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Decoding NRE, NRO, and FCNR accounts for Non-Resident Indians
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Types of bank accounts/deposits offered to NRIs.
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Features, eligibility, and differences to determine which account suits you
Did you know?
Similar to converting your resident savings bank account to an NRO account, you are required to convert your residential Demat account to an NRO Demat account to continue investing in the Indian stock market.
Did you know
**Relative is defined under section 2 (77) of the Companies Act, 2013. This includes their parents (including stepparents), son (including stepson), son’s wife, daughter, daughter’s husband, siblings (including stepsiblings), and children
| Details of principal and grantee | Reasons of PoA | Others |
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The PoA can be cancelled by the Grantor at any time before the actions mentioned in the PoA are complete.
Procedure for creating a power of attorney for NRI
You can choose to have your PoA executed within or outside of India.
In either case, you will need to ensure that your Grantee is:
- At least 18 years old;
- Of sound mind and character; and
- Trustworthy.
Did you know?
Similar to converting your resident savings bank account to an NRO account, you are required to convert your residential Demat account to an NRO Demat account to continue investing in the Indian stock market.
Did you know
**Relative is defined under section 2 (77) of the Companies Act, 2013. This includes their parents (including stepparents), son (including stepson), son’s wife, daughter, daughter’s husband, siblings (including stepsiblings), and children
Did you know?
Similar to converting your resident savings bank account to an NRO account, you are required to convert your residential Demat account to an NRO Demat account to continue investing in the Indian stock market.
Did you know
**Relative is defined under section 2 (77) of the Companies Act, 2013. This includes their parents (including stepparents), son (including stepson), son’s wife, daughter, daughter’s husband, siblings (including stepsiblings), and children
Home Loan FAQs
What is a home loan?
A home loan is essentially a financing option where funds are provided to an individual or an entity for the purchase, construction, extension, or renovation of a residential property.
How do I apply for a home loan?
You can apply for a home loan from ICICI Bank through our website (www.icicibank.com). Or, you could visit the branch of ICICI Bank that’s nearest to you to submit your application for a loan. To apply for a home loan, click here
What are the documents required to apply for a home loan?
To apply for a home loan, you need to submit documents such as a proof of identity, a proof of address, a loan application form that has been duly filled and your financial documents. To know more about this, click here.
