I am an NRI living in Germany since beginning of 2017.
I had a resident DMAT account which was largly inactive till end of 2017.
Then I changed my bank account to NRO and started investing in shares.
recently I realized that my DMAT account type also need to be changed to NRO.
Is it a crime if I invested in resident DMAT account even after being an NRI?
What corrective action should I take?
As such the FEMA act has such provisions but get it converted to NRO at earliest. Such mistakes are condoned, unless purposefully done.
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