ICICI Direct is a full-service stockbroker offering one of the best services to its clients for years. So if you too want to experience its services by opening an account, then let’s first discuss the ICICI Demat Account charges.
These charges include Demat account opening charges, trading account fees, AMC or annual maintenance fees, etc.
ICICI Bank Demat Account Charges
Since ICICI Direct offers you 3 in 1 account, thus avail trading, Demat, and a bank account together. However, the broker provides a provision to link any other bank account with your trading account.
But above all a person needs to pay separate fees to activate all these accounts?
Of course not!
You can reap the benefit of ICICI 3 in 1 account by paying a single account opening fee, however since it includes the bank account too, so here you have to maintain a minimum balance in your saving account to avoid any penalties.
Apart from account opening fees, it is good to consider the AMC charges, and other fees imposed to trade or secure your securities in the Demat account. Here is the detail of all the fees and charges.
ICICI Direct bank-based stockbroker and the broker in this category are known for charging high fees and taxes. It is right in some cases but when it comes to ICICI Direct, it does not charges any fees for opening an account.
ICICI Direct Account Opening Charges
Demat Account Opening Charges
NIL
In case, you are looking ahead for an assistance in opening a demat account with the renowned stockbroker fill in your basic details in the form below:
AMC charges, also called Account Maintenance charges is charged to ensure the security of your shares in your demat account. Every investor needs to pay this fees in order to keep his or her account active.
Now since the broker offers a different plan and thus its AMC varies accordingly. Here if you are an existing customer or a new customer opted for a standard brokerage plan, the AMC charges of ₹700 are levied upon you from the second year onwards.
On the other hand, one who opted for the ICICI Direct NEO brokerage plan needs to pay the AMC of ₹300+GST from the first year onwards.
Below is the AMC charge of ICICI that has to pay in advance before setting a Demat account with the broker-
Also, all the stockbrokers offer a BSDA account opening facility along with a regular Demat account. The account opening charges for BSDA depend upon the value of your holdings in the Demat account.
Along with this, you can avail yourself a relaxation on paying the Annual Maintenance fees by opening an ICICI BSDA account. Apart from this there is dematerialization charges, transaction fees, on and off-market redemption, and many more.
To get the complete detail you can check the PDF document.
Wrapping Up
Opening a Demat account with any broker is easy, but the main concern of the Demat account holders is the pricing.
Demat account charges for regular, minor, and NRI in ICICI are absolutely NIL, however, one has to pay Annual Maintenance charges every year in advance to the broker.
Along with these charges, several other additions in the fees lists are made too such as DP and custodian charges. If you plan to open a Demat account by paying these amounts, then further you will be imposed with brokerage charges. They are executed per order as per your chosen plan.
So open a Demat account, and reap the benefit of flexible brokerage and impeccable trading platforms.
In case you are looking for assistance to open a Demat account, then
