what financial matters to take care for permanent status change from resident Indian to NRI?
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I’m planning to become NRI soon. Probably from next financial year. And may never return to resident status again. What all financial matters need to fix before leaving India or after changing to NRI status ?
Please suggest on below points.
- Savings bank accounts
- Credit cards
- Demat accounts
- Rules for existing and fresh stocks and mutual fund holdings
- Balnace in EPF
Appreciate valuable suggestions
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Add, EPF, PPF, Govt Schemes (if invested in any of those)
Close any postpaid connections, sim cards and check for any Loans, FDs
Check any insurance, SIP, EMI payments are going on from your accounts
Is it mandatory to close mobile connections?
Can I still use it abroad for receiving otps atleast?
Any auto-pay set from accounts will be valid even if it get converted to nro account right?
Came across this
https://arthgyaan.com/blog/checklist-shifting-a...
Thanks. 😊
I have a valid visa. but abroad address proof and mobile number is not there now.
I have a savings account with kotak, I will try same.
How much is the minimum balance requirement for kotak nro?
If you have Airtel sim with valid Rs 99 or above plan you will get OTP without any issues.
In credit cards like HDFC, SBI you can add your International SIM number.
if you are planning to open any account with new gen apps using video kyc, create them while you are in India as most of the video kyc requires realtime location and Indian UP address
Thanks 
I heard other operators have issues unless recharged with a roaming plan. So I will port to Airtel
Accounts opened with new gen apps are considered as resident savings account right?
Is it legal to keep using them as NRI?
i’m not sure about legality.
any suggestions please