Benefits of NRI Account with ICICI Direct

• Systematic Investment Plan (SEP)

  Systematic Equity Plan (SEP) allows you to invest a pre-specified sum of money or buy a pre - specified quantity of shares in a consistent manner. Adding to your portfolio on a regular basis helps you unleash the power of compounding and achieve your financial goals faster.

  You can automate your equity investments by setting up an SEP. You just need to select the stock, the frequency, the duration of SEPs and the rest shall be done by us.

  You can place SEP in stocks handpicked by our research experts, basis their strong balance sheets as well as excellent and reliable performance over the years.

• Valid Till Cancelled (VTC)

  This feature enables you to place your orders at your desired price, at any day of the week with just a click and you can keep your orders active for up to 45 days. This eliminates the need to login and place a fresh order for the same stock on a daily basis. With this feature NRIs can also beat the time difference to place live orders in the market

• Price Improvement Order (PIO)

  This feature enables you to get a better price for both your buy and sell orders. PIO helps you place Cash orders along with Stop Loss Trigger Price. The stop loss trigger price gets auto-updated with a movement in the market price and thereby ensures minimum loss. This feature is available on both the exchanges (NSE & BSE).

  Opportunities under this product

  • To gain from the upside in stock with Price Improvement Order while selling stocks using Stop Loss Orders 
  • To buy stock at lower price with Price Improvement Order using Stop Loss Order

• How does it work? 

  This feature enables gives you a second chance at your order execution

  Opportunities under this product

  • Place your order with 2 prices: Your best price and your next best price which could be market or limit price 
  • If your order does not get executed at your best price throughout the day, the system will auto place an order with your next best price at the end of market hours
  Benefits of Multi-Price Order

  • You have fair chances of getting a stock at a better price than what is available in the market  
  • If you have put the second price as market price, then you can be assured that at the end of the day, you will own the stock 
  • You don't have to manually track the price movement in your stock continuously

Portfolio Investment Scheme (PINS) is a scheme of RBI through which NRIs and PIOs can buy and sell shares and convertible debentures in Indian Stock Exchanges.

Investment in Indian markets can be made only after approval from RBI. Designated Banks are authorized to issue permission on behalf of RBI. ICICI Bank is one of the designated banks for PINS.

NRIs can authorize only one Bank for Portfolio Investment Scheme, and as such can have only one PINS account. Application for PINS to ICICI Bank is made on behalf of the NRI client through the ICICI Direct application form

A NRI or a PIO can have only one PINS approval in India.

Tax needs to be deducted at source. ICICI Direct deducts the Tax before crediting the account Investment in Indian markets can be made only after approval from RBI. Designated Banks are authorized to issue permission on behalf of RBI. ICICI Bank is one of the designated banks for PINS.

Tax applicable as per Income tax law, for current financial year, tax on short term capital gain is 17.94% and long term capital gain is 11.96% for equity transactions. There is different tax rate slab for non-equity transactions. TDS is applicable on all the transactions wherein you have made a profit or capital gain. However there is no TDS deducted if you have incurred a loss on a particular transaction. The rate of TDS depends upon the period of holding. TDS is calculated at @17.94% for Short Term Capital Gains, i.e. gains on holdings less than a year old for equity transactions. Long Term Capital Gains (i.e. gains on holdings more than a year old) are taxed at 11.96% for equity transactions. Short term & Long term capital gains tax is applicable for non-equity transaction depending upon the nature of the securities

You can subscribe to our competitive pricing plans to bring down your cost on transactions to 0.2% saving you 84% on brokerage compared to default NRI brokerage of 1.25%. Subscription to this brokerage plans comes with a 15 year validity to give you freedom to use whenever you want and a flexibility to exit after completion of 1 year of subscription and get a full refund of the unutilized brokerage.

We understand the importance of choosing the right stock while making investment decisions. To help you choose the right stock, we at ICICIdirect cover 340 Companies and provide you with detailed research reports for your Long term and Short term investment & trading.