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NRI Accounts for PMS end Clients

 

Bank offers ‘Portfolio Investment Scheme’ accounts under which bank issues ‘Permission Number’ against NRE Account of 'Non-Resident Indians (NRI's), end clients of PMS, as per the extant RBI guidelines.  

 

  • This enables NRIs to open trading & demat account with stockbrokers for investing NRE funds in Indian securities.  

  • ICICI Bank facilitates TDS computation and fund settlement for secondary market equity transactions on T+1 day itself.  

 

ICICI Bank provides NRE PIS Extension facility which allows the NRI investor to invest into multiple brokers/ PMS entities.

FAQ

What is the Minimum Investment for ICICI Bank PMS for NRI Accounts?

The minimum investment required for ICICI Bank’s Portfolio Management Services (PMS) for NRI accounts typically starts at ₹50 lakhs. This amount may vary depending on the specific PMS strategy chosen (such as equity, debt, or hybrid portfolios). The exact minimum investment may also depend on the product type and the NRI's risk profile.

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