Open ICICI direct Trading and Demat Account in 10 mins.
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 the 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 the sale or otherwise from such investments cannot be taken abroad. Such investments are maintained in a Non-Repatriable Demat account. Money once transferred from the NRE account to the NRO account loses its repairability and hence, cannot be transferred back to NRE account.
Mode of Investment
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 recognized 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
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