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ICICIdirect NRI Account Review
One Account. Infinite Opportunities.
Full-Service Broker Clients: ~19.80 Lakh+ Since 1995 NSE · BSE · MCX · NCDEX
4.6/5
ICICIdirect NRI trading account
ICICIdirect NRI accounts are governed by the RBI Portfolio Investment Scheme (PIS), so charges and rules differ from a resident account. A PIS bank account is mandatory for repatriable equity trading.
NRE vs NRO accounts
| Feature | NRE (repatriable) | NRO (non-repatriable) |
|---|---|---|
| Funds source | Foreign earnings | Income earned in India |
| Repatriation | Freely repatriable | Limited (USD 1M/year) |
| Taxation | Interest tax-free | Interest taxable |
What NRIs can & cannot trade
Set by RBI & SEBI — the same at every Indian broker.
| Equity Delivery | ✔ Allowed |
|---|---|
| Equity Intraday | ✗ Not permitted for NRIs |
| Equity F&O | ✔ Allowed (non-repatriable, custodian required) |
| Currency / Commodity | ✗ Not permitted |
| Mutual Funds & IPO | ✔ Allowed (US/Canada residents restricted by some AMCs) |
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More about ICICIdirect
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.