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NRI FAQs 24 May 2026 19,540

Process for shifting NRE Trading and Demat Account from Existing Broker to ProStocks, when there is no change in PIS Bank :

  1. Write to your Present Stock Broker for providing you Close and Transfer Instruction Form for the closure of Demat Account and keep ready. It will zero cost for closure as well as shifting of your entire holding to your new Demat Account with ProStocks.
  2. Fill ProStocks Account Opening Form.
  3. ProStocks will open your NRE Trading and Demat Account.
  4. Go and submit close and transfer instruction to your Present Stock Broker. Your shares move to your New Demat Account with ProStocks.
  5. Submit Change of Stockbroker to PIS Bank.
  6. The above is valid where your Existing PIS bank is anyone out the following 5 Bank.
    1. Axis Bank
    2. HDFC Bank
    3. Indusind Bank
    4. Yes Bank