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

Diznr International

3 days ago

https://www.gyanodhan.com/video/6B1.%20Stock%20Market/142.%20How%20NRINRO%20Invest%20or%20Trade%20in%20Indian%20Stock%20Market%20through%20ICICIDirect.com-%20Demat%20account%20for%20NRI.mp4

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:

Contents

1 How NRIs/ NROs Can Invest or Trade in Indian Stock Market via ICICIdirect.com (Demat Account for NRI)
- 1.1 Who is an NRI/NRO?
2 Step-by-Step Guide to Invest in India via ICICIdirect (for NRIs)
3 Key Points to Remember
4 Tax Rules for NRIs
5 Need Help?
6 Final Tip:
- 6.1 How NRINRO Invest or Trade in Indian Stock Market through ICICIDirect.com- Demat account for NRI.

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:

NRI Bank Account (NRE/NRO) – for fund transfers
Demat Account – to hold shares
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

Feature	NRE Account	NRO Account
Currency	INR (repatriable)	INR (non-repatriable)
Taxation	No tax on income (may vary)	Income taxable in India
Repatriation	Allowed freely	Limited to $1 million/year
Mutual Fund Access	Yes (via ICICI platform)	Yes

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?

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f30f.png" alt="🌏" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> How NRIs/ NROs Can Invest or Trade in Indian Stock Market via ICICIdirect.com (Demat Account for NRI)

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f9fe.png" alt="🧾" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Who is an NRI/NRO?

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f3e6.png" alt="🏦" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Step-by-Step Guide to Invest in India via ICICIdirect (for NRIs)

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/2705.png" alt="✅" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Step 1: Open NRI Trading + Demat + Bank Account (3-in-1 Account)

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/2705.png" alt="✅" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Step 2: Get PIS (Portfolio Investment Scheme) Permission

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/2705.png" alt="✅" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Step 3: Fund Your NRE/NRO Account

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/2705.png" alt="✅" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Step 4: Start Investing via ICICIdirect Platform

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/2705.png" alt="✅" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Step 5: Track, Sell & Repatriate Profits

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f50d.png" alt="🔍" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Key Points to Remember

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/2696.png" alt="⚖" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Tax Rules for NRIs

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f4de.png" alt="📞" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Need Help?

<img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f9e0.png" alt="🧠" class="wp-smiley amp-wp-843f19c" width="72" height="72" data-amp-original-style="height: 1em; max-height: 1em;"> Final Tip: