If your residential status has recently changed from Resident (RI) to Non Resident (NRI), you should update your account to NRI status to comply with FEMA and RBI regulations before carrying out further investment journey.

Types of NR Accounts:

Channels to convert your resident account:

ICICI Bank Net Banking

Log into your Net Banking account and follow this path:

Login > Customer Service > Service Request > Click on ‘Convert your SB account to NRO Account’

Nearest ICICI Bank or ICICI Direct Branch

You can visit any of the ICICIdirect or ICICI Bank branches across India and can convert to your resident account to NRI Savings, Demat & Trading Account

ICICI Securities Online Process

For Non-Face to Face process, you need to register on ICICIdirect NRI Webpage and generate ARN. Once journey is complete, customer service team will get in touch and facilitate in account conversion. This process is only applicable if your are initiating the account conversion process outside India from a foreign country.

Important Points:

• For Net Banking requests, ensure your Debit Card and registered mobile number are active for authentication.
• Close all open positions and standing instructions (e.g., SEP, SIP, VTC, FD, NPS) before initiating the RI to NRI conversion process.
• Ensure there are no pending transactions or requests linked to your existing Resident account before submitting the conversion request.
• Mutual Fund holdings are not transferred automatically and require a separate request through the ‘Internal Transfer Annexure’ after account conversion.
• Choose the appropriate account based on your investment requirements before initiating the conversion.
• Keep all mandatory documents ready to ensure a smooth and hassle-free conversion process.

Documents Required:

(Please carry original documents in case you are visiting the branch for attestation)

• Valid Passport Copy
• Valid Visa
• Overseas Address Proof
• PAN Card Copy