ICICI Demat Account Charges

ICICI bank provides its customers the Demat Account or the online trading account
to get easy savings and investment in the Indian stock market with easy dealings.
ICICI Bank has its 24 X 7 customer care services which assist the customers to get
the most essential and basic facilities. ICICI bank provides the details of Demat
Account through SMS and emails alerts. All instant information like ISINs,
transactions and billings, are provided by emails. All alerts of credit and debit are
also provided through e banking by ICICI Bank.

These following are the ICICI demat account charges:-

1) There is no amount necessary for opening the demat account in ICICI bank.
These are valid on sub/ frequent broker charges and standard charges.

2) Annual service fee is Rs 500 and for frequent/sub brokers is Rs 1200 for ICICI
demat account.

3) An agreement is essential to make in a stamp paper of Rs 100.

4) The ICICI demat account charges are Rs 0 for buying shares.

5) The selling charges applicable are – 0 for trade on icicidirect.com

for internet provided instructions –0.04% (standard charges) and 0.02%

(frequent/sub broker).

For instructions provided through call centers –0.04% (standard charges) and 0.02%
(frequent/sub broker).

For instructions provided through branches –0.04% (standard charges) and 0.02%
(frequent/sub broker).

6) If rejection fails in ICICI bank then Rs 30 are the standard valid charges and Rs
15 are the valid charges for frequent/sub brokers.

7) Dematerialization charges for every request form are Rs 35 and Rs 2 for

every extra certificate.

8) In ICICI Bank dematerialization charges are Rs 20 for every 100 securities.

9) ICICI demat account charges are nil for the closure of the account.

10) Rs 10 per ISIN are valid for instruction provided through branches.

11) Supplementary account statements charge Rs 20 both frequent and sub

brokers and for standard rates.
Now you can open an Online Trading and Demat Account free with ICICI Bank
Demat Account. It has zero account opening charges. All you have to do is to
choose an online trading plan which suits your needs and pay only the charges of
AMC which are fully adjustable

Demat account
Demat account allows you to buy, sell and transact shares without the endless
paperwork and delays. It is also safe, secure and convenient.

What is demat account?

Demat refers to a dematerialised account.

Just as you have to open an account with a bank if you want to save your money,
make cheque payments etc, you need to open a demat account if you want to buy
or sell stocks. So it is just like a bank account where actual money is replaced by
shares. You have to approach the DPs (remember, they are like bank branches), to
open your demat account.

Let’s say your portfolio has 100 of Satyam, 200 of IBM and 120 of TCS shares. All
these will show in your demat account. So you don’t have to possess any physical
certificates showing that you own these shares. They are all held electronically in
your account. As you buy and sell the shares, they are adjusted in your account.
Just like a bank passbook or statement, the DP will provide you with periodic
statements of holdings and transactions.

Is a demat account a must?

Nowadays, practically all trades have to be settled in dematerialised form. Although

the market regulator, the Securities and Exchange Board of India (SEBI), has
allowed trades of upto 500 shares to be settled in physical form, nobody wants
physical shares any more. So a demat account is a must for trading and investing.

Why demat?
The demat account reduces brokerage charges, makes pledging/hypothecation of
shares easier, enables quick ownership of securities on settlement resulting in
increased liquidity, avoids confusion in the ownership title of securities, and
provides easy receipt of public issue allotments.

The Demat account number which is quoted for all transactions to enable electronic
settlements of trades to take place.

Tips on choosing your online investing account:

1. Credibility and credentials of the service provider.

2. Investments that you can make online

3. Quality of information and content

4. Speed of order execution

5. Safety: Check for the inbuilt security features.

6. Customer care: Does the service provider have a dedicated customer care cell
to take care of your queries and problems?

7. Additional features: Besides the above criteria there are a combination of

several additional features whose importance can be determined based on your
own investing needs – ability to sell shares next day before receiving delivery, SMS
alerts, and intra-day trading in equities.

Fees Involved

There are four major charges usually levied on a demat account: Account opening
fee, annual maintenance fee, custodian fee and transaction fee. All the charges vary
from DP to DP.

Account-opening fee

Depending on the DP, there may or may not be an opening account fee. Private
banks, such as HDFC Bank and UTI Bank, do not have one. However, players such
as ICICI Bank, Globe Capital, Karvy Consultants and the State Bank of India to do so.
But most players levy this when you re-open a demat account, though the Stock
Holding Corporation offers a lifetime account opening fee, which allows you to hold
on to your demat account over a long period. This fee is refundable.

Annual maintenance fee

This is also known as folio maintenance charges, and is generally levied in advance.

Custodian fee

This fee is charged monthly and depends on the number of securities (international
securities identification numbers — ISIN) held in the account. It generally ranges
between Rs 0.5 to Rs 1 per ISIN per month. DPs will not charge custody fee for ISIN
on which the companies have paid one-time custody charges to the depository.

Transaction fee

The transaction fee is charged for crediting/debiting securities to and from the
account on a monthly basis. While some DPs, such as SBI, charge a flat fee per
transaction, HDFC Bank and ICICI Bank peg the fee to the transaction value, subject
to a minimum amount. The fee also differs based on the kind of transaction (buying
or selling). Some DPs charge only for debiting the securities while others charge for
both. The DPs also charge if your instruction to buy/sell fails or is rejected. In
addition, service tax is also charged by the DPs.

In addition to the other fees, the DP also charges a fee for converting the shares
from the physical to the electronic form or vice-versa. This fee varies for both demat
and remat requests. For demat, some DPs charge a flat fee per request in addition
to the variable fee per certificate, while others charge only the variable fee.

For instance, Stock Holding Corporation charges Rs 25 as the request fee and Rs 3
per certificate as the variable fee. However, SBI charges only the variable fee, which
is Rs 3 per certificate. Remat requests also have charges akin to that of demat.
However, variable charges for remat are generally higher than demat. Some of the
additional features (usually offered by banks) are as follows.Some DPs offer a
frequent trader account, where they charge frequent traders at lower rates than the
standard charges.Demat account holders are generally required to pay the DP an
advance fee for each account which will be adjusted against the various service
charges. The account holder needs to raise the balance when it falls below a certain
amount prescribed by the DP. However, if you also hold a savings account with the
DP you can provide a debit authorisation to the DP for paying this charge.Finally,
once you choose your DP, it will be prudent to keep all your accounts with that DP,
so that tracking your capital gains liability is easier. This is because, for calculating
capital gains tax, the period of holding will be determined by the DP and different
DPs follow different methods. For instance, ICICI Bank uses the first in first out
(FIFO) method to compute the period of holding. The proof of the cost of acquisition
will be the contract note. The computation of capital gains is done account-wise.

[edit] Opening an account

Steps involved in opening a demat account First an investor has to approach a DP

and fill up an account opening form. The account opening form must be supported
by copies of any one of the approved documents to serve as proof of identity (POI)
and proof of address (POA) as specified by SEBI. Besides, production of PAN card in
original at the time of opening of account has been made mandatory effective from
April 1, 2006.

All applicants should carry original documents for verification by an authorized

official of the depository participant, under his signature. Further, the investor has
to sign an agreement with DP in a depository prescribed standard format, which
details rights and duties of investor and DP. DP should provide the investor with a
copy of the agreement and schedule of charges for their future reference. The DP
will open the account in the system and give an account number, which is also
called BO ID (Beneficiary Owner Identification number). The DP may revise the
charges by giving 30 days notice in advance. SEBI has rationalised the cost
structure for dematerialisation by removing account opening charges, transaction
charges for credit of securities, and custody charges vide circular dated January 28,
2005. Further, SEBI has vide circular dated November 9, 2005 advised that with
effect from January 9, 2006, no charges shall be levied by a depository on DP and
consequently, by a DP on a Beneficiary Owner (BO) when a BO transfers all the
securities lying in his account to another branch of the same DP or to another DP of
the same depository or another depository, provided the BO Account/s at transferee
DP and at transferor DP are one and the same, i.e. identical in all respects. In case
the BO Account at transferor DP is a joint account, the BO Account at transferee DP
should also be a joint account in the same sequence of ownership.

Disadvantages of Demat
Trading in securities may become uncontrolled in case of dematerialized securities.

It is incumbent upon the capital market regulator to keep a close watch on the
trading in dematerialized securities and see to it that trading does not act as a
detriment to investors.

The role of key market players in case of dematerialized securities, such as stock-
brokers, needs to be supervised as they have the capability of manipulating the
market.

Multiple regulatory frameworks have to be confirmed to, including the Depositories

Act, Regulations and the various By-Laws of various depositories.

Additionally, agreements are entered at various levels in the process of

dematerialization. These may cause anxiety to the investor desirous of simplicity in
terms of transactions in dematerialized securities.

However, the advantages of dematerialization outweigh its disadvantages and the

changes ushered in by SEBI and the Central Government in terms of compulsory
dematerialization of securities is important for developing the securities market to a
degree of advancement. Freely traded securities are an essential component of
such an advanced market and dematerialization addresses such issues and is a step
towards the advancement of the market.

Which bank offers best demat services?

* SBI

* ICICI

* ABN Amro

* HSBC

* HDFC
How to Trade using Demat Account
offered by banks SBI, ICICI, HDFC, ABN
Amro, IDBI, Axis, Kotak

Trading in the Indian stock market needs a Demat account, and the money to trade.
Demat account is the short form of Dematerialized account. Demat account keeps
the electronic list of one’s shares in the stock market. It is the sole thing needed to
buy and sell stocks and shares.

One who is wondering as how to trade using demat account should

follow the below mentioned steps;

• The certificates for dematerialization are needed to submit to the respective

depository participant.

• The depository participant then should intimate the depository of the request
through the system.

• The depository should submit that certificate to the register of the company which
is issuing the thing.

• The confirmation of the dematerialization request form will come from the
register.

• After that the register will update the account and then will inform the depository
of the completion of the dematerialization.

• The depository will update the account and inform the DP.

• Depository participant updates the demat account of the investor.

The above are the procedures of how to trade using demat account.
Besides these there are certain other features which can be related
while saying how to trade using demat account. Following are the
features:
• A number of shares can be dematerialized together.

• The dematerialized shares are fungible and thus do not have distinctive numbers.
This shows that all the holdings of a particular security are identical and can be
interchanged.

• The procedure of purchasing shares follow the brokers receiving the security, the
brokers giving instruction to the DP and then the investors will give instruction to
the DP to credit the amount.

• Standing instructions can also be given for credit transfer into ones account.

The State Bank of India provides online demat account facility for its customers. SBI
allows trading in equities, commodities, mutual funds, IPOs and many more. The SBI
online demat account can be easily accessed 24*7 by just logging into the website
ez-trade@sbi.co.in. To open an account online the customer just needs to login at
the mentioned site follow the steps stated there, fill in the form properly, provide
the required information and get a SBI online demat account.

The facilities which are available at the SBI Online Demat

Account are

• Easy and effortless execution of transactions.

• Helpful tips and advices from the customer care through emails.

• Trading experiences to suite the needs and demands of the customer.

• Viewing of holdings, billings and transaction statements online.

• Home delivery of booklets if ordered online.

• Checking of INS, settlement calendar, status request etc.

• Anytime and anywhere instructions of pledging and unpledging and transfer.

The SBI demat online account have the following charges

for its customers:

• Opening a demat account is absolutely free of cost.

• Closure of the account is absolutely free.

• The annual maintenance charges Rs 350 standard charges per annum Rs 950 for
high turnover plan charges.

• Purchasing the equities is free of cost.

• Selling of equities

Standard charges 0.03%

High turnover charges 0.015%

• If rejection fails Rs 10 standard applicable charges and Rs 15 high turnover rates.

Indiabulls is one of the stock brokers of India. It is a real estate company with
financial service. Indiabulls Demat account offers the flexibility of placing orders
either by calling, logging at the website or visiting the office in person. The service
managers and relationships manager are always there to help the customers of the
company. The power Indiabulls trading terminal which has a great speed needs an
installation. Indiabulls Demat account also provides online gateways with the
leading banks.

To open an Indiabulls Demat account one needs to submit

the following documents:

• Photocopy of pan card.

• Proof and details of bank account which is to be linked with the Demat account.

• One passport size photograph.

• Photocopy of telephone bill or driving license or pan card as residence proof.

How to Trade using Demat Account offered by banks SBI, ICICI, HDFC, ABN Amro,
IDBI, Axis, Kotak, SBI NRI Demat Account, SBI Demat Account, SBI Online Demat
Account, Name change in Demat Account, Free Demat Account, IDBI NRI Demat
Account, HDFC NRI Demat Account, AXIS NRI Demat Account, Kotak Demat Account,
IDBI Demat Account, ICICI NRI Demat Account, SBI Demat Account Charges,
Indiabulls Demat Account, ICICI Demat Account, How to open Demat Account, HDFC
Demat Account, AXIS Demat Account, IDBI Online Demat Account, IDBI Demat
Account Charges,

The main features of Indiabulls Demat account are:

• Quite a less brokerage.

• Powerbulls trading terminal is very fast.

• Indiabulls facilitates the application of ongoing IPOs through online and offline
channels.

• It also provides portfolio tracker through which one can track the profits and
losses daily.

• A team is there to publish equity analysis report to help the customers and gain
more and more interest.

• Digitally signed electronic contract notes are available within 24 hours.

• MPIB pr Mobile Power India Bulls is facilitated for its customers to check the
records through their mobile phones.

• The news room of the company provides real time news from stock markets and
other economy sectors.

• The account opening fees as applicable are Rs 1200 which is non refundable. RS
250 is the charge of equity trading account opening charge. Rs 200 are Demat
account opening charge. Rs 750 are the charges for software changes.
 bse

change: NSE BSE Plot Type: Line OHLC Mountain

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Candle Sticks Volume: On Off

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Range: 1D, 1M, 3M, 6M, 1Y Compare with:

ICICI Bank Ltd.

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