How NRINRO Invest or Trade in Indian Stock Market through ICICIDirect.com- Demat account for NRI.

How NRINRO Invest or Trade in Indian Stock Market through ICICIDirect.com- Demat account for NRI.

​Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can invest or trade in the Indian stock market through ICICIdirect.com by opening an NRI 3-in-1 account, which integrates a bank account, a trading account, and a Demat account. Here’s a step-by-step guide:​

1. Account Opening:

• Choose Account Type: Decide between a repatriable account (NRE) for funds transferable abroad or a non-repatriable account (NRO) for funds retained in India.​

• Complete Application: Fill out the NRI account opening form available on ICICIdirect’s website.​

• Documentation: Submit necessary documents, including:​

  • Passport-sized photograph

  • Copy of passport

  • PAN card copy

  • Visa copy

  • Overseas address proof

  • FEMA declaration

  • Cancelled cheque of NRE/NRO account

• Verification: Ensure documents are attested by the Indian embassy or notary in your country of residence.​

• Submission: Mail the completed form and documents to ICICI Bank’s Mumbai office.​

• 2. Funding the Account:

• Link Bank Account: Connect your NRE or NRO account to facilitate fund transfers.​

• Fund Transfer: Transfer funds from your overseas bank account to your linked NRE/NRO account.​

3. Trading and Investment:

• Equity Investments: NRIs can engage in delivery-based equity trading on NSE and BSE but are restricted from intraday trading and margin trading.​

• Mutual Funds and IPOs: Investments in mutual funds and initial public offerings are permitted.​

• Futures & Options (F&O): NRIs can trade in F&O segments, subject to specific guidelines.​

• 4. Charges and Brokerage:

• Account Opening Fee: Approximately ₹4,000.​

• Annual Maintenance Charge (AMC): ₹1,200 plus GST.​

• Brokerage Fees: Varies based on the transaction type; detailed information is available on ICICIdirect’s brokerage plan page.​

5. Regulatory Compliance:

• Portfolio Investment Scheme (PIS): NRIs must route equity investments through PIS accounts to allow RBI monitoring.​

• Repatriation: Ensure compliance with RBI guidelines for repatriating investment proceeds.​

For comprehensive details and assistance, visit ICICIdirect’s NRI services page or contact their customer support.

Here’s a clear and complete guide on:

How NRIs/ NROs Can Invest or Trade in Indian Stock Market via ICICIdirect.com (Demat Account for NRI)

Who is an NRI/NRO?

• NRI (Non-Resident Indian): An Indian citizen residing outside India for >182 days in a financial year.

• NRO (Non-Resident Ordinary Account): Account used to manage income earned in India (like rent, dividends, etc.).

Step-by-Step Guide to Invest in India via ICICIdirect (for NRIs)

Step 1: Open NRI Trading + Demat + Bank Account (3-in-1 Account)

ICICI offers a 3-in-1 account:

1. NRI Bank Account (NRE/NRO) – for fund transfers

2. Demat Account – to hold shares

3. Trading Account – to buy/sell shares

You need to choose between:

• NRE Account – Fully repatriable (funds can be taken abroad)

• NRO Account – Non-repatriable (some restrictions on taking money abroad)

Required Documents:

• Passport copy & visa

• PAN card

• Overseas and Indian address proof

• FEMA declaration

• KYC forms (online or courier)

Step 2: Get PIS (Portfolio Investment Scheme) Permission

Earlier, NRIs required PIS approval from RBI via a bank to invest.

Update: As of 2025, PIS is no longer required for NRO accounts in the non-PIS route. ICICI will guide you based on the latest rules.

Step 3: Fund Your NRE/NRO Account

• Use international wire transfer or remittance to deposit funds.

• You can invest from:

  • NRE Account – funds and returns are fully repatriable.

  • NRO Account – limited repatriability (up to $1 million per financial year).

Step 4: Start Investing via ICICIdirect Platform

You can invest/trade in:

• Equity (stocks)

• IPOs

• Mutual Funds

• Bonds & ETFs

You can use:

• ICICIdirect website

• Mobile App

• Call & Trade facility

Step 5: Track, Sell & Repatriate Profits

• You can view portfolio performance on the ICICIdirect dashboard.

• When you sell, funds go back to your linked NRE/NRO account.

• Repatriation (transferring funds abroad) depends on whether you use an NRE or NRO account.

Key Points to Remember

Tax Rules for NRIs

• Tax is deducted at source (TDS) on capital gains.

• You may need to file ITR in India depending on income.

• ICICI provides tax reports & CA services to help you comply.

Need Help?

• ICICI NRI helpline: ICICIdirect NRI Page

• Email: nri@icicidirect.com

Final Tip:

NRIs can legally and smoothly invest in Indian markets using ICICIdirect’s all-in-one platform. Just ensure correct documentation and choose NRE/NRO based on your repatriation needs.

Would you like a downloadable checklist or video script for this process?

How NRINRO Invest or Trade in Indian Stock Market through ICICIDirect.com- Demat account for NRI.