ICICI Bank NRI Account Opening: Open NRI Account Effortlessly

ICICI Bank is one of the top private sector banks of India and has a presence in 17 other countries. The bank has branches in the United States, Singapore, Bahrain, Qatar, Oman, Singapore, Dubai and South Africa, and subsidiaries in the United Kingdom and Canada. NRIs can open an ICICI Bank NRI account at the nearest ICICI branch in India and abroad, or they can request for opening an NRI account through an online application. 

Open NRI Account

ICICI Bank offers a wide range of other NRI Banking products and services including fixed deposit accounts, money transfer services, and a lot more.

Also Read: How to open NRI Account in SBI: 2 Ways (No. 2 will surprise you)

How to open ICICI NRI Account?

There are mainly two ways to open an NRI account:

• Visit the nearest branch of the bank in India or overseas
• Open NRI account online through SBNRI

Here are the ways to open an ICICI Bank NRI account based on your current residence and preferred channel. 

When in India

If you are in India, you can apply for an ICICI NRI account opening by visiting the nearest branch of ICICI Bank. Here are the steps:

• Visit the bank and ask for an NRI account opening form at the help desk.
• The bank staff will help you fill the account opening form with all the required information on NRI accounts. 
• Once you have fulfilled the form, you can submit it along with the required documents at the branch. 
• Once the bank branch receives filled form and supporting documents, it is sent to the processing center of ICICI Bank. 
• If your information is correct and all the supporting documents are in order, your ICICI NRI account will be opened within 2 working days of receiving the form. 
• You can also dial the ICICI NRI customer care number to know the status of your account application. 

Documents required for ICICI NRI account

Here are is the list of documents required to open ICICI NRI accounts:

• A photocopy of the passport of the applicant
• Valid visa* (work visa/ residence visa or permit/ dependent visa)
• Overseas address proof (Gas bill/ electricity bill/ telephone bill/ bank statement) not over 3 months old.

* Not applicable for PIOs holding foreign passport

For those traveling abroad for the first time

• Passport 
• Valid work visa
• Deputation/ offer letter mentioning the overseas work address
• Indian address proof

ICICI Bank branch Overseas

ICICI Bank has branches and representative offices in several countries, NRIs living in these countries can visit an ICICI Bank branch or representative office to apply for an NRI account: 

•  Visit the bank and ask for an NRI account opening form at the help desk.
• The bank staff will help you fill the account opening form with all the required information on NRI accounts. 
• Once you have fulfilled the form, you can submit it along with the required documents at the branch. 
• Once the bank branch receives filled form and supporting documents, it is sent to the processing center of ICICI Bank. 
• If your information is correct and all the supporting documents are in order, your ICICI NRI account will be opened within 7 working days of receiving the form. Once the account is opened, you will be informed via your registered email ID. 
• You can also dial the ICICI NRI customer care number to know the status of your account application. 

Documents required for ICICI NRI account

Here is the list of documents required to open ICICI NRI accounts through overseas branch:

• Passport 
• Valid visa* (work visa/ residence visa or permit/ dependent visa)
• Overseas address proof (Gas bill/ electricity bill/ telephone bill/ bank statement) not over 3 months old.

* Not applicable for PIOs holding foreign passport

When you are overseas and don’t have a branch nearby

Here are the steps to apply for ICICI NRI account online:

• Visit the NRI page of ICICI Bank’s official website to fill and submit the lead form.
• You will get a phone call from the customer service representative of ICICI Bank to assist you with your application for an NRI account opening. 
• The representative will assist you in filling the form online, documentation and all the required information. 
• Once you are ready with the form and have all documents, the bank will arrange for a Free Courier Pick-Up of your form and documents at your convenience. 
• Once the courier is picked up, the turnaround time to receive these documents in India is 3 working days. 
• If all the information is found to be correct and all the supporting documents are in order, your NRI account will be opened within 5 to 7 working days of receiving the form. 
• You will be informed via the registered email ID once your account is opened. 

Also Read: ICICI Bank NRI FD Rates: ICICI Bank NRE FD Rates 2021

ICICI NRI Account Opening: The Easy Way

ICICI NRI Account Opening can be a hectic task if you choose the traditional ways and take the physical burden. Alternatively, SBNRI provides easy access to ICICI NRI Account Opening with the SBNRI App where you can just fill your details and we will coordinate with the NRI Account opening at ICICI.

ICICI NRI Banking: An Overview

NRIs can ace their ICICI NRI Banking with SBNRI with 24×7 online support and a dedicated Indian Friend to coordinate your doubts and queries and connect you with experts whenever required. There are certain questions that NRIs often ask us concerning ICICI NRI Banking and one of them is about the minimum balance requirements. Let’s address that:

ICICI NRI Account Minimum Balance

The ICICI NRI Account Minimum Balance is Rs. 10,000/-. It is operated on the format of Average Monthly Balance (AMB). You need to maintain an average of Rs. 10,000/- in your ICICI NRI Account. Compare the NRI Account Minimum Balance for other banks to take a more informed decision.

Open NRI account online through SBNRI

SBNRI App is the simplest and shortest way to apply for an NRI account online. Here are simple steps to apply for an NRI account via the SBNRI App:

• Download the SBNRI App and sign in using your credentials.
• Go to ‘Open NRI Account’ section and select the bank.
• Scan and upload KYC documents using the in-app scanning feature.
• Click on ‘Apply’ and that’s it.

ICICI Bank NRI Account Types

ICICI NRE (Non-Resident External) Savings Account

An NRE account is a savings account for Non-Resident Indians to deposit their foreign income in INR. Here are the features and benefits of ICICI NRE accounts:

• Free money transfers at competitive exchange rates.
• Funds are completely and freely repatriable.
• Earn Tax-free interest in India.
• The most convenient way to use foreign income.
• You can open ICICI NRE accounts with minimum monthly account balance as low as Rs.10,000/- only. 

Non-resident Indians can also open ICICI NRE FD or NRO FD accounts.

ICICI NRO (Non-Resident Ordinary) Savings Account

An NRO account is a savings account for NRIs to save and manage their income earned in India, including rent, dividends, pension, etc. Here are the key features and benefits of ICICI NRO account:

• Free money transfers at competitive exchange rates.
• Free cheque book and mandate card for your family in India to give them access to your account.
• Interest earned on savings in NRO accounts is taxable. 
• You can open ICICI NRO accounts with a minimum monthly account balance as low as Rs. 10,000 only. 

ICICI Seafarer Account

A seafarer account is an NRE savings account for mariners to manage their finances with ease and convenience when they are away from India. Benefits of ICICI Seafarer account are as under:

• Flexibility to open an account in any currency and the account is maintained in Rupees. 
• Funds not taxable in India. 
• Convenient access to your account in over 4500 branches and 14000 ATMs all over India and 24×7 phone and internet banking.
• 50% discount on processing fee for home loans. 

ICICI NRI Customer Care

For NRI account opening related queries, you can contact ICICI Bank NRI customer care team via a phone call or email address. The bank also has a separate customer care number for different countries. For example, NRIs living in the USA can dial 18664242448 to reach out to a bank representative.

ICICI Bank Account Opening online with SBNRI

Due to lots of information and documentation required to apply for NRI accounts, ICICI NRI account opening process is lengthy and cumbersome elsewhere. You can download SBNRI App to apply for ICICI Bank Account opening online with nominal documentation in just 10 minutes.

You can also click on the button below to start ICICI Bank Account opening online. Also visit out blog and Youtube Channel for more details.

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ICICI Bank NRI Account Opening: FAQs