing demat account to your NRI Zerodha account. The transfer process depends on several factors: your existing account type (NRE, NRO, or resident), the depository (CDSL or NSDL), and your Zerodha NRI account type (NRE or NRO).
Transfer process by account type
| Existing account type | Existing depository | Zerodha NRI account (CDSL) type | Transfer process |
| NRE | CDSL | NRE | Transfer using CDSL Easiest. Learn how to transfer shares. |
| NRE | CDSL | NRO (Non-PIS) | Transfer using CDSL Easiest. Learn how to transfer shares. |
| NRE | NSDL | NRE | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
| NRE | NSDL | NRO (Non-PIS) | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
| NRO | CDSL | NRE | Transfer using CDSL Easiest. If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| NRO | CDSL | NRO (Non-PIS) | Transfer using CDSL Easiest. Learn how to transfer shares. |
| NRO | NSDL | NRE | Transfer using Delivery Instruction Slip (DIS). If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| NRO | NSDL | NRO (Non-PIS) | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
| Resident | CDSL | NRE | Transfer using CDSL Easiest. If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| Resident | CDSL | NRO (Non-PIS) | Transfer using CDSL Easiest. Learn how to transfer shares. |
| Resident | NSDL | NRE | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| Resident | NSDL | NRO (Non-PIS) | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
Things to keep in mind
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The PIS account linked to Zerodha must match the PIS account linked to the other broker. If the PIS accounts are different:
- A No Objection Certificate (NOC) is required from the bank that issued the PIS account linked to the other broker.
- This NOC must be submitted to the bank that issued the PIS account linked to Zerodha.
- The NOC contains details of previous trades, used to calculate capital gains.
- Clients with an NRO-Non PIS account can update their trade details through Console.
- NRO (PIS) accounts cannot be opened with Zerodha.