General

I want to buy shares but I do not have any money in my Bank Account. What do I do?

NRE account: You can create balance in your NRE account either by remittance from abroad through normal banking channels or transfer from FCNR account or transfer from another NRE account maintained with ICICI Bank or deposit a cheque drawn on NRE account in some other bank.

NRO account: You can create balance in your NRO account either by transferring from another NRO/NRE/FCNR/NRNR/NRSR account maintained with ICICI Bank or deposit a cheque drawn on NRO/NRE/FCNR account in some other bank. All other sources available in case of NRE account will also be available for crediting funds in your NRO account.

Alternatively, you can sell some shares from your Demat Account and use the money to purchase the shares you want to buy. However, in case you are crediting the sale proceeds to a PINS NRE/NRO account, the shares sold should have been acquired through PINS. For shares acquired outside of PINS shall be credited to the Non-PINS NRE/ NRO account. Sale proceeds shall be credited after deduction of capital gains, if any.