{"id":20466,"date":"2026-10-27T11:36:30","date_gmt":"2026-10-27T11:36:30","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=20466"},"modified":"2026-10-27T11:36:33","modified_gmt":"2026-10-27T11:36:33","slug":"what-happens-to-your-existing-ri-demat-account-after-becoming-an-nri","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/what-happens-to-your-existing-ri-demat-account-after-becoming-an-nri\/","title":{"rendered":"What Happens to Your Existing RI Demat Account After Becoming an NRI?"},"content":{"rendered":"
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Moving abroad for work, studies or business is a big life change, and your Indian investments need to change with it. Many investors keep using their old resident (RI) trading and demat account after relocating, not realising that Indian regulations require the account status to be updated once they become a Non-Resident Indian (NRI).<\/p>\n

The good news is that you no longer need to close your old account and start from scratch. At Navia, your existing resident account can be converted into an NRI Demat Account<\/a> with the same holdings, through a simple documentation process.<\/p>\n<\/div>\n

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Quick answer<\/h2>\n

Once you become an NRI, your resident demat account cannot continue as it is. It must be re-designated as an NRO Demat Account, and your resident savings account must become an NRO bank account.<\/strong> With Navia, you do not have to close your existing account: submit the RI to NRI status change documents, and your holdings, trading and even NRO F&O Trading continue under your new NRI status.<\/p>\n<\/div>\n

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Moved abroad recently?<\/strong>Convert your existing Navia account to NRI status \u2014 no closure, same holdings, NRO F&O available.<\/span><\/div>\n

Email the NRI Desk \u2192<\/a><\/div>\n<\/div>\n

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Key takeaways<\/h2>\n