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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:
ICICI has over 25 lakh demat account customers. ICICI Bank offers a few unique facilities to its demat account customers such as-
*The limit of FREE Brokerage is based on the value of the account opening cheque
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Account Opening Cheque |
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50 K - 99.99 K |
1 Lakh - 4.99 Lakhs |
5 Lakhs - 9.99 Lakhs |
10 Lakhs - 24.99 Lakhs |
>=25 Lakhs |
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Bonus Brokerage |
1,000 |
4,000 |
6,500 |
14,000 |
20,000 |
In addition to above, there are many other features of the ICICI Demat Account such as-
To open a new Demat account with ICICIdirect, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 (Free) |
| Demat Account Annual Charges (AMC) | Rs 300 (from 2nd year) |
| Sr | Particulars | Charges |
|---|---|---|
| 1 | Account Opening Charges | Nil |
| 2 | Annual Service Charges (AMC) | Rs 700 |
| 3 | Buy - Market and Off-Market | Nil |
| 4 | Sell - Market and Off-Market | (Maximum Rs 500 for debt instruments / Nil for Trades done on www.icicidirect.com) |
| * Instruction submitted through Internet (E-inst / IVR) | 0.04% (Minimum Rs 30 and Maximum Rs 25,000) | |
| * Instruction submitted through Call Centre | 0.04% (Minimum Rs 35 and Maximum Rs 25,000) | |
| * Instruction submitted at Branches | 0.04% (Minimum Rs 40 and Maximum Rs 25,000) | |
| 5 | Rejection/fails | Rs 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) | Rs 10 per ISIN (Nil for e-instructions) |
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| 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 a 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 counterparty | 0.02% (Minimum Rs 35 and Maximum Rs 25,000) | |
| * If, ICICI Bank is not counterparty | 0.04% (Minimum Rs 45 and Maximum Rs 25,000) | |
| 12 | Additional Account Statements | Rs 20 |
| 13 | Reissuance of Delivery Instruction Slip (DIS) | Rs 50 per booklet |
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ICICI Direct demat account is a safe, convenient and online account to trade and invest in the Indian stock market. The account allows you to trade/invest in Equities, Derivatives, Mutual Funds, IPOs, Fixed Deposits, Bonds, NCDs, wealth products, Home Loans, and Loan against Securities etc.
ICICI offers a 3-in-1 account which is the combo account of saving bank account, demat account and trading account, all linked together for seamless online trading experience.
ICICI is the largest full-service stock broker in India for over 30 years. ICICI is a well established and trusted brand. They offer demat account services online as well as offline through ICICI Bank branch offices.
Your ICICI DP ID is a part of your demat account number. The demat account number is a 16 digit alphanumeric code. The first 8 letters of the demat account number is your DP ID and the rest 8 digits is your client ID. To know your ICICI Direct DP ID, take the following steps:
Note: The CDSL demat account number is 16-digit numeric code. The NSDL demat account number starts with letter IN and followed by a 14-digit numeric code.
Example:
If your ICICI Direct Demat Account Number is IN303028 - 51120994, then your ICICI Direct DP ID is IN303028. This also shows that your demat account is with NSDL.
Note: As ICICI is a depository participant (DP) of both CDSL and NSDL, it has multiple DP IDs. Use the above step to check the exact DP ID for your account.
ICICI Direct offers both NSDL and CDSL depositories for demat account. Customers can choose one of them while opening an account. ICICI Securities is the depository participant (DP) with both NSDL and CDSL.
National Securities Depository Ltd (NSDL) and Central Depository Services India Ltd (CDSL) are two central securities depositories approved by the Government of India. They are the only two companies to hold your demat account. Stock broker (depository participant) like ICICI Securities works like an agent to service your demat account.
While both depositories are similar, NSDL transaction changes are higher than CDSL. If you do not know, choose CDSL.
To close ICICI Direct demat account, you would need to fill out a form and submit it to the bank. The account closing process is a manual process. You cannot close the demat account by email, over the phone or by submitting an online application.
An SMS is sent with an account closure request number once your application is received. It could take up to 7 days to close the account. There are no charges for account closure. You will get confirmation SMS once the account is closed.
Steps to close ICICI Direct Account
Note:
ICICI Direct assigns a unique demat account number to your demat account at the time of account opening. This account number is a 16 digit alphanumeric code. The first 8 letters is your DP ID and the last 8 digits is your Client ID.
The Client ID along with your DP ID gives you a demat account a unique identification in the depository (CDSL or NSDL) where you have your demat account. All your demat transactions are identified with this demat account number.
Note: The CDSL demat account number is 16-digit numeric code. The NSDL demat account number starts with letter IN and followed by a 14-digit numeric code.
Steps to find ICICI Direct DP ID and Client ID
Example:
If your ICICI Direct Demat Account Number is IN303028 - 51120994, then your ICICI Direct DP ID is IN303028. This also shows that your demat account is with NSDL.
Note: As ICICI is a depository participant (DP) of both CDSL and NSDL, it has multiple DP IDs. Use the above step to check the exact DP ID for your account.
The registration of nominees in the ICICI demat account is an offline process. It cannot be done online. You will have to download a nomination application form, fill it, sign it and submit it to the bank.
Steps to update nominee to ICICI demat account
Note:
You can change your name in the ICICI Demat Account by filling out a 'change in name form' and submitting it to your local ICICI bank branch. The process cannot be done online or through customer care.
Steps to change name in ICICI Demat Account
The ICICI Direct demat account cannot be closed online. You would need to fill out a form and submit it to the company to get your demat account closed. There are no charges for closing the account. It could take up to 7 days to close the account.
Steps to close ICICI Direct Account
Information on this page was last updated on Tuesday, November 9, 2021
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