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.