Hi sirajahmed,
You can open NRO , DP and share trading account from ICICI.
Once you opened the account you can buy or sell shares from BSE or NSE by online.
You can buy Mutual funds also. You can apply for IPO also in
online.You can give your foreign address or local indian address for
contact.
The charges for opening and maintaining an ICICI Direct Account is as
mentioned below :
One time Account Opening charges :- Rs.3,000.
Demat (Annual Service Charges)
* In case of a Foreign Address - Rs.1,200. (Rs.1,150 for customers
receiving statement by E-mail)
* In case of an Indian Address - Rs.500 ( Rs.450 for customers
receiving statement by e-mail ).
PINS Charges ( Apart from the Annual Service Charges ) - Rs.1,000
annually for the maintenance of the PINS Approval.
Documents required for Account Opening :
1. Proof of Identity: Valid Passport and Visa ( of all holders in case
of joint application in a demat account )
2. Proof of Residence: Any of the below mentioned documents
* Passport
* Bankers verification letter ( from Schedule Commercial Bank )
* Electricity Bill ( 2 months old )
* Telephone Bill ( 2 months old )
* Bank Passbook + Mobile Bill ( 2 months old )
* Bank Passbook + Latest statement of account from a Credit Card issuing company
* Bank Passbook + Letter from employer
* Bank Passbook + Latest premium receipt from any Life Insurance Company
* Bank Passbook + Current lease agreement or leave and license
agreement for flat / house
3. Two passport size photographs
You can open the account under PINS as well as NON PINS.
Kindly note that PINS ( Portfolio Investment Scheme ) is a scheme of
the Reserve Bank of India ( RBI ) under which the ' Non Resident
Indians ( NRIs )' can purchase and sell shares of Indian Companies on
a recognized stock exchange in India by routing all such purchase/sale
transactions through their account held with a Designated Bank Branch.
If you have acquired any shares through the primary market i.e, IPOs
or have purchased shares prior to the Portfolio Investment Scheme
(PINS), ICICIdirect.com provides you with an exit route for selling
these shares in the fastest, easiest and the most hassle free manner
by providing you with a Non Pins Account. Through your Non Pins
Account, you can sell shares acquired through the Primary market and
also sell shares acquired in the secondary market other than through
the PINS route. However you cannot buy shares from the Non-Pins
account.
ICICI BANK offers 3-in-one offer for NRI.
Step 1)
Log in into this site
https://secure.icicidirect.com/customer/customer_open_acct_nri.asp
and give all your details and create your own user id and password for
www.icicidirect.com account for trading.
Now you can login into www.icicidirect.com But your account will be inactive.
Step 2) Once you registerd in the above page you will get the
application for by e-mail within 24 hours. If you are not received
form by mail send mail to nri@icicidirect.com .
Step 3) once you received the form (the form will have 20 pages PDF
format) take print out and fill it with necessary details. You have to
attached
1)passport xerox copy with visa page
2)current residential proof in foreign country(telephone bill,
electricity bill, house agreement)
Step 4) you have to get attestation for your signature on the form and
all the xerox copies. You can get the attestation from your
banker(your local bank there).
Step 5) you have to send the filled form with all necessary
documents(mentioned above) with Rs 4000 cheque or demad draft or
USD100 cheque to this address.
ICICI Web Trade Limited
Stanrose House 2nd floor
Prabhadevi
Mumbai 400 025
Once they received the form they will process and activate your
icicidirect account.
Notes: You can open two type trading account as per RBI regulations for NRI.
1) PINS ( Portfolio Investment Scheme )
2) NON-PINS
in NON-PINS account you can onle SELL your shares.You can't buy shares online.
In PINS account you can buy or sell share online.
You can open NRO or NRE account.
In NRO account you can deposit Indian rupees or foreign currency (by remittence)
In NRE account you can deposit only foreign curreny(by remittence)
You bank account will be with ICICI BANK and your trading account
will be with ICICIDIRECT. |
