Conversion from Resident to NRI status

Trading and Demat account cannot be converted to new residential status. However Resident ICICI Bank account can be converted to NRO status.

You needs to fill in NRI 3 in 1 Account Opening Form.

The provision of closing Resident Account is available in the NRI 3 in 1 account opening form. If there are any Mutual Fund Holdings, Resident I direct account would be closed however you would not be able to redeem the units held till new NRI I Direct Account is opened and are transferred to NONPINS NRO Account.

Open An Account - 3 Simple Steps:

a. Register on line
b. Print the complete form and follow the checklist for signatures, photographs, & documents
c. Attach the required document and send it to

ICICI Securities Ltd,
ICICI Bank Ltd
A - Wing, 3rd flr.,
Behind Chandivali studio
Chandivali Andheri (E)
Navi Mumbai 400072.

Conversion of Bank Account

The provision of conversion from RI to NRI is provided on the NRI 3 in 1 account opening form.

If you wish to close the Resident Bank Account, you need to co-ordinate with respective bank branch for the same. Please note that only when the RI accounts ( banks ) are closed or converted into NRO accounts, NRI I Direct form would be processed.

Transfer of Mutual Funds

For transfer of Mutual fund from Resident ICICIdirect A/c to NRI ICICIdirect A/c, you need to provide Internal Transfer from , Change in Account status form, PAN Copy and Change in Tax status request for each AMC. You need to Self Attest the documents.

You need to send the above mentioned documents at the following address:

Attn: Mutual Funds Operations Team
ICICI Securities Ltd
Shree Sawan Knowledge Park,,
Ground Floor, Plot No. D-507, T.T.C Ind Area,
M.I.D.C, Turbhe, Opp Juinagar Railway Station,
Navi Mumbai - 400705.

Demat Account

Once the NRI application is processed and the new demat account is opened, the customer can transfer the shares over to the new demat account. Closure of account format available on> Demat Services>Service Requests Forms> Format for closure of accounts.
Closure letter needs to be sent at:

Demat Department,
Mumbai - 400093.