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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 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

ICICI Direct Demat Account Opening Charges

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

Demat Account Opening Fee₹0
Demat Account Annual Charges (AMC)₹450

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) ₹600 (₹500 for custome₹receiving email statements)
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 ₹25 and Maximum ₹25,000)
  * Instruction submitted through Call Centre 0.04% (Minimum ₹30 and Maximum ₹25,000)
  * Instruction submitted at Branches 0.04% (Minimum ₹35 and Maximum ₹25,000)
5 Rejection/fails ₹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) ₹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 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 counter party 0.02% (Minimum ₹25 and Maximum ₹25,000)
  * If, ICICI Bank is not counter party 0.04% (Minimum ₹35 and Maximum ₹25,000)
12 Additional Account Statements ₹20
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.

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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ICICI Direct Competitors Review

Information on this page was last updated on Wednesday, November 20, 2019


2. Khemsingh  Dec 11, 2019 13:02 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 Reply
Why does ICICI charge so much AMC?

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