Free Trading + Demat Account

ICICIDirect Demat Account Charges, Review, Opening

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Incorporated in 1994, ICICI Bank is India's largest private sector bank (2nd largest bank after SBI) offering wide range of financial services through a network of 4,850 Branches located across India. ICICI Bank has over $100 billion asset under management.

The 3-in-1 account is ICICI bank's most popular product offering to retail customers. This account includes a bank account, trading account and a demat account, all linked together for absolute seamless transactions between them.

The 3-in-1 account offers:

  • Investment & trading across all segments.
  • Online and offline access to investments.
  • Online IPO, Mutual Fund, NCD, FDs, Insurance ect.
  • Auto deposit of dividend and bonus shares

ICICI Demat Account Key Features:

  • ICICI has over 25 lakh demat account customers
  • Offers 100% online demat account.
  • Electronic statement every month.
  • Dividend, interest and bonus deposited directly in the account.
  • SMS alerts for demat transactions
  • Customer services is available through ICICI Bank branches
  • Mobile app to manage the account

ICICIDirect Demat Acct Opening Fee

To open a new demat account with ICICIDirect, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the ICICIDirect Demat Account Opening Charges and ICICIDirect AMC as below:

  • ICICIDirect DP Account Opening Fee: ₹0
  • ICICIDirect DP Account AMC: ₹450
  • Share Debit Transaction Fee: ₹0 for trader on
  • Is demat account mandatory?: No

ICICIDirect Demat Account Charges

ICICI Direct Depository Service Charges for Resident Retail Customers
1 Account Opening Charges Nil
2 Annual Service Charges (AMC) Rs 600 (Rs 500 for customers receiving email statements)
3 Buy - Market and Off-Market Nil
4 Sell - Market and Off-Market (Maximum Rs 500 for debt instruments / Nil for Trades done on
  * Instruction submitted through Internet (E-inst / IVR) 0.04% (Minimum Rs 25 and Maximum Rs 25,000)
  * Instruction submitted through Call Centre 0.04% (Minimum Rs 30 and Maximum Rs 25,000)
  * Instruction submitted at Branches 0.04% (Minimum Rs 35 and Maximum Rs 25,000)
5 Rejection/fails Rs 30
6 Extra charges for processing of TIFDs submitted late (% of transaction value)  
  * Instruction submitted through Internet (Einst/IVR) Nil
  * Instruction submitted through Call Centre Nil
  * Instruction submitted at branches (accepted at Client's risk) Rs 10 per ISIN
(Nil for e-instructions)
7 Dematerialisation  
  * For each request form Rs 50
  * Extra for each certificate Rs 3
8 Rematerialisation A fee of Rs 25 for every hundred securities or part thereof, subject to maximum fee of Rs 3,00,000 or a flat fee of Rs 25 per certificate, whichever is higher.
9 Reconversion of MF units Rs 25 per instruction
10 Closure of Account Nil
11 Pledge Creation/Closure/Confirmation/ Invocation  
  * If, ICICI Bank is counter party 0.02% (Minimum Rs 25 and Maximum Rs 25,000)
  * If, ICICI Bank is not counter party 0.04% (Minimum Rs 35 and Maximum Rs 25,000)
12 Additional Account Statements Rs 20

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Information on this page was last updated on Tuesday, August 6, 2019


Dinesh K
1. Dinesh K  Apr 23, 2017 21:18 Reply
Why does ICICI charge so much AMC?

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