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Demat Account Opening

account opening

How to Open a Demat Account

You can download the account opening forms from the site and submit them at our branches offering Demat services.

You can also visit the branches offering Demat service for opening the

Demat Account

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 .

Repatriability

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.

Mode of Investment

A. Portfolio Investment Scheme (PINS)

Category: Bank

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