General

Features of bank account to be linked to brokerage account

1. Bank account to be linked to brokerage account can have joint holder
2. There can also be a nomination for the said bank accounts.
3. All bank account(s) should have the same name combination
4. The first holder in the bank account should be same as the sole holder in brokerage account
5. All such bank accounts have to be opened with ICICI Bank Ltd., India only.
6. These bank accounts can be operated separately as a normal bank account also.
7. Linking these accounts to ICICI Direct only ensures that the flow of funds relating to transactions done on ICICI Direct will happen only through this account.
8. One bank account cannot be linked to more than one brokerage account no., similarly one brokerage account no. cannot be linked to more than one bank account. However, all brokerage accounts can be accessed through one user id and password issued for trading.
9. Existing bank accounts can be linked only to Non-PINS account. For PINS, new bank account has to be compulsorily opened along with ICICI Direct application form.