ICICI Direct Vs Reliance Securities Demat Account Comparison

ICICI Bank is India's largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015 and profit after tax Rs. 111.75 billion (US$ 1,788 million) for the year ended March 31, 2015. ICICI Bank currently has a network of 4,050 Branches and 12,817 ATM`s across India.

Reliance Securities, A Reliance Capital Limited Company, is the financial services division of Reliance Anil Dhirubhai Ambani (ADA) Group. Reliance ADA group is among top 3 business houses in India with wide range of presence across various sectors. Group's major interests ranges from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to generation, transmission and distribution of power (Reliance Energy), infrastructure and entertainment.

ICICI Bank Tower, 5Th Flr South Wing,
Tower ii, Plt No 12 Financil Dist,
Gachibowli Hyderabad,
Andhra Pradesh, India - 500032

Ashar It Park, B-2, B Wing, 4th Floor,
Jayashri Baug, Rd No 16 Waghle Ind Estate,
Thane (W) Mumbai Maharashtra India - 400604

ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

Depository Services

Stamp Duty at actuals

Nil

For Individual account: ₹700 p.a.

For Corporate account: ₹1500 p.a.

Regular Demat Account

1. For Individual/HUFs/ Trust: Accounts - Rs 400
2. For NRIs/Foreign Nationals: Nil
3. For Corporate / Other Non Individuals: Rs 1000

BSDA (Basic Service Demat Account)

1. If Holding value is not greater than Rs 50,000: Nil
2. If Holding value is between Rs 50001 to Rs 200000: Rs 100

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

Nil

₹50 Per Demat Request Form and ₹10 For Each Certificates

Rs 30 per request + Rs 5 for each certificate

₹25 + CDSL charges at actual

Rs 40 for 100 securities or a flat fee of Rs 25 per certificate which ever is higher + postal charges

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30 & maximum ₹25,000 )

0.04% of transaction value or minimum of Rs 27 per ISIN

0.02% or minimum of ₹35

Rs 0.05% of transaction value or minimum of Rs 30 per ISIN

0.02% or minimum of ₹35

Rs 0.05% of transaction value or minimum of Rs 30 per ISIN

0.02% or minimum of ₹35

Rs 0.05% of transaction value or minimum of Rs 30 per ISIN

Nil

₹200 for restoring services if account is suspended for non payment of charges.

1. Additional account statements for Individuals/HUFs/ Corporate: Rs 40 per Statement
2. For NRI / Foreign Nationals: Rs 100 per Statement