Few queries on conversion into NRO linked account from existing resident account in Zerodha, if someone can please help in the clarification:
I have ICICI account as primary bank account, but going through various links it doesn’t seem to be supported as NRO account. Is this still valid and do I need to open NRO account from the supported bank list?
Also lets say I open a new bank account, do I need to link it first with Zerodha and then ask for conversion or it can be done together as part of conversion?
What is the difference between PIS & non-PIS account and which one is needed?
As per my understanding this conversion will be like closing existing account and opening new one? Correct?
Will there be any taxation involved in conversion?
Does it affect existing login information?
How will the purchase price of my holdings be reflected post conversion?
Can this entire conversion be done before moving abroad and what all documents will be needed to support this in that case?