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PINS Cancellation Form

What is the process to cancel Portfolio Investment Scheme (PINS) in my 3-in-1 account?

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To discontinue with the Portfolio Investment Scheme (PINS) approval provided to you on your PINS Non-Resident External (NRE) or Non Resident Ordinary (NRO) Account, you may send a filled and signed PINS Cancellation Form to the following address.

 

ICICI Bank Limited
Portfolio Investment Services Cell,
215, Free Press House,
Nariman Point Branch,
Mumbai 400 021,
Maharashtra,
India. 

 

Please note that we would be unable to cancel the PINS approval under the following circumstances.

  1. If the request letter is not signed correctly by all the Savings Account holders.
  2. If there are any pending PINS Annual Maintenance Charges marked as lien on your Savings Account.
  3. Either demat or trading account linked with the saving bank account on which PINS approval granted is not closed.

Note: Please mention your Customer ID on the PINS Cancellation Form where space is provided in case you are transferring from one ICICI Bank Account to another. If you are transferring the PINS approval to the other Authorised Dealer (AD) bank, there is a separate space available in the PINS Cancellation Form. Please fill in the correct address of the AD in the available space.

 

Demat account and PINS approval both are different identity. PINS approval is granted on your saving bank account and PINS annual maintenance charges are levied in advance for upcoming year and also auto debited from your saving bank account as per the terms and condition signed by you, irrespective of transaction done from it or not.

If we do not receive separate request letter for cancelling the PINS approval, your approval will remain active for which PINS annual maintenance charges will be charged.