ICICI Direct Vs RKSV 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.

RKSV is among the leading online stock brokers in India offering low cost discount stock, current derivatives & commodity broking services at BSE, NSE and MCX. RKSV offering its retail broking services since Jan 2012. RKSV has developed an in-house trading platform UpStox.

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

Sunshine Tower, 30 Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai, Maharashtra, India 400013

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.

Stock Broking and Depository Participants (DP) Services though its memberships with the NSE, BSE, MCX and CDSL.

Stamp Duty at actuals

Rs 150

For Individual account: ₹700 p.a.

For Corporate account: ₹1500 p.a.

Rs 150

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

Nil

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

Rs 2 per certificate plus courier charges of Rs 35 per demat request

₹25 + CDSL charges at actual

Rs 25 per certificate or 0.05% of the value whichever is higher.

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 )

Rs 13 + Rs 5.50 (CDSL charges) per scrip.

0.02% or minimum of ₹35

0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.

0.02% or minimum of ₹35

0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.

0.02% or minimum of ₹35

0.05% of the transaction charges subject to a minimum of Rs 50

Rs 50 per transaction

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

1. Demat Rejection Charges: Rs 35 per rejection for every 500 gms.
2. Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges.
3. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.