General

NRI client has sold shares, however not received the entire amount. Why was less amount credited to customer's account?

• For shares sold through an NRO Non-PINS account - 25% of the sale value will be held by ICICI Securities Ltd. until the necessary documents are provided for TDS calculation.

• For shares sold through an NRE Non-PINS account - 100% of the sale value will be held by ICICI Securities Ltd. until the necessary documents are provided for TDS calculation.

• For shares sold through an NRE/NRO PINS account – Amount will be released after T+1 day as per settlement cycle post TDS deduction