General

What if I want to switch my exiting NRE and NRO account under PINS to ICICI Bank?

In such a case, you need to close your investment activities through existing NRE and NRO account and open new accounts with ICICI Bank. You need to apply to your existing designated bank to issue the necessary NULLno objection certificateNULL which would give details of the latest status of your portfolio as on the date of the issue of NULLno objection certificateNULL.

The NULLno objection certificateNULL issued by your existing bank along with previous approval document in original should be submitted to ICICI Bank. Based on the securities, cost of acquisition and date of acquisition mentioned in the certificate, ICICI Bank will create record of your portfolio in its books.

ICICI bank would open your NRE and/or NRO accounts, but the same shall be designated as accounts under the Portfolio Investment Scheme only after receipt of the NULLno objection certificateNULL.