Non PINS Demat Account query for Non US based NRI

Answers :
Answer Q1: It is ‘technically’ not OK to continue. You should convert ‘Resident Demat’ to ‘NRI DMat account’ what ever is your intention.
Answer Q2: Resident DMat account will remain untouched. You will need to open another ‘NRO DMat account’ So at the end of the process – you will have two DMat ccounts 1. Non-PINS account and 2.PINS Account. All the shares you buy after you become NRI will be credited to PINS account. You can sell shares which are in both accounts.
Answer Q3: No sorry,
Answer Q4: These PINS/Non-PINS account are opened by trading firm. E.g: ICICI Securities, HDFC Securities etc.
Answer Q5:During the period of conversion of RI account to NRO account, any dividend will be credited to RI account. After the conversion, account number remains same, cheque books will be replaced with new cheque book with proper account type. Hope all questions are answered.