--- title: "Convert NRI account to resident: steps & documents." description: "You can convert your NRI demat account to a resident demat account by submitting application forms, identity documents, address and bank proof along…" category: account-opening subcategory: nri slug: convert-nri-account-to-resident-steps-documents canonical: https://support.arrow.trade/account-opening/nri/convert-nri-account-to-resident-steps-documents/ --- # Convert NRI account to resident: steps & documents. > You can convert your NRI demat account to a resident demat account by submitting application forms, identity documents, address and bank proof along… ## Short answer You can convert your NRI demat account to a resident demat account by submitting application forms, identity documents, address and bank proof along with a ₹500 fee. The conversion takes up to 7 working days, during which your Arrow access is temporarily suspended, though you can view holdings through CDSL Easi. You can convert either your NRE or NRO account to a resident account, but not both. ## Documents required for conversion The table below shows the documents required to convert an NRI account to a resident account: Equity application form (PDF). Sample equity form (PDF). Refer to the signature guidelines (PDF) to learn how to sign all the forms. Account closure form (PDF). Fill out the correspondence address as per the existing account. Sample copy (PDF). Account modification form (PDF). Annexure B (PDF) to update the name in the demat account as per the latest documents. Sample copy (PDF). Self-attested copy of the Indian address proof if available. The address proof can be any of the following: A self-declaration (PDF) if there is a minor mismatch in the name between the supporting documents. A bank account proof for linking with Arrow. The proof can be any one of the following: Self-attested personalised cancelled cheque with the name printed on it. A bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible. Self-attested personalised cancelled cheque with the name printed on it. A bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible. Income proof to trade in F&O. It can be any of the following: Bank statement for the last six months with an average balance of more than ₹10,000. The latest salary slip with gross monthly income exceeding ₹15,000. ITR acknowledgement with gross annual income exceeding ₹1,20,000. Form 16 with gross annual income exceeding ₹1,20,000. Certificate of net worth more than ₹10,00,000. Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged) Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000. Bank statement for the last six months with an average balance of more than ₹10,000. The latest salary slip with gross monthly income exceeding ₹15,000. ITR acknowledgement with gross annual income exceeding ₹1,20,000. Form 16 with gross annual income exceeding ₹1,20,000. Certificate of net worth more than ₹10,00,000. Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged) Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000. ## Steps to convert your account The steps to convert an NRI account to a resident account are as follows: ## 1. Pre-conversion requirements: Clear all debit balances in your account. Withdraw any existing credit balance. Close all open positions. Verify your name and signature match existing account records. If your current signature does not match the previous KYC records, you will need to provide a Banker's signature letter (PDF) from your bank (Indian or Overseas). ## 2. Document preparation: Download and fill out the required forms. Gather supporting documents. Ensure all signatures match your existing signature proof. The signature in the existing account can be found by visiting app.arrow.trade/account/documents, selecting Signature proof in the drop-down menu, and clicking on E-mail to me. ## 3. Initial submission: Email all completed documents to support@arrow.trade . Wait for document review and feedback. Make any corrections if requested. ## 4. Complete In-Person Verification (IPV): ## 5. Final submission: Courier the documents and account opening fee of ₹500 (cheque payable to iRage Broking Limited) to iRage's Bangalore office: iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076 ## Nominee You can add resident Indians and NRIs as nominees to your Arrow account. For NRI nominees, you must provide an Indian address and mobile number. Required details (based on CDSL requirements): Your nominee's identification: PAN, Aadhaar, passport, or driving licence number Your nominee's mobile number and email ID For minor nominees Guardian's contact details and ID number must be provided, along with the minor's contact details. If minor’s contact details are not available, the guardian’s contact details can be considered instead. You may also use your own contact details for the minor. Guardian's contact details and ID number must be provided, along with the minor's contact details. If minor’s contact details are not available, the guardian’s contact details can be considered instead. You may also use your own contact details for the minor. While you don't need to submit ID proof, iRage recommends providing valid ID proof for accuracy. ## Broker details iRage Broking Services LLP (SEBI registration INZ000011262), product name **Arrow**. Registered office: Gift City, Gandhinagar. ## Related - Browse more in [nri](/account-opening/nri/) - Open account: [kyc.arrow.trade](https://kyc.arrow.trade) - Trade on Arrow: [app.arrow.trade](https://app.arrow.trade) - Support: [support@arrow.trade](mailto:support@arrow.trade) --- Source: https://support.arrow.trade/account-opening/nri/convert-nri-account-to-resident-steps-documents/ Publisher: Arrow / iRage Broking Services LLP