Thursday, December 8, 2011

Please mention the various charges produced by ICICI bank on its customer having Demat and Trading Acc.?

I want to open a Demat and Trading acc. in ICICI bank but dont know about the various charges like ACC. OPENING FEE, BROKERAGE COST, ACC. MAINTAINANCE FEE, SECURITY DEPOSIT, MINIMUM BALANCE IN THE ACC. E.T.C..


Please clear all to me..?|||Visit this site to clear all your doubts:


http://www.icicidirect.com/|||Visit the web site and you have all the details


In case you can visit the ICICI office - customer help desk will assist you into all your details.


For opening a Demat a/c you must have a PAN card and proof of residence which is a must.


If you are computer savy - than opt for online trading.


Since you are a beginner it will be best to visit the office and accept the details|||Hi Junaid,


ICICI charges various fees for its bank account, demat account and trading account. The fees I know are as follows:


Bank Account: You have to keep 5,000 average quarterly balance.


Demat account: 500 per year. However, the fee is reduced to 450 per year, if you want the transaction statements through e-mail instead of by post.


Demat account also has transaction charges of 35 Rs for every ISIN debited from the account.


Trading Account: The brokerage charged is 0.75%. But this is for the day. I mean, if you buy shares worth 1,000, the brokerage will be 75. If you sell the shares on the same day, there will NOT be any brokerage for selling.

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