Hi,
In case one has to travel out of country because of his/her job and has to stay outside of the country for more than an year.(becomes an NRI)
What process I need to follow to continue with my existing SIP’s . And is there any impact on my existing lumpsum or SIP investments
Hi,
You can continue your SIP investments under the current residential status until you have completed 183 days staying abroad (as per the current IT rules) post which you can open a NRO account and hold the units in that demat account. Currently, NRI accounts are not enabled on COIN. Once such accounts are enabled then you can continue your investments under the NRO account.