Features of NRI Demat Account

• NRI Demat Account maintenance & safe custody: Facilitates maintaining security balance in electronic form.
• Dematerialization:Demat Account for NRI Facilitates converting physical share certificate into electronic balances.
• Rematerialization:Demat Account for NRI Facilitates converting the electronic balances to physical (share certificate) form.
• Account transfers:Demat Account for NRI Facilitates delivery / receipt of electronic balances consequent to market / off-market trades.
• Pledge / hypothecation:Demat Account for NRI Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
• Initial public offer:Demat Account for NRI Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies.
• Disbursement of corporate benefits:Demat Account for NRI Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits such as bonus and rights issues.
• Security lending:Demat Account for NRI Facilitates earning extra income on your dematerialized holdings by the way of securities lending.

•  Note: To opt for Demat facility for NRI and to have the Portfolio Investment Scheme operationalised, please contact any SBI branch authorised to handle Portfolio Investment Scheme.