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ICICI Direct 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 a wide range of financial services through a network of 4,882 Branches located across India. ICICI Bank has over $100 billion in Asset Under Management (AUM).

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 etc.
  • Auto deposit of dividend and bonus shares

ICICI Demat Account Key Features:

ICICI has over 25 lakh demat account customers. ICICI Bank offers a few unique facilities to its demat account customers such as-

  1. Free ICICI Demat Account Opening- ICICI Direct charges zero Demat Account opening fees. Also, the annual service charges for the first year is zero.
  2. Earn 3.5% Interest- ICICI Demat Account users can earn 3.5% interest on money lying idle in their trading accounts.
  3. Free Brokerage Up To ₹20,000- In the equity cash market, customers can trade up to ₹ 44 lakhs at zero brokerage costs.
  4. *The limit of FREE Brokerage is based on the value of the account opening cheque

    Account Opening Cheque

     

    50 K - 99.99 K

    1 Lakh - 4.99 Lakhs

    5 Lakhs - 9.99 Lakhs

    10 Lakhs - 24.99 Lakhs

    >=25 Lakhs

    Bonus Brokerage

    1,000

    4,000

    6,500

    14,000

    20,000

  5. eATM or Equity ATM- Normally, cash proceeds on selling shares is credited to your trading account in T+2 days with T being the day of trade. With eATM facility, you can receive money up to ₹ 50,000 per day within 30 minutes of the execution of the order. This facility is available on the sale of over 600 BSE stocks free.

In addition to above, there are many other features of the ICICI Demat Account such as-

  • 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 are available through ICICI Bank branches
  • Mobile app to manage the account
  • Advisory services that cover over 200 companies across sectors

ICICI Direct Demat Account Opening Charges

To open a new demat account with ICICI Direct, the customer may have to pay demat account opening charges. The broker may also charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

ServiceCharges
Demat Account Opening Fee₹0
Demat Account Annual Charges (AMC)₹700

ICICI Direct Demat Account Charges

ICICI Direct Depository Service Charges for Resident Retail Customers

Sr Particulars Charges
1 Account Opening Charges Nil
2 Annual Service Charges (AMC) ₹700
3 Buy - Market and Off-Market Nil
4 Sell - Market and Off-Market (Maximum ₹500 for debt instruments / Nil for Trades done on www.icicidirect.com)
  * Instruction submitted through Internet (E-inst / IVR) 0.04% (Minimum ₹30 and Maximum ₹25,000)
  * Instruction submitted through Call Centre 0.04% (Minimum ₹35 and Maximum ₹25,000)
  * Instruction submitted at Branches 0.04% (Minimum ₹40 and Maximum ₹25,000)
5 Rejection/fails ₹30
6 Extra charges for the 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) ₹10 per ISIN
(Nil for e-instructions)
7 Dematerialisation  
  * For each request form ₹50
  * Extra for each certificate ₹3
8 Rematerialisation A fee of ₹25 for every hundred securities or part thereof, subject to a maximum fee of ₹3,00,000 or a flat fee of ₹25 per certificate, whichever is higher.
9 Reconversion of MF units ₹25 per instruction
10 Closure of Account Nil
11 Pledge Creation/Closure/Confirmation/ Invocation  
  * If, ICICI Bank is counterparty 0.02% (Minimum ₹35 and Maximum ₹25,000)
  * If, ICICI Bank is not counterparty 0.04% (Minimum ₹45 and Maximum ₹25,000)
12 Additional Account Statements ₹20
13 Reissuance of Delivery Instruction Slip (DIS) ₹50 per booklet
ICICI Direct Special Offer

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Frequently Asked Questions

Contact ICICI Direct / Request Call Back

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

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Information on this page was last updated on Sunday, February 16, 2020


2 Comments

Khemsingh
2. Khemsingh  Dec 11, 2019 13:02 I Like It. | I Don't Like It. | Report Abuse Reply
you people are only taking about investment . who is responsible for attending complaints. your bank has lost my shares in transition. who is responsible /
Dinesh K
1. Dinesh K  Apr 23, 2017 22:18 I Like It. | I Don't Like It. | Report Abuse Reply
Why does ICICI charge so much AMC?




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