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ICICI direct offers 3-in-1 (demat, trading and bank) and 2-in-1 account openings for free. And the first year AMC of demat account is free of charge. ICICI direct offers the easiest way to open an account with idirect mobile app or icicidirect website and it takes only 10 minutes. After that, you can start trading and investing in the stock market. When you open an account with icici direct, the financial expert will help you with financial and other services related to the stock market.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Free |
| Trading AMC | Free |
| Demat Account Opening Charges | Free |
| Demat AMC | Rs 300 per annum |
Opening an ICICI direct account is very easy through idirect or icicidirect mobile app or icicidirect website. Opening an ICICI direct demat account is a complete online process that takes only 10 minutes. Follow these steps to open an ICICI direct account:
Once you complete all these steps, your trading account will be activated and you will get the reference number. Within 24 hours or next trading day, your document will be verified and you will get the login ID and password for ICICI direct Demat account.
There are some documents required for opening ICICI direct account. Here is the list of all required documents:
ICICI is one of the leading Indian banks whose branches can be found in almost every city and rural areas. So, you can also visit a branch near you to open a demat account. There you can contact RM (Relationship Manager) and submit documents to him. After that RM will initiate the process of Demat account opening. He will also help you with other financial services.
To close ICICI direct demat account, you need to download ICICI direct demat account closure form from the official website. Then follow the process to deactivate the demat account:
You can also visit the ICICI branch and ask for the account closure form at RM. Fill in the form and send it to RM. It takes 5-7 trading days for the demat account to be closed after DP receives your account closure form.
Consider the following points before closing a demat account with ICICI Direct:
Even though the brokerage charges are higher in ICICI Direct, you will enjoy all the products offered by a full service broker. At present, it is one of the most prominent stock broker catering to the largest user base. This fact, in itself, proves how good and reliable ICICI Direct is.
Plus, compared to discount brokers, ICICI Direct offers a wide range of investment options. Being a leading company, ICICI Direct offers premium customer service whether you are trading, investing, or banking. Finally, the guidance offered by ICICI Direct is unparalleled.
There are many ways to join the ICICI Direct family. You can open your account with great ease through offline and online channels. The steps to open an ICICI Direct account have already been detailed above.
Unfortunately, no. At present, ICICI Direct does not have any new account offers.
There are no promo codes for those opening a new ICICI Direct account. However, there are many offers for ICICI bank account holders, which can be explored.
ICICI Direct offers an attractive referral program where the following benefits are available to you and your friends. If you friend give funding cheque between 1 to 5 lacks, you will get Rs 1000 as referral bonus in brokerage. The higher is amount, the more referral brokerage you get.
Since 31st December 2000, ICICI has enforced to maintain a quarterly minimum balance of Rs 5,000 in ICICI Bank Savings Account linked with ICICI Direct Trading Account. Failure to do so will result in the imposition of a fee of Rs 300 per month.
ICICI Direct Account cannot be closed online. To close the account, you need to download the account closure form or visit the ICICI Bank branch and submit an application for Account Closure. It may take up to 7 working days to close the account after submitting the application for account closure. Once the account is closed, you will receive an SMS informing the same. ICICI Demat and Bank account can also be delinked by the customer by submitting an application for the same. There are no charges levied on account closure by ICICI Direct.
Follow the given procedure to transfer money between an ICICI direct trading account and another bank account :-
Once your funds are transferred to the ICICI direct trading account, you will receive a notification about the successful transaction status.
For BSDA (Basic Service Demat Account) AMC fee is free for the first year, after that Rs 700 will be charged.
If you want to close the ICICI direct Demat account, download the ICICI direct Demat account closure form from the given link. And attach the required documents and send it by courier to DP or nearest branch.
https://www.icicibank.com/managed-assets/docs/personal/demat/Dematclosure.pdf
The 16-digits demat account number is a combination of DP ID and client ID. To get the client ID and DP ID from ICICI direct, do the following:
If you have forgotten your ICICI direct account password, you can reset it using the following link:
https://secure.icicidirect.com/customer/forgotpassword/otp
You can reset your password in 3 ways:
Last Updated on 2023-09-14
