In person at the ICICI bank branch: You can deposit foreign currency or traveler cheques into your FCNR account by visiting an ICICI Bank branch. Using an NRE account to fund an FCNR account is the one exception where domestic funds can be used. An NRO account or local Indian rupee fund...
An NRO is less flexible than an NRE, and is better suited for longer stays. There are limits to how much money you can transfer back to your home country out of this account, but it can be a useful place to deposit money you earn in India. Any interest will be taxed by the Indian...
A non-repatriable Demat account is very similar to a repatriable account, with the only difference being that a person with a Non-Repatriable account cannot move money to India. It is compulsory for the NRI to link their account to an NRO (Non-Resident Ordinary) bank account. NRIs can...
Features of ICICI Direct Brokerage Structure NRI Taxation RI to NRI conversion 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 ...
~Customer ID level: Monthly average balance in NRE/NRO Savings / Non interest bearing account + Month end balance in Fixed deposit/s and Recurring deposit/s within the same customer ID. Non-maintenance charges: as applicable for variants
Experience seamless NRI banking with ICICI Bank. Open an NRI bank account online and enjoy exclusive NRI services including tax-free interest rates and repatriable funds.
You’ll also need your NI number, and if you’re opening an NRO account - you’ll need your Permanent Account Number (PAN) card to hand. Proof of address for non-residents⁶ If you’re applying for a bank account as a NRI, PIO, or OCI, one or more of the following documents ma...