A. Repatriable Demat Account
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There is no fee for opening a DP account with ICICI Bank. However, a nominal fee towards services is levied as per our Standard Rate Card. If you wish to hold your Bonds in Demat form you can choose Bond Rate Card.
A. Repatriable Demat Account
Repatriable funds (i.e. those which can be taken abroad) need to be kept in a separate bank account, i.e. NRE Bank account. Typically, funds brought in from abroad are permitted in such an account. Investments made from such funds can be repatriated, i.e. proceeds from sale or otherwise from such investments can be taken abroad. Such investments are maintained in a Repatriable Demat account.
B. Non-repatriable Demat Account
Non-repatriable funds (i.e. those which cannot be taken abroad) must be kept separate from repatriable funds in a separate bank account i.e. NRO Bank account. Investments made from such funds cannot be repatriated, i.e. proceeds from sale or otherwise from such investments cannot be taken abroad. Such investments are maintained in a Non-Repatriable Demat account. Money once transferred from NRE account to NRO account loses its repatriability and hence, cannot be transferred back to NRE account.
A. Portfolio Investment Scheme (PINS)
Portfolio Investment Scheme (PINS) is a scheme of the Reserve Bank of India (RBI) under which the 'Non Resident Indians (NRI's)' and 'Person of Indian Origin (PIOs)' can purchase and sell shares and convertible debentures of Indian Companies on a recognised stock exchange in India by routing all such purchase/ sale transactions through their account held with a designated Bank Branch. The designated Bank maintains a record of all investments done under PINS (PINS portfolio).
B. Non - PINS
Any investment other than under PINS typically includes:
Subscription to Primary market offerings (IPOs)
Investments made when resident in India.
Investments in Mutual funds
Investments in derivatives
Gifts and Inheritance
You may have to open demat accounts of a specific combination if you already hold physical shares in that combination. Physical shares can be converted into electronic form in your demat account by submitting the certificates along with a demat request form. You should also open the required combination under the correct type of demat account:
PINS NRE - For shares acquired earlier under PINS on repatriation basis
PINS NRO - For shares acquired earlier under PINS on non-repatriation basis
Non-PINS NRE - For shares acquired earlier other than under PINS on repatriation basis
Non-PINS NRO - For shares acquired earlier other than under PINS on non-repatriation basis and also when 'Resident' in India