Re-KYC for zerodha account as NRI

The individual should preferably convert the Zerodha account to NRI status rather than continue as resident. Existing investments generally can be retained, though bank and demat accounts need compliance conversion. Indian capital gains remain taxable, and DTAA/FEMA provisions should be properly considered.

• I already have my Kotak bank account with nre/nro status
• Is there a way to know implications of which asset I can keep before actually doing non-resident conversion of zerodha account?

@ Pranav Agrawal

You have to write to your Broker [ Zerodha or any other ] asking for necessay forms to be filled for converting your account to NRI account.

Regarding the Shares, Mutual Funds etc accumulated as a Resident, when you sell anything in future, the taxation on any profit / loss would be applicable as per your NRI status, provided your Broker account has been converted.

Your Broker should also tell you, which Shares / Mutual Funds cannot be held by an NRI, those may need to be disposed off immediately.

Yes, Zerodha will always ask for re-KYC if your residential status changes from resident to NRI. This is primarily for regulatory reasons.

You should update:

- PAN details
- overseas address proof
- passport/visa copy
- FEMA declaration
Appropriate details of bank accounts, including NRE and NRO accounts

The trading accounts of many of the residents can't be used as they are after converting into NRI and Zerodha may ask you to convert the account into an NRI account rather than simple Re-KYC.

Also see if there is any need to transfer your demat portfolio to the new demat account of your NRI. It's best to reach out to Zerodha support directly as they normally offer a separate NRI onboarding procedure and documents list.

Make sure to not ignore the notice, else there will be trading restrictions later.