Comment on Various Types of Accounts

Nithin Kamath commented on 18 Mar 2014, 01:43 PM

Vijay,

If the bank account you have is an NRI account, the only route to invest into equity is through the PIS route, which I guess you are presently opting for with ICICI. You will need to map this PIS of yours with our trading account. When you do this, ICICI will share your account balance with us which will be updated on the trading platform, everytime you buy or sell, we will report the contract notes to ICICI and they will release the funds or when you sell the funds will automatically get credited to your ICICI Bank account.

If your ICICI account is a normal SB account, I guess the best and easiest way to open an account is as a normal account(instead of NRI). So yes you can use your international address, but you will have to give us a declaration that you are an Indian resident.

Cheers,

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