How to convert a resident demat account to an NRI demat account?

You can convert your resident demat account to an NRI demat account by submitting application forms, identity documents, address and bank proof along with a ₹500 fee. The conversion takes up to 7 working days, during which your Kite access is temporarily suspended, though you can view holdings through CDSL Easi. You can only convert a resident account to an NRO account, not an NRE account. Before starting, ensure your residential status is marked as non-resident on the ITD website.

Documents required for conversion

If your KYC status is non-resident, you don't need to notarise documents. If not, you must notarise all documents through the Indian embassy, authorised officials of overseas branches of scheduled commercial banks registered in India, public notaries, court magistrates, judges, or Indian embassy/consulate general in your country of residence. Create a ticket mentioning your PAN and date of birth to check KYC status.

The table below shows the documents required to convert a resident account to an NRI account:

Type of document	Requirements
Application form	Equity application form (PDF). Sample equity form (PDF). Refer to the signature guidelines (PDF) to learn how to sign all the forms.
Account closure form	Account closure form (PDF). Fill out the correspondence address as per the existing account. Sample copy (PDF).
Account modification form	Account modification form (PDF). Sample copy (PDF).
Foreign Account Tax Compliance Act (FATCA) declaration	FATCA declaration (PDF). Sample FATCA form (PDF). TINs for countries can be found on OECD. The common TINs are as follows: USA: SSN, EIN or ITIN Canada: SIN UK: UTR or NINO Singapore: NRIC or FIN Australia: TFN
Foreign Exchange Management Act (FEMA) declaration	FEMA declaration (PDF). Sample FEMA form (PDF).
NRI client details form	NRI client details form (PDF). Sample NRI client details form (PDF).
Passport	Indian passport Self-attested and notarised valid passport copy with the place of birth as India, and a valid visa. Foreign passport Self-attested and notarised valid passport, visa and the PIO, OCI or resident card.
PAN	Self-attested and notarised PAN copy.
Address proof	Self-attested and notarised copy of the Indian address proof if available. Self-attested and notarised copy of the overseas address proof. The address proof can be any of the following: Driving licence Foreign passport Utility bills Bank statement Banker letter attested by the bank (on the bank's letterhead) (PDF) Rental agreement, or lease, or sale deed Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs. Resident permit card Overseas Citizen of India (OCI) card
Marriage certificate	A notarised hard copy of the marriage certificate if the name has changed due to marriage.
Annexure B	Annexure B (PDF) to update the name in the demat account as per the latest documents. Sample copy (PDF).
Immigration copy	If the client is in India and submitting the documents to the Zerodha branch or if the notary is being done in India, the latest immigration copy should be provided.
Self-declaration	A self-declaration (PDF) if there is a minor mismatch in the name between the supporting documents.
Banker letter	Banker's signature letter (PDF) if your signature has changed. It must have your new signature and the seal and signature from the bank. If your current signature does not match the previous KYC records, you will need to provide a Banker's signature letter (PDF) from your bank (Indian or Overseas).
Bank proof	Self-attested personalised cheque or bank statement from the NRO bank account.
Income proof	Due to their classification as Clients of Special Category (CSC), NRIs must submit self-attested income proof while opening an account. Income proof can be any of the following: Bank statement or passbook for the last six months. The latest salary slip. Form 16 or Income Tax Return (ITR) acknowledgement. Net worth certificate. Statement of demat holdings.

Steps to convert your account

The steps to convert a resident account to an NRI account are as follows:

1. Pre-conversion requirements:

Clear all debit balances in your account.
Withdraw any existing credit balance.
Close all open positions, including MTF.
Verify your name and signature match existing account records.

2. Document preparation:

Download and fill out the required forms.
Gather supporting documents.
Ensure all signatures match your existing signature proof. The signature in the existing account can be found by visiting console.zerodha.com/account/documents, selecting Signature proof in the drop-down menu, and clicking on E-mail to me.

3. Initial submission:

Email all completed documents to [email protected] .
Wait for document review and feedback.
Make any corrections if requested.

4. Complete In-Person Verification (IPV):

Visit signup.zerodha.com/ipv.
Note the 4-digit OTP shown on the screen.
Enable your camera.
Show the OTP while being clearly visible.

5. Final submission:

Courier the documents and account opening fee of ₹500 (cheque payable to Zerodha Broking Limited) to Zerodha's Bangalore office:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

Nominee

You can add resident Indians and NRIs as nominees to your Zerodha account. For NRI nominees, you must provide an Indian address and mobile number.

Required details (based on CDSL requirements):

Your nominee's identification: PAN, Aadhaar, passport, or driving licence number
Your nominee's mobile number and email ID
For minor nominees
- Guardian's contact details and ID number must be provided, along with the minor's contact details.
- If minor’s contact details are not available, the guardian’s contact details can be considered instead.
- You may also use your own contact details for the minor.

While you don't need to submit ID proof, Zerodha recommends providing valid ID proof for accuracy.

FATF Compliance (Blacklisted & Greylisted Countries)

Blacklisted countries: NRI clients residing in blacklisted countries cannot open a Zerodha account as per Financial Action Task Force (FATF) guidelines.
Greylisted countries: Clients in greylisted countries may open an account only after Zerodha’s compliance team approves.

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