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    How to Change in Tax Status in existing MF Folios?

    In case of RI to NRI conversion cases - This option is available in RI/NRO Non-PINS accounts only. With this feature, customers can update the tax status mismatch in existing MF folios online on our portal.

    Process Flow:

    • Customer has to select Mutual Fund > Services > “NRI Tax Status option” to request for tax status updation of eligible folios. Customer will get eligible folios as below snapshot. Customer can select any number of folios and click on “Send request” option.

    • Post submitting, customer needs to download the prefilled request form (mandatorily) and re-upload the same with prefilled details, signature and other details (if any) and click on “Continue” option.

    • Customer will be redirected to Mutual Fund > Orders > NRI Tax Status Order Book automatically and he will be required to upload downloaded request form with attested signature and other details including one bank proof as per given instructions. Customer will be getting option to reject the request and can place order before the Document upload. Once Document is uploaded customer will not have any option to cancel the request. OPS team will be having the right to accept or reject the request.

    • Post submitting document, request status will be changed to “Document Uploaded”

    • Ops team will do the backend process and client can track the further status i.e., Sent to RTA/Executed/Rejected status will be updated in Mutual Fund > Order > NRI Tax status Order Book.

    • If request is rejected, rejection reason will be updated in “NRI Tax Status Order Book”. Post clicking on “Rejected”, rejection reasons can be viewed.

    • If it gets executed, it will be shown as “Executed” as below in “Tax Status Order Book”. Customer can be able to place order using this folio post successful execution.

    • Bank Related request : Bank has introduced five new services in internet banking for NRI demat customers and one is closure of the demat.Team can also view other service requests which we have introduced like CML,TIFD booklet,Demat nominee,Income range > I mobile > Services Section

    Can NRIs invest in One Click Equity? Is the website not accessible from certain countries? Can you please clarify the reason and when would it be available? How to cancel Physical Contract Note? Unable to Invest in MF Existing folio On which exchanges will I be able to buy and sell shares? Which shares will I be able to buy and sell? Do I get online confirmation of orders and trades? Shares reflecting in Portfolio not in Demat Shares reflecting in my Demat Account not in Portfolio Can I buy and sell shares on the same day in my NRI account (square off on the same day)? Can I trade on margin? Why am I not able to place certain orders and conduct certain actions under Equity products? How is Long-Term & Short-Term capital gain calculated? Can loss from one transaction be set off against gain from another transaction while calculating TDS? Will Losses on Cash transactions be set off against Profits in Derivatives transactions and vice versa for TDS calculation? Will I get any certificate for Tax deducted at source? Can I sell 100 shares in one order, of which 75 bought through IPO and 25 from secondary market? Where can the TDS amount be seen? Can losses of current Financial Year be carried forward to the next Financial Year for set off against profits in that year? How will I be informed of my trade execution? What is a contract note? Can I use the sale amount to buy new shares immediately? For how long would my order be valid for execution? How is my trading limit positive when I have not allocated any funds from my Bank A/c? How do I distinguish between accounts linked to PINS/ Non PINS NRE/NRO account? Do I need to specify my A/c linked to NRE/NRO while placing any buy/sale order? Can I place a buy order in other linked accounts (NRO) or vice versa if I have trading limit available in one linked account (NRE)? Can I withdraw the amount allocated for trading? How do I trade on ICICI Direct? How to invest in Mutual Funds using ICICI Direct? Do I need to maintain two separate trading limits for NRE and NRO accounts? I want to buy shares but I do not have any money in my Bank Account. What do I do? What happens when I allocate the amount for online investing? What is the grandfathering clause? Is trailing stop loss facility being available to NRI customer? Can NRI customers trade in Intraday? What is FEMA regulation? How to pay amount for rights issue? Online path for FNO activation for NRI customer final call payment for right issues Why change MF status from RI to NRI? When can customer change MF status from RI to NRI? What is the process to change MF Tax status online? Can NRI customers trade in futures and options? Are NRIs allowed to avail the MTF facility?