Invest in the primary and secondary market with NRE and NRO account through single ICICIdirect NRI login with wide range of products under one roof.
With ICICIdirect eATM you can receive money within 5 minutes of selling shares from ICICI NRI demat at no extra cost. Normally if you sell shares from demat you will have to wait for T + 2 working days to receive funds.
Payout will be credited in your NRE account / NRO account post deduction of applicable capital gain tax.
By enabling auto alerts on the mobile app you can keep a track of your NRI investments in stock market and make informed decisions on your portfolios
We help you choose the right stocks, we cover 340 Companies and provide you with detailed research reports for your Long term & Short term investment & trading
Your short term losses will be adjusted against your future profits in the same financial year to minimize your tax deducted at source
Convert your ICICI Direct account to NRI status if you are moving abroad / have been outside India for 183 days. Your ICICI Direct Demat, trading & Bank account will get converted into NRO status with an option to open an NRE account. Click here to know more
ICICIdirect NRI 3-in-1 Account offers you a combination of NRI Demat - Bank – trading account all linked together for a seamless and paperless investment experience
Access your ICICIdirect NRI accounts with single login for investments in primary and secondary markets with NRE and NRO funds
This allows for transactions under PINS on repatriable basis.
This allows for transactions under Non – PINS on repatriable basis.
This allows for transactions under PINS on Non-Repatriable basis.
This allows for transactions under Non-Pins on Non-Repatriable basis.
For buying & selling shares in Indian Stock Exchanges.
For Selling of shares bought in IPO or as a Resident and Investment into Mutual Funds, ETF trading
Futures & Options Trading
Fill the application form online
Upload Self attested Documents
Complete digital In Person Verification
Print the completed form & follow the checklist
Note : Documents required- Passport, VISA, PAN card, OCI, address proof must be kept handy while online account opening journey
|Mutual Fund (Except Residents of USA/Canada)|
|IPO (Except Residents of USA/Canada)|
|Equity one click portfolio|
|Products Offerings||NRE/NRO Accounts|
|Equity||NRE/NRO PINS Account|
|Derivatives (F&O)||NRO NON PINS Account|
|Mutual Fund (Except USA/Canada)||NRE/NRO NON PINS Account|
|IPO (Except USA/Canada)||NRE/NRO NON PINS Account|
|Equity one click portfolio||NRE/NRO PINS & NON PINS Account|
A bank or financial institution offers NRI services to Non-resident Indians who have moved abroad for work, family, business or education. They offer multiple NRI bank account options for the NRIs to choose from. They also provide accounts for NRIs for loans, investments and money transfers.
A PIO or Person of Indian Origin is a citizen of any country other than Bangladesh or Pakistan who falls under any of the following mentioned criteria
The Overseas Citizenship of India (OCI) Scheme was introduced by amending the Citizenship Act, 1955, in August 2005. The Scheme offers the registration of a person as an Overseas Citizen of India (OCI) to all Persons of Indian Origin (PIOs) who were either a citizen of India on or after 26th January 1950 or were qualified to become a citizen of India on 26th January 1950.
Yes NRIs can invest in the stock market with certain restrictions imposed by RBI. NRIs can channelize their investments into Indian stock markets through RBI-approved Portfolio Investment Scheme (PIS) mechanism.
Yes, USA & Canada based NRIs and PIOs can open the Trading account.
Banks offer 3in1 account for NRIs where three accounts are opened: the NRI Demat account, the NRI trading account, and the NRI bank account. However, if the account holder wants to invest in Indian stocks, a fourth account called the Portfolio Investment NRI Scheme (PIS) account is opened
The only way to invest in an IPO for an NRI is via an NRE/NRO account. Having a Portfolio Investment Scheme account does not allow them to invest in IPOs. They also need to open a Demat account and link it to their NRE/NRO account.
PIS is an RBI approved account that NRIs can use for transacting in the secondary markets. An NRI can only have 1 PIS account with 1 bank at any given time. All secondary market transactions from the PIS account are reported to RBI on daily basis. RBI monitors the limit of NRI stakeholders in any stock listed on the exchange.
Yes, you can convert your trading, demat & bank account to NRI status. Customer who is single holder in the account needs to login into his ICICI Bank net banking and follow the path
Click on Customer service -> Service request -> Convert your saving bank (SB) account into NRO account
For customers who have joint holders in the account, they need to visit ICICIdirect website go to NRI section and click on open account. Subsequently customer needs to generate ARN and complete the conversion journey.
All open positions (such as SIP, SEP, F&O positions etc.) during conversion of the account should be cancelled/ discontinued.
Your RI trading account, demat & bank account shall be converted as NRO Non PINS accounts. You may choose to additionally open NRE PIS & NRO accounts as well. You will be able to view your transactions & portfolio was done under RI status after conversion to NRI status.
We offer up to 4 NRI trading accounts depending on type of funds (NRE/NRO) and type of investment (Primary market / Secondary market). Additional account means you already have existing account(s) and want to open account(s) that you currently do not have and is required as per your type of fund and investment.
To open additional NRI account customer needs to login to his ICICIdirect account and follow the steps –
· Click on user name on top of the logged in session
· Click on select account
· Open additional account will be mentioned on pop- up window
· Click on ‘Yes’ to open additional account
Once the request is submitted, ICICIdirect customer service team will get in touch with the client via email and update with necessary details.
No, one cannot transfer shares from NRO Demat account to NRE Demat Account.
Yes. Only in NRO Status.
Yes, you can open two trading accounts based on NRE and NRO.
Yes, NRIs can invest in the Exchange's Futures and Options segment using rupee funds held in India on a non-repatriation basis, subject to SEBI limits.
Yes, an individual planning to start a new job, business, or travelling for educational purposes can complete the formalities and open a zero balance account before leaving the country. Then, within a reasonable time, he must remit funds to make the account operational, after which they will be issued a cheque book.
Yes, an NRI can assign just one person who can be either a resident or a non-resident as a nominee. The nominee can also be a minor but in that case, a guardian will have to be appointed to receive the payment on the minor's behalf.
|Segment||Base TDS Rate||Surcharge||Edu. Cess||Total TDS|
|Equity Long term||10||1.5||0.46||11.96|
|Equity Short term||15||2.25||0.69||17.94|
|(ETF/Bonds/NCD/Pref. Shares) Long term||20||7.4||1.1||28.5|
|(ETF/Bonds/NCD/Pref. Shares) Short term||30||11.1||1.64||42.74|
|Future & Options||30||11.1||1.64||42.74|