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Question #46Financial Education
Financial Education
Question #46

Can I change my tax status from Resident Indian (RI) To NRI?

A change of tax status from RI to NRI is accepted only by the following mutual fund houses: Baroda Pioneer Mutual Fund DHFL Pramerica Mutual Fund Franklin Templeton Mutual Fund HSBC Global Asset Management IDFC Mutual Fund JP Morgan Asset Management Reliance Mutual Fund Taurus Mutual Fund To change your status from RI to NRI for the above fund houses' schemes, all you have to do is: Open a NRE or NRO bank account, and Send us the following documents: Your bank account proof – You can send us a cancelled cheque leaf from your NRE bank account, with your name pre-printed on it. If your name does not appear on the cheque leaf, then please send us your latest bank account statement along with the cancelled cheque leaf. The signed KYC Change Form bearing your new address – Besides the other details, please enter your new residency status in this form (Section C, Point 2). please find the attached kyc change form. A copy of your passport and an overseas address proof - A bank statement would be sufficient. Alternatively, it could also be a copy of your driving license, latest gas bill, bank passbook with some recent transactions or your utility bills. A signed status change request letter - This letter should request for a change in your residency status and bank account details. You can find the attached a template of this letter in this email. Please make sure that, all the documents must be self-attested.
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