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ICICI Direct is a leading and iconic full service broker under the ambit of ICICI Securities, which is a part of the ICICI Group. With its association with one of the top financial service providers, ICICI Direct has a lot to offer, including a host of investment products including, online equity, currency, and derivatives trading, non-convertible debentures, fixed deposits, home loans, ETF, investment opportunities in mutual funds and IPO, wealth management and products, eLocker, bonds, and much more. Basically, all the financial products are available on a singular platform - ICICI Direct.
Anybody who is a resident Indian, non-resident Indian, or an individual residing in the Gulf Co-operation Council (GCC) Countries of the United Arab Emirates, Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar can avail the ICICI Direct services.
NOTE: Anyone wishing to open an ICICI Direct account must also have a savings bank or DEMAT account with ICICI. In case they are not holding an account, they will also have to apply for fresh banking and DEMAT account along with the trading account.
You can open an ICICI Direct bank,trading and demat account through the following ways:
To open an ICICI Direct account through an offline channel, you need to first visit to download and print the account opening form. Alternatively, you can visit your nearest ICICI Direct branch and request for an account opening form.
In the ICICI Direct Account Opening Form, enter the mandatory details such as:
In addition to the duly filled out form, you need to produce self-attested copies of the following documents (for individuals):
For Companies, Corporations, and Partnership Firms, the following documents are required (relevant documents may be selected depending on the kind of establishment):
Cross-check your documents with the checklist and place your signatures in the relevant spots. Once everything is in order, you can mail or courier the documents at the following address:
ICICI Securities Ltd.
A-Wing, 7th Floor, Autumn Estate,
Chandivali Farm Road, Opposite MHADA Colony,
Chandivali, Andheri (East)
Mumbai - 400 072.
You can also drop off the documents at the branch closest to you and they will forward your documents to the Head Office.
To open an online account, visit to register for an ICICI Direct account.
Alternatively, you can visit www.icicidirect.com. On the right tab, you can also check out the “I am interested in” tab and select the appropriate option amongst the type of accounts available in the drop-down menu. Click on the ‘Open my account’ button and you will be redirected to the registration page.
Once again, choose the correct account type in the drop-down menu and enter all the relevant details such as:
You can even choose your preferred User ID (which is case-sensitive) and the password linked to it. Remember to note down the ARN ascribed to your application. This ARN should be written on your physical applications so that the same User ID and password can be allotted to your application.
On submission of the form, you will be contacted by an ICICI customer executive and they will visit you within two working days to carry out the account opening formalities.
You will have to submit self-attested copies of the following documents when visited by the executive:
Also, keep the original documents at hand for verification by the executive.
Once all your information has been verified, your ICICI Direct account will be made operational.
The service of verification of documents at home is subject to the availability of the customer executive. In case the agent does not visit you within two days, you may raise a ticket with ICICI Direct.
In case the house visiting service is not available in your region, you can courier or mail the documents at ICICIDirect Head Office.
In addition to the 3-in-1 account, ICICI Direct also offers Insta Account for dealing in Mutual Funds. The process of opening an ICICI Direct Insta Account is entirely paperless and hassle-free. It offers the following advantages:
To open an ICICI Direct Insta Account navigate to and complete the following 3 steps for getting an instant mutual fund investment account:
Your account will be ready in no time!
Having a formidable presence in the Indian market, ICICI Direct is supported by a strong and widespread network of physical branches present all over the country. There are nearly 1500 ICICI branches existing in various cities where you can seek help regarding their products and services.
Additionally, there are 75 dedicated ICICI Direct branches, which are available at the following locations:
ICICI Direct offers 3-in-1 accounts to its users, which acts as a single window for all investment requirements. A 3-in-1 account integrates your banking, trading, and DEMAT account. Through this feature, you can enjoy a seamless experience while selling or purchasing share without having to deal with settlements.
Once your account is operational, it is accessible over various platforms, such as web, mobile, and call and trade, for carrying out any trade. Since the 3-in-1 account also is a savings bank account, users will be required to maintain a minimum average balance.
In addition to the 3-in-1 account, ICICI Direct also offers an Insta Account for those aiming to invest in mutual funds. Unlike the 3-in-1 account, where it is mandatory for you to have an existing account or to open an ICICI account, Insta Account allows you to invest in mutual funds using your existing active bank account.
For opening an account with ICICI Direct, you will have to furnish the following details/information in your account opening form:
Additionally, you will have to submit self-attested copies of the following documents:
ICICI Direct allows new users to check the status of their new account opening request. To check it out, head over to and enter in your Form number or Receipt number along with your Date of Birth. Once you click ‘Get Status’ you will get to see the account opening status.
The Account Opening Form for ICICI Direct can be accessed on You can also get a copy of it by visiting your nearest ICICI Direct branch. You can also drop a mail to [email protected] and a customer service executive will email you the necessary forms.
In addition to the above, all relevant forms related to ICICI Direct can be downloaded from here.
Before applying for account closure, ensure that you have no dues pending against your account. Furthermore, transfer all your stocks, if any, to your new account and settle your account.
Download and print the account closure form and enter all the requisite details. Enclose the self-attested copies of your documents and send it to the ICICI Head Office.
You may also drop it at the nearest ICICI branch available.
Since 31st December 2000, ICICI has enforced that bank account holders have to maintain a quarterly minimum balance of Rs. 5,000/-
Failure to do so will result in the imposition of a fee of Rs. 300/- per month.
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.