I have Multiple demat accounts but I only use one. Can anyone guide me on whether I should keep the inactive accounts open or close them?
- One of my brokers has requested a payment of about 1k before closing my account.
What are the consequences if I choose not to pay and just leave the account as is?
Alternatively, is it better to pay and close the account? - If I become a non-resident Indian (NRI), can I continue using my local demat account or
do I need to convert it to an NRI account? What are the associated charges for
converting, brokerage, maintanence to an NRI account?
I would appreciate any insights or experiences regarding these matters. Thank you!