Eligibility Criteria for Opening an NRI Trading and Demat Account in India

If you're looking to open a Non-Resident Indian (NRI) trading and demat account in India, you must fall under one of the following categories:

1. Non-Resident Indian (NRI):

An individual who has stayed outside India for more than 182 days in a financial year.

2. Overseas Citizen of India (OCI):

A foreign national who:

• Was eligible to become a citizen of India on January 26, 1950.
• Was a citizen of India on or after January 26, 1950.
• Belonged to a territory that became part of India after August 15, 1947.
• Minor children of such individuals are also eligible, except those who have ever been citizens of Pakistan or Bangladesh.

3. Person of Indian Origin (PIO):

A foreign citizen (excluding nationals of Pakistan, Afghanistan, Bangladesh, China, Iran, Bhutan, Sri Lanka, and Nepal) who:

• Held an Indian passport at any time.
• Has parents, grandparents, or great-grandparents who were born and permanently resided in India, as defined in the Government of India Act, 1935, and other territories that became part of India thereafter, provided they were never citizens of the above-excluded countries.
• Is a spouse of an Indian citizen or a PIO.