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ICICI NRI Trading and Demat Account Conversion
A Resident Indian Trading and Demat account cannot be converted into a Non-Resident Indian (NRI) account. An NRI customer should close the resident account and open a new account with NRI status.
This is because NRI accounts have tough compliance requirements. These accounts are closely monitored by RBI in India and by the government of your country of current residence.
Thus changing ICICI account trading and demat status from Resident Indian to Non-Resident India is not possible.
Note:
ICICI NRI Bank Account Conversion from Resident to NRI
In case of a Resident Saving Bank Account, the account can be converted into NRO Saving Bank Account. The NRO account can be converted into an ICICI NRI 3-in-1 account by adding NRI Trading and Demat Account to it.
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