Nri investment

Vaibhav Pandey (1 Points)

17 April 2019  

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?