ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group...
Stock Broker Review Ratings
141. Namit Rathore Nov 3, 2008 9:41:48 PM IST | Reply
After posting my grievance on this site on 18th Sep, I received calls from people at ICICI Direct and apologised that they did not address my concerns adn immediately appointed a Relationship Manager. Of course I was completely pissed off. But thanks to this site, atleast somebody cared(and dared) to call to address my concerns. While I am not yet fully satisfied with ICICI Direct, as I have in the meanwhile signed up a trading account with Religare and found their RacePro more fast than ICICI Direct's Direct Link. The only big advantage of having account with ICICIDirect is the linking of ICICI Direct and the bank account. Makes it very easy to transfer both ways. Religare takes up to a day when you transfer the money to them (personal Experience)and when you withdraw your money, it comes to your bank account after 2 days ( I am told so)
140. Pramod Kumar Sahu Oct 30, 2008 8:07:48 PM IST | Reply
Hi I am a mech. engineer and only 21 years and I have just opened a demat account in ICICI bank, please advice how much money I should invest to just know the basics.
139. Mathew Antony from Bahrain Oct 26, 2008 7:22:09 PM IST | Reply
I have account with ICICI Bahrain. My company is transfering my salary to ICICI Bah.I would like to open Demat account,Trading account to do online share trading.Expecting reply.
I tried to open an online A/c but it is asking for zip code, in Canada we have postal code which it does not accept. Further, it will not accept my tel no, do you have any phone no. for help
135. Rajesh sharma Oct 17, 2008 12:53:28 PM IST | Reply
i have recently taken bsnl broadband for icicidirect tradind purpose but excet icicidircr login, tradind link all links are open even all other websites are easily opencan u suggest me how am able to open my login and startig tradind eith icicidirecr Thanks
ofcourse icicidirect.com is ggod site for on line trading, but their brokerage charges are very high, most of the profit goes in to the brokerage. if they can reduce the charges then it is very good site for online trading.
132. ICICI Bank Service Team Sep 30, 2008 4:15:24 PM IST | Reply
September 30, 2008
Dear Sir/ Madam,
We greatly value your relationship with us. In the context of the developments in the international financial markets, we thought it pertinent to bring to you our perspective of the prevailing situation.
We would like to bring to your attention that the Indian banking system is well regulated and significantly insulated from global developments. This is because it is mandatory for all Indian Scheduled Commercial Banks to retain 34% of the deposit base in the form of Government Securities (SLR) and cash with RBI (CRR). Besides, sound policies of RBI have ensured prudent credit practices in the Indian Banking system.
ICICI Bank is already compliant with the BASLE II requirement in respect of risk management practices and capital adequacy. At 13.4%, ICICI Bank has one of the highest capital adequacy ratios in the Indian banking industry. Last year, ICICI Bank raised Rs. 20,000 crores (US $ 5 billion) of equity capital, which almost doubled our equity capital base. We have a net worth of over Rs. 47,000 crores (US$ 10 billion), again one of the highest in the banking industry in India We have consolidated total assets of over Rs. 4,84,000 crores (over US $ 105 billion), which is diversified across a wide range of asset classes across retail, wholesale and rural banking.
ICICI Bank is amongst the most profitable banks in India. In FY 08, ICICI Bank made a profit of Rs. 4,158 crores (US$ 900 million).
ICICI Bank has the highest credit ratings in the Indian financial sector. We have AAA ratings for our instruments, such as senior bonds, subordinated bonds, and deposits. We have the highest foreign currency bond ratings assigned to any Indian bank from Moodys and S&P.
We continue to invest in growth, indicating our confidence in the opportunities in the Indian market. In 07-08, ICICI Bank added 650 new branches, taking the total strength to over 1400 branches.
We thank you for reposing trust in us over the years. We look forward to setting new benchmarks in service levels in India and to create a bank that you will continue to be proud of.
As a testimony to the above, please find below the clarification given by Reserve Bank of India.
Date : 30 Sep 2008 RBI Statement on ICICI Bank's Financial Position There are reports in some sections of the media that based on rumours regarding the financial strength of ICICI Bank, depositors are withdrawing cash at its ATMs and branches in some locations.
It is clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of India, to meet the requirements of its depositors. The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at its branches/ ATMs.
The ICICI Bank and its subsidiary banks abroad are well capitalised.
Alpana Killawala Chief General Manager
Press Release : 2008-2009/412
Uma Lakhani Office of Head Service Quality ICICI Bank Ltd.
131. kamal hyder Sep 24, 2008 12:52:38 PM IST | Reply
I would like to open an account in ICICIDIRECT for buying or selling shares.Please guide me.i am from Guwahati,Assam.How to get in touch with ICICI
I have been trading on IciciDirect for more than 5 years now. I started off as an investor and used to buy and sell once in a while. But since last 2 years I am trading heavily in F&O. For anyone who wishes to open trading account with ICICIDirect I would say - NO. Reasons : 1. Their trading platform is very poor. Quite often you will find that - a) Their trading platform is archaic. The quotes doesn't get updated automatically. You have to press refresh button everytime you want to check the latest rates. a) The site in not accessible during trading hours, especially on days when there is high volatility. Don't know whether it's because of their bad system or deliberate act so that they can clear off their proprietary positions before their customers can !!! b)If you place an order as soon as the market opens, your order appears under status "queued" and remains like that for 10-15 minutes. At that time you can neither modify or cancel the order. In such cases I have experienced that many a times the trade does get executed if your price is breached while at other times, even if you see that the market price became better than your order price and stays like that for 5 minutes and then goes above your price, still your trade doesn't get executed. For eg. yesterday I had a short position on SBI at 1579 c/f from previous day. In the morning I was thinking that I should cover SBI at the opening bell as DOW had closed 150ponits + the night before. SO I placed oprder at 1555 immediately at the open. When I ordered, the price was well above 1570. After 5 minutes I saw that the trend is actuall down and wanted to change the order to 1530 but when I went there it was under queued status. After 15 minutes, when the price was below 1540, in my orders book I saw that the trade was excuted at 1555!!!! Eventually the stock did touch 1522 in the first half of the day. c) Very often the F&O rates stop getting updated. So you don't know what is the current rate at the exchange. For an F&O trader, even a 5 paisa difference matters. So one misses out on a lot of opportunities
2) Their customer service is very very poor. If you call them when facing any problem with their website for the above problem, first thing that would frustrate you would be the amount of time that you will have to wait before someone answers About 4 months ago, if you select an option to speak to CCE, you will be told that the call will be answered in 6 minutes but no one would respond even after 10 minutes. Even otherwise,it takes up valuable time in going through answering all the options on the phone menu. And then even if you select the right options it goes to the wrong person. A lot of time when I called for placing an order when the website is down, it invariably goes to the agent who deals in Cash market and not F&O. From there the guy transfers to the relevant dept. Then again a lot of time goes in verifying yourself even if you have reached there using your TPIN. 3)When you call them for problem that you face on their site, their customer service has a standard answer - "There is a technical problem and it will take 1/2 hour". Lately the disruptions on their website is very frequent, possibly because they may have got more number of users than what it was designed to support. 4) As if their brokerage wasn't high enough compared to it's competitors, from 15th Sep 2008 it increased it further by levying SEBI Turnover Tax, Stamp Duty and Transaction charges levied by the exchange in addition to STT and Serice tax that one was already paying, saying that these new charges were statutory charges which were so far borne by them. These charges exist for more than 3 years now and I always thought that in deciding the brokerage charges, they must've taken this into account. All other players in the market do not charge it separately so far.
So if you area a trader in F&O, I wold not recommend ICICIDirect despite some very good feature like seamless transfer of money and margin against share. Anyone can suggest who offers the best trading in F&O. I am looking for speed, reliability and good customer care.
there is no doubt, ICICIdirect.com is best trading plateform and reliance money is the worst. The only problem with icici is extremly poor service at bank brs after opening the acct. the living example is KYC norms which bank claim to be destroyed, but takes no interest to complete, their by customer suffer. any body either regulating body or icici bank listen and help poor invested
Is it transfer shares from one account(say icici bank/ICICI direct.com) to another in (say sharekhan). Is it possible hroug icici bank/icici direct.com web site. If possible what is the transation chage? If share hel are to be transfered for closing the account, what is the charge?
MY ADVICE TO ICICIDIRECT REPRESENTATIVE PLZ BROKRAGE( KAM KRO ) OTHERWISE YOU WILL LOOSE ALL YOUR CLIENTS I AM YOUR COSTOMER SINCE 1 YERS BUT I SHIFTING TO ANGEL BROKING .I LOVE ICICIDIRECT BUT (AAP HUME MAJBOOR KAR RAHE HAI KI HUM AAP KA SATH CHORE) SO BE SERIOUS DO SOMETHING IMEDIATELY PLZ PLZ CUT DOWN BROKRAGE....
125. Jodh Singh Aug 27, 2008 8:47:40 PM IST | Reply
icicidirect.com site is very fast as compered to reliance money ,sharekan, religare etc.It takes your hard earning by brokerage very fast.
124. AMIT KAPOOR Aug 12, 2008 5:02:24 PM IST | Reply
I AM A CLIENT OF ICICIDIRECT.I AM WELL SATISFIED WITH THE SERVICE IT PROVIDES BUT THE BROKAGE IS VERY HIGH
I would like to open an online trading a/c.Also I have heard that while selling shares , one has to give some interdepository charges (around 25/- per transaction) apart from the brokerage.Is it true? So please suggest me a reasonable a/c.
some time i am facing problem in "square off" message comes on screen aftet clicking on square off due to technical reason page can not be displayed. please try after some time. i have lost so many profit money due to this problem.