ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account.
The ICICI 3 in 1 Account for NRI enables you to trade online in BSE & NSE without the worry to monitor the settlement cycles, transfer funds from bank to trading account, etc. It offers a range of services including online investment in Equity, Derivatives (F&O), Mutual Fund, Bond, NCD, FD, IPO, and ETF.
ICICI Bank offers trading and investment services to Non-resident Indian (NRI) customers through its subsidiary ICICI Securities. The online trading and services are offered via its flagship website ICICIDirect.com.
ICICI Direct NRI brokerage charges range from 0.50% to 1.25% for Equity Delivery trades, from o.03% to 0.05% for Equity Futures trades and flat Rs 70 to Rs 95 for Equity Options trading. The ICICI NRI trading account charges vary by the total trade volume of the customer.
ICICI Securities offers a range of online trading software to its customers. This includes ICICIDirect.com website, ICICI Direct Mobile Trading App and Trade Racer, an installable trading terminal.
ICICI also offers online mutual funds to NRIs. Investors can choose from a range of schemes and invest without the hassles of any paperwork.
To invest in India Stock Market or Mutual funds in India an NRI has to open ICICI NRI 3-in-1 Account.
ICICI Direct 3-in-1 Online Trading Account Features
This combo account includes:
ICICI Bank offers 2 type NRI account types:
Visit NRE Vs NRO Bank Account for the detailed comparison of NRI Bank Accounts.
In addition, each NRI bank account is tagged as PIS or Non-PIS account. PIS (Portfolio Investment Scheme) is an RBI scheme through which NRIs and PIOs can buy and sell shares, mutual funds, bonds, etc in India stock exchange.
NRI Trading Account allows customers to buy/sell stocks, bonds, NCD, ETF, etc from a stock exchange like BSE and NSE. The trading account is required if you are planning to invest/trade in India Stock Market.
The ICICI Securities NRI Trading Account can be accessed by visiting ICICIDirect.com or using ICICI Direct Mobile App on Android or Apple phones.
The ICICI trading account charges for NRIs (i.e. AMC, Brokerage) are different for resident Indian trading account. In most cases, the NRI charges are 5 to 10 times higher because of the lengthy trade settlement process and tough compliance.
ICICI Bank offers NRI demat account through its membership with NSDL and CDSL. A demat account is mandatory to invest/trade in India Stock Market. It's an online account which holds the securities you bought in electronic format. The demat account is a secure way to keep your stocks, mutual funds, ETF, Bonds, etc.
The ICICI Securities NRI Demat Account can be accessed from ICICIDirect.com, ICICI Direct Mobile App or by login directly on NSDL or CDSL website.
ICICI NRI Demat Services Review
ICICI offers a completely online and fast trading experience to NRI investors. Once your 3-in-1 account is opened, the step-by-step ICICIDirect NRI trading procedure for trading in Equity Delivery segment is as follows:
Login to ICICIDirect.com and place a buy or a sell order online. ICICI's system will check the funds and shares available in your bank and the demat account. If everything is alright then your order will be executed on the exchange.
Depending on whether it is a buy or sell order, your linked NRI bank account, and linked NRI demat account is automatically credited or debited.
The transaction is automatically reported by ICICI Securities to ICICI Bank for onward reporting to RBI, as per the Regulations.
ICICI Direct NRI brokerage charges for trading in Equity and Equity Derivatives.
The trading platform offered by ICICI Securities is the same for resident Indians as well as NRIs.
Availability of Good Till Canceled (GTC, GTD or VTD) and After Market Order (AMO) order types make ICICIDirect most favorite trading portal for NRI's.
ICICIDirect offers 3 trading software:
Read ICICI online trading software review for more detail.
The investment options available to an NRI at ICICI Direct.
To trade/invest with ICICI, An NRI has to open a 3-in-1 NRI account.
ICICIDirect offers a number of ways to open an account based on the country where you reside. Below are a few popular ways to open an account with ICICI:
ICICI bank offers online account opening to US based NRIs. The paperless account opening is not available in any other country.
An NRI from the US can open an NRI bank account in just 2 days. Below are the steps to open paperless NRI bank account with ICICI:
In case of any clarification required, an email is sent to the customer and also an ICICI representative gets in touch with you.
ICICI Securities has its offices in Oman, Bahrain, Abudhabi, and Dubai. You can visit any of the nearest ICICI Securities Center or ICICI Bank branch and get assistance on opening an NRI 3-in-1 account. You can also hand over your completed Account Opening form at these branches.
One of the preferred ways to open an NRI 3-in-1 account is visiting the ICICI branch when you are visiting India. This process is easy and convenient.
You need to provide the following documents to open an NRI account with ICICI:
All the required documents need to be self-attested and to be attested by the Indian Embassy or any other competent authority like Consulate General / Notary Public / Any Court / Magistrate / Judge / Local Banker of the country where you are currently residing.
Please note that in case you do not have a PAN card, ICICI offers free assistance in applying for a PAN number.
ICICIdirect offers online investment services in Mutual funds. The process is hassle-free and paperless for ICICI NRI 3-in-1 account holders.
Key Features of ICICIDirect NRI Mutual Fund
ICICI Direct NRI Support Desk contact information. Find ICICI Direct NRI contact number.
ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.