Why ICICIdirect.com
You can now enjoy the convenience of hassle free, fast, easy & simplest way
of trading in shares on-line with ICICIdirect.com
With our unique 3-in-1 account, when you place a buy or a sell trade on your computer
the system checks the funds and shares available in your bank and the demat account
respectively and executes the trade on the exchange on-line. The bank account and
demat account is automatically debited or credited. The trades are also automatically
reported to ICICI Bank for onward reporting to Reserve Bank of India, as required
by FEMA Regulations.
Unique 3-in-1 account
Convenience
The 3-in-1 account integrates your banking, broking and demat accounts. This enables
you to trade in shares without going through the hassles of tracking settlement
cycles, writing cheques and Transfer Instructions, chasing your broker for cheques
or Transfer Instructions etc.
Speed
You can now get the latest quotes of shares on ICICIdirect.com and place an order
almost instantly.
Control
You would have always wanted to place orders at price of your choice, but may not
have been able to do so. With ICICIdirect you can be assured that you get the control
over your trades by placing limit orders of your choice.
Independence
Instead of transferring monies to a broker's pool or towards deposits, you can manage
your own demat and bank accounts when you trade through ICICIdirect.com
Tracking & Review
Monitoring your investments is as important as making one. Our portfolio tracker
and watchlist will keeps you updated on the current status of your investments so
that you can make a quick decision on them when required.
Trust
ICICIdirect.com comes to you from ICICI, the organisation trusted by millions of
Indians.
We Offer
ICICIdirect.com has pioneered a range of products & services that helps you grow
your investments and achieve your financial goals with ease.
Complete online and real- time trading on Indian stock markets in BSE / NSE. With
the click of a button you can buy and sell shares, ETF . Trade with ease in shares
with the intention of taking delivery of shares in your demat account.
Reporting of transactions details to RBI directly through Portfolio Investment Scheme
( PINS ) for all secondary market transactions.
You can now trade in ETFs (Exchange Traded Funds) through your Non PINS trading
account (NPNRE / NPNRO). You can invest through both repatriable as well as non
repatribale funds.
To begin with, let us first understand the concept of an exchange traded fund or
commonly known as ETF, types of ETF in India and then move on to the advantages
of using ETFs as part of your portfolio.
Understanding ETFs An ETF is a basket of securities that is traded
on the stock exchange, just like a stock. So, ETFs are listed on a recognised stock
exchange. Their units can be bought and sold directly on the exchange, through a
stockbroker during the trading hours. ETFs can be either close-ended or open-ended.
Type of ETF In India, there are three kinds of ETFs available :
-
Equity Index ETFs
-
Liquid ETFs and
-
Gold ETFs
Advantage
of ETFs
ETFs generally have lower costs than other investment products because most ETFs
are not actively managed. Besides, ETFs are insulated from the costs of having to
buy and sell securities to accommodate shareholder purchases and redemptions. ETFs
have lower marketing, distribution and accounting expenses. The expense of investing
in ETFs is relatively less by 0.50-1.00 percent in comparison to an index fund.
The expense ratio for ETFs is in the range of 0.50-0.75 percent excluding brokerage
while for index funds the expense ratio varies in the range of 1.0-1.5 percent.
However, brokerage (which varies) is applicable on ETFs while there are no entry
loads now on index funds
Low tracking error: The tracking error, which explains the extent of deviation of
returns from the underlying index, is usually low in ETFs as it tracks the equity
index on a real time basis whereas it is done only once in a day for index funds
Exposure to broad markets through Index ETFs, Liquid ETFs and Gold ETFs
Investing
in Mutual funds :
ICICIdirect.com brings you the online convenience while investing in Mutual funds
also - Hassle free and Paperless Investing.
You can invest in mutual funds without the hassles of filling application forms
or any other paperwork. You need no signatures or proof of identity for investing.
Once you place a request for investing in a particular fund, there are no manual
processes involved. Your bank funds are automatically debited or credited while
simultaneously crediting or debiting your unit holdings. In case of investments
from the NRE account, the debit certificate is also submitted automatically to the
Mutual Fund so as to enable repatriation of sale proceeds subsequently.
You also get control over your investments with online order confirmations and order
status tracking. Get to know the performance of your investments through online
updation of MF portfolio with current NAV.
You could also invest in Initial Public Offers (IPOs) online without going through
the hassles of filling ANY application form/paperwork.
Once you place a request for investing in a particular IPO, there are no manual
processes involved. Your bank funds are automatically debited and an application
made on your behalf. In case of investments from the NRE account, the debit certificate
is also submitted automatically. Where such investments are subsequently sold online,
the proof of debit from NRE account is also not required to be submitted separately
for repatriation of sale proceeds.
Get in-depth analyses of new IPOs issues (Initial Public Offerings) which are about
to hit the market and analysis on these. IPO calendar, recent IPO listings, prospectus/offer
documents, and IPO analysis are few of the features, which help you, keep on top
of the IPO markets.
Value Added Services
Portfolio Investment Scheme (PINS) is a scheme of RBI through which NRIs and PIOs
can buy and sell shares and convertible debentures in Indian Stock Exchanges.
Investment in Indian markets can be made only after approval from RBI. Designated
Banks are authorized to issue permission on behalf of RBI. ICICI Bank is one of
the designated banks for PINS.
NRIs can authorize only one Bank for Portfolio Investment Scheme, and as such can
have only one PINS account. Application for PINS to ICICI Bank is made on behalf
of the NRI client through the ICICI Direct application form.
A NRI or a PIO can have only one PINS approval in India.
Tax needs to be deducted at source. ICICI Direct deducts the Tax before crediting the account.
Investment in Indian markets can be made only after approval from RBI. Designated Banks are authorized to issue permission on behalf of RBI. ICICI Bank is one of the designated banks for PINS.
Tax applicable as per Income tax law, for current financial year , tax on short term capital gain is 17.94% and long term capital gain is 11.96% for equity transactions. There is different tax rate slab for non-equity transactions. TDS is applicable on all the transactions wherein you have made a profit or capital gain. However there is no TDS deducted if you have incurred a loss on a particular transaction.
The rate of TDS depends upon the period of holding. TDS is calculated at @17.94% for Short Term Capital Gains, i.e. gains on holdings less than a year old for equity transactions. Long Term Capital Gains (i.e. gains on holdings more than a year old) are taxed at 11.96% for equity transactions. Short term & Long term capital gains tax is applicable for non-equity transaction depending upon the nature of the securities
TDS
is calculated on sell transaction only
If you or any of the joint holders ( if you wish to add them for Demat account )
do not hold PAN you can know apply through us. No separate application fees is required
if you file the application with the ICICIdirect application. You can submit your
PAN Card Application with your 3 in 1 NRI Account opening form. If you wish to avail
this facility, follow the steps given below.
-
Fill the Form 49A
-
Go through the instructions for filling up the form carefully and also note the
following
An additional copy of Passport and Address Proof duly verified need to be submitted.
On receipt of this form along with the Form 49A. ICICI Securities Limited will hand
over the duly filled-in Form(s) 49A to UTI. Once the PAN card(s) is/are received,
the 3 in 1 form will be processed and the original PAN card(s) will be sent to the
communication address of the First holder by the concern authorities.
In case the sole holder or any of the joint holder(s) of the demat account do not
have a PAN, a separate form has to be filled for each holder without PAN.
Pre-market open view
Opening Bell : Daily comprehensive
snapshot containing information & in-depth analysis of Indian & US markets, major
headlines, technical view on the indices & news events on major frontline stocks.
Daily Technical : Features
three stocks with a trading outlook for the day based on short-term technical trends
considering key technical indicators & statistical information.
Daily Derivative : Trading
strategy for a day in the futures & options segment based on news events, market
trends, technical & other factors governing movements in stocks.
Advanced Derivative Strategies
: Provides simplified Derivative strategies such as Spreads and Covered calls.
Intra-day Technical recommendations
Derivative Calls : Based
on short term technical trends and stock specific news/news expectations.
Weekly Technical : Features
stocks with a trading outlook for a week based on short-term technical trends considering
key technical indicators & statistical information.
Weekly Derivatives :
Trading opportunities in futures & options segment based on fundamental &
technical analysis also incorporates factors such as overall market trend, volatility
& open interest positions of securities.
Pick of the week : Every
week one stock on fundamental and/or technical parameters which have a potential
to appreciate by 10% in a 3 month time frame.
Short - Medium term recommendations
Stock Picks : Detailed Company
Report : Fundamental report understanding the business model and future prospects
of the company & valuations.
Weekly recommendations
Stocks on move : Covers
stocks which are likely to show significant upward movement in the next 15 days
due to change in trader sentiment.
Monthly Technicals :
Trading outlook for a month based on medium-term technical trends considering key
technical indicators & statistical information.
Equity Model Portfolio
: A portfolio based on your Risk appetitie: Conservative, Moderate and Aggressive.
High Dividend Yield Stocks
: Features High Dividend Yielding Stocks for assured returns on investment.
Open an Account
You can Open An Account in three different ways :
Online Registration : ICICIdirect.com welcomes you to register
yourself for an Online Trading Account from the convenience of your home or office.
The
On-line application involves 3 steps :
-
On line form filling
-
Print the completed form & follow the CHECKLIST for signatures, photographs
& documents
-
Attach the required attested documents and send it to following address :
ICICI Securities Ltd :
NRI AOC DESK
ICICI Securities Ltd.
"Operation Team",
Shree Sawan Knowledge Park,
Gr. Floor, Plot No. D-507,
T.T.C Industrial Area,
M.I.D.C, Turbhe,
Near Juinagar Railway Station,
MAHARASHTRA, 400705
INDIA.
Walk
In to ICICIdirect Super Store in India
You can walk in to our nearest
Branch in India and the officer would assist you in opening the account.
Walk
In to Offices in Abroad
You can also handover your completed Account Opening
form at the nearest ICICI Securities Center or ICICI Bank branch.
Oman
ICICI Securities Ltd.
MHD Corporate Office Building,
Ground Floor, P.O. Box: 2451,
PC-112, RUWI,
Sultanate of Oman.
BAHRAIN
ICICI Bank Ltd.
Building no-116,
Road no-383,Block no-316,
Manama Center ,Manama
Kingdom of Bahrain.
DUBAI
ICICI BANK LTD, Representative Office,
Suite No. 403 & 404, Business Center Bldg,
Khalid Bin Al Waleed Street
P. O. Box 28758,
Dubai - U.A.E.
Abu Dhabi
ICICI Bank Limited - Representative Office
No.203-205, Al Reem Plaza,
Electra Street, Near Eldorado Cinema,
P O Box 31276,
Abu Dhabi,
U.A.E.
* Products are enabled for NRI customers based in select countries as per local
laws & jurisdiction
Online Password Generation
:
If you are registered for Online Generation of Password follow three simple steps:
Visit www.icicidirect.com > Customer Service > Generate Password Online
Step 1 : Generate Grid. If you already have Grid, proceed to OR
Enter the details to 'Generate Grid'.
Step 2 : Generate URN. If you have the Grid & URN, proceed
to OR
Enter the details & Grid Values to Generate URN. You will receive the URN instantly
on your registered E-mail ID / Mobile number.
Step 3 : Generate Password Online. Fill in the requisite details
and create password
Registration for On line Generation of Password :
Login to your ICICIdirect.com Account with your User ID and Password.
Register for On line Password Regeneration by clicking ' Password Regeneration GRID'
on Customer Service Page. Mention your email ID & Mobile number
Note :
If an error message of "Records not matching with Details in our data base" then
modify / update the details in General Profile Section of Customer Service Page
After Updating the details re-register for On line Password Service by clicking
'Password Regeneration GRID' on Customer Service Page
On registration a GRID is mailed to you on your registered email ID
The GRID need to be stored for generation of On line Password in future
The Grid is valid for 90 days from the date of receiving it and needs to regenerate
before expiry
Physical Password :
If you are not registered, you need to request for the physical password
Go to www.icicidirect.com > Customer Service Page > Request Physical Password
Enter Correct User ID ( case sensitive ) / Form number, Date Of Birth, PAN details
Note :
The current address mentioned in our record would be displayed where we would send
the physical password
If the address is not correct please download the demat address change form and
submit a request for address change at the nearest ICICI Bank branch offering Demat
Services
Once the address change is confirmed please place a fresh request for pin mailer
You would receive physical PIN Mailer containing your User ID and Password in 7
working days at your registered communication address in our records. On receipt
of it you need to activate your account.
Get yourself registered for Online Password !
Bonus shares cannot be sold through PINS Account, you need to transfer them to NON
PINS Account. Modes of transferring the shares
-
Transfer Instruction For Delivery Slip ( TIFD )
-
E- Instruction Facility
-
Internet Banking
-
Interactive Voice Recorder ( IVR )
-
Speak to Transfer
Physical TIFD :
You need to submit personalized slips for all your transfer instructions.
Request you to fill in Off-Market Trades details on a TIFD slip.Sample TIFD Slip for your reference. Send the TIFD
Slip at the below address :
ICICI Bank Ltd- Demat Services,
C/O 3 i Infotech Ltd, 3rd Floor, P.10, Road No. 7,
Akruti Trade Centre, MIDC Marol, Bhimnagar,
Andheri East, Mumbai - 400093. Maharashtra.
E-Instruction Facility :
You need to register for the E-Instruction facility by filling up the prescribed form. Please mention
the Demat account linked to NON PINS Trading account as target account. You need
to send the E- instruction form along with the required documents ( as mentioned
on the form ) at the below address for registration :
ICICI Bank Ltd- Demat Services,
C/O 3 i Infotech Ltd, 3rd Floor, P.10, Road No. 7,
Akruti Trade Centre, MIDC Marol, Bhimnagar,
Andheri East, Mumbai - 400093. Maharashtra.
Once you have availed the E-instruction facility you can transfer the shares through
Internet Banking, IVR or Speak to transfer facility.
Internet Banking :
To submit transfer instruction on Internet you have to log on to www.icicibank.com
with his User ID and password. All the demat accounts linked with the User Id will
be displayed in 'My Accounts' menu. Select e-Instruction from the Demat Menu and
follow the simple instructions.
IVR :
You can call our Customer Care Centre.
Dial your Demat account number / Debit Card number. System would prompt for ATMPIN
in case of Debit Card number or TPIN in case of Demat account number. Place a transfer
request on IVR.
Speak to Transfer (S2T) :
Through Speak to Transfer an officer can place your request to transfer the shares
from one demat account to another. Call our Customer Care Centre
and access your demat account using your ATM card / DPID and Demat account number
with ATM PIN or demat TPIN. Demo On IVR & S2T.
To change the address in ICICI Direct Account, you need to first get the address
changed in your demat account.
Procedure to change address in Demat
-
Fill in the change in address form (individual / non-individual) (www.icicibank.com > Demat Services
>
Service Request Form > Form for change in correspondence address).
-
Need to provide physical documents
-
PAN Card Copy ( mandatory )
-
Address proof (list available on the form)
-
Form needs to be signed by all Holders.
-
Documents needs to be self attested and to be attested by ICICI Bank Official. So
please walk to any demat desk at ICICI Bank Branch.#
-
All the documents can be submitted at any of the ICICI Bank Branches having Demat Centers (www.icicibank.com > Demat Services >
Service Request Form > Demat Branches).
Once the address is changed in your Demat Account, it would automatically get updated
in your ICICI Direct ( 3 in 1 Account ).
Documents Required :
-
Address change request signed by all account holders
-
Self attested Pan Card copy
-
Self attested copy of proof of address document.
Address to be sent to : ICICI Bank Ltd - Demat Services, c/o - 3i Infotech Limited,
Akruti Trade Centre, 3rd Floor, P.10, Road No.7, MIDC Marol, Bhimnagar, Andheri
(East), Mumbai - 400 093.
Procedure to change address at AMC
Customer need to provide a separate copy of Request for Change of Address for each
of the Fund ( AMC ) held by customer in ICICIdirect.com Account.
If the customer is MF KYC Compliant through CDSL Ventures Limited ( CVL ), please
approach CVL for changing the correspondence address. You can visit CDSL http://www.cvlindia.com
for more details.
Please send the filled in form at the below address :
Mutual Fund Operations Team
ICICI Securities Limited
Shree Sawan Knowledge Park,
Ground Floor, Plot No. D-507, T.T.C Ind Area,
M.I.D.C, Turbhe, Opp Juinagar Railway Station,
Navi Mumbai - 400705.
Procedure for Change in Contact Details
Change in Email ID /Mobile Number: To update the e-mail address please follow
the below procedure. Log onto your ICICI Direct Account with your User ID and Password
On Customer Service Page click on' General Profile Link' and update the e-mail address
/mobile number.
OR
You can also visit nearest ICICI Direct Store to update your E-mail ID and Mobile
Number by providing a request letter. , Personal details such as e-mail ID and Mobile
number would get updated in ICICIdirect trading account.
Trading and Demat account cannot be converted to new residential status. However
Resident ICICI Bank account can be converted to NRO status.
You needs to fill in NRI 3 in 1 Account Opening Form.
The provision of closing Resident Account is available in the NRI 3 in 1 account
opening form. If there are any Mutual Fund Holdings, Resident I direct account would
be closed however you would not be able to redeem the units held till new NRI I
Direct Account is opened and are transferred to NONPINS NRO Account.
Open An Account - 3 Simple Steps :
-
Register on line
-
Print the complete form and follow the checklist for signatures, photographs, &
documents
-
Attach the required document and send it to
NRIAOC Desk,
ICICI Securities Ltd,
ICICI Bank Ltd
A - Wing, 3rd flr., Behind Chandivali Studio
Chandivali Andheri (E). Navi Mumbai – 400072.
Conversion of Bank Account :
The provision of conversion from RI to NRI is provided on the NRI 3 in 1 account
opening form
OR
If you wish to close the Resident Bank Account, you need to co-ordinate with respective
bank branch for the same. Please note that only when the RI accounts ( banks ) are
closed or converted into NRO accounts, NRI I Direct form would be processed.
Transfer of Mutual Funds :
For transfer of Mutual fund from Resident ICICIdirect A/c to NRI ICICIdirect A/c,
you need to provide Internal Transfer form, Change in Account status form,
PAN Copy and Change in Tax
status request for each AMC. You need to Self Attest the documents.
You need to send the above mentioned documents at the following address :
Attn: Mutual Funds Operations Team
ICICI Securities Ltd
Shree Sawan Knowledge Park,
Ground Floor, Plot No. D-507, T.T.C Ind Area,
M.I.D.C, Turbhe, Opp Juinagar Railway Station,
Navi Mumbai - 400705.
Demat Account :
Once the NRI application is processed and the new demat account is opened, the customer
can transfer the shares over to the new demat account. Closure of account format
available on www.icicibank.com > Demat Services > Service Requests Forms>
Format for closure of accounts.
Closure letter needs to be sent at:
ICICI BANK LTD;
Demat Department,
TRANS TRADE CENTRE,
NEAR FLORAL DECK PLAZA,
SEEPZ, MIDC
ANDHERI (E)
Mumbai - 400093.
You needsto provide separate request for each AMC for the Fund held by the customer
in ICICIdirect.com Account. Documents Required :
Prescribed form for AMC :
You need to send the above mentioned documents at the following address :
Attn: Mutual Funds Operations Team
ICICI Securities Ltd
Shree Sawan Knowledge Park,
Ground Floor, Plot No. D-507, T.T.C Ind Area,
M.I.D.C, Turbhe, Opp. Juinagar Railway Station,
Navi Mumbai – 400705
TDS in PINS A/c ( PINS NRE & PINS NRO )
Once sell order is placed through PINS account 17.94% of TDS is deducted on the
entire trade value. The trading limit would be the value of sell transaction net
of the amount temporarily withheld on account of TDS.
Eg. If sell order is of Rs.10000 then 17.94% of 10000 is deducted ( 10000-1794=
8206).
The available limit would be approx Rs.8206. At the end of day, actual TDS is re-calculated
considering the cost of acquisition and the period of holding. Any excess amount
so withheld will be added back in the limits before the start of next trading day.
TDS Calculations under NON PINS Account ( NRE )
Once sell order is placed through NON PINS account 17.94% TDS is deducted on the
entire sale proceeds. You need to submit the following
Cost of acquisition : Document evidencing date and cost of acquisition
of shares. In absence of the sufficient document, tax will be deducted on the full
sale proceed instead of capital gain portion, and will be paid to government. You
will get the consolidated TDS certificates for that amount at the end of every quarter.
Repatriation Proof : For sell transactions done through NRE NON
PINS account, you need to provide the document which evidences that the shares sold
where purchased on repatriable basis i.e. through NRE funds. Irrespective of long
term & short term
E.g.: Copy of Allotment Letter, copy of physical shares, Statement of previous custodian
certifying that the shares were held on repatriation basis.
On receiving the above mentioned proof or if the documentary proof is already available
with ICICIdirect, the payout will be released to the linked NRE bank account after
re-calculating the TDS amount (any excess TDS amount withheld will be added back).
Note - If physical share certificates are de-materialised in NRE demat account
of ICICI Bank Ltd, then no documentary proof/ repatriation proof is required.
TDS Calculations under NON PINS Account ( NRO )
Once sell order is placed through NON PINS account 17.94% TDS is blocked on the
entire sale proceeds. You need to submit the following
Cost of acquisition : Proof which states the date of acquiring
the shares hence, proving long term acquisition of the script. You need to provide
document evidencing date and cost of acquisition for short term trades. Tax will
be deducted on the full sale proceed instead of capital gain portion, and will be
paid to government in absence of the sufficient document. You will get the consolidated
TDS certificates for that amount at the end of every quarter.
Documentary proof need not be submitted if the shares were purchased through ICICIdirect.com
and held for more than one year or if physical shares were de-materialised in ICICI
demat and held for more than 1 year.
The normal payout (deducting TDS) will be made on T+2 day. On receiving the above
mentioned documentary proof or if the documentary proof is already available with
ICICIdirect, the pay out of the excess TDS withheld will be refunded to the linked
NRO bank account.
NRI Brokerage Structure
Schedule of Fees: Applicable to NRI Investors
E-invest Account Opening Charges
Rs. 4000 (one time charge)
Equity Brokerage Structure
|
Total Eligible Turnover (Volume of Transaction) per month
|
Brokerage
|
|
Rs . 25,00,001/- to Rs. 50,00,000/- (Rs. 25 lacs to Rs. 50 lacs)
|
0.75%
|
|
Rs . 10,00,001/- to Rs. 25,00,000/- ( Rs. 10 lacs to Rs. 25 lacs)
|
0.90%
|
|
Rs . 5,00,001/- to Rs. 10,00,000/- ( Rs. 5 lacs to Rs. 10 lacs)
|
1.00%
|
|
Up to Rs. 5,00,000/- (Rs. 5 lacs)
|
1.25%
|
For NSE Trades Brokerage is calculated on a per share basis and is rounded off to
the fourth decimal.
For BSE Trades Brokerage is calculated on a per share basis and is rounded off to
the second decimal.
SERVICE TAX OF 12.36 % of BROKERAGE will be charged additional.
The service tax is calculated per share and rounded off to four decimals. Service
tax rates and other statutory levies are subject to change from time to time.
SECURITIES TRANSACTION TAX (STT) EQUITY of 0.1% will be charged additional.
The service tax is calculated per share and rounded off to four decimals. Service
tax rates and other statutory levies are subject to change from time to time. STT
is calculated on the Weighted Average Price of the client for a particular day.
This is also calculated on the value and rounded of the second decimal.
TRANSACTION CHARGES OF 0.0035% of turnover in NSE and 0.0034% of turnover in
BSE will be charged additional. The transaction charge is calculated
on per share basis and rounded off to four decimals.
STAMP DUTY at the rate of 0.01% on delivery based turnover and 0.002% on non-delivery
based turnover will be charged in addition to the charges mentioned
above. The Stamp Duty is calculated on per share basis and rounded off to four decimals.
The final value of Brokerage and Service Tax is arrived at by multiplying the per
share value in four decimals with the Quantity. This value is then rounded off to
two decimals.
The minimum value of the order that would be accepted would be Rs. 200/- and the
minimum brokerage would be Rs. 75/- per trade. The minimum brokerage is Rs.75/-
or 2.5% of the trade value whichever is lower. The brokerage is inclusive of bank's
charges for Portfolio Investment Services (PINs), demat market transaction charges
and postage charges.Service Tax, Securities Transaction Tax (STT), Transaction Charges
and Stamp Duty will be charged additionally as per the applicable rate.
Commission Rates
If the total value of buy and sell transactions is Rs. 5,00,001 or more in any calendar
month, commission for the immediate next month would come down by 25 basis point
to 1.00%. However if in the next calendar month, the total value of buy and sell
transactions is less than Rs. 5,00,000 (Rs. 5 lacs), the applicable commission for
the immediate next quarter would increase by 25 basis point and reinstated to1.25
%.
For example, the total value of buy and sell transaction for a
Month I is Rs.30,00,000. Applicable brokerage for the Month II would be 0.75 %,
which would be retained at 0.75% or revised upward up to 1.25 % for Month III based
on the total value of transaction in Month II.
|
Month
|
Turnover
|
Brokerage Rate
|
Next Month Brokerage as per Turnover done
|
|
MONTH-1
|
30,00,000/-
|
1.25%
|
0.75%
|
|
MONTH-2
|
60,00,000/-
|
0.75%
|
0.50%
|
|
MONTH-3
|
12,00,000/-
|
0.50%
|
0.90%
|
|
MONTH-4
|
2,50,000/-
|
0.90%
|
1.25%
|
Minimum Order Value
Minimum order value would be Rs.200.
Demat Account Fee schedule for Non Resident Indians
(With effect from June 01, 2005):
Minimum order value would be Rs.200.
|
Month
|
Turnover
|
Brokerage Rate
|
|
A/c opening Charges
|
NIL
|
NIL
|
|
Annual Service Charges (payable at the time of account opening and thereafter every
year in the month in which the account was opened) (waived off for all ICICI Direct.com
Customers for the first year in which they open the account)
|
Rs. 500/- ( Rs. 450/- for customer receiving statements by e-mail )
|
Rs. 1200/- ( Rs. 1150/- for customer receiving statements by e-mail )
|
|
Agreement Stamp Paper (included in the ICICI Direct.com a/c opening charges)
|
Rs. 100/-
|
Rs. 100/-
|
|
Buy - Market and Off-Market (% of transaction value of each ISIN) - Max. Rs. 500
for debt instruments
|
Nil for Trades done on www.icicidirect.com
|
Nil for Trades done on www.icicidirect.com
|
|
Sell - Market and Off-Market (% of transaction value of each ISIN) - Max. Rs. 500
for debt instruments
|
0.04% (Min. Rs. 10)
|
0.04% (Min. Rs. 10)
|
|
Instruction submitted through Internet (E-inst / IVR)
|
0.04% (Min. Rs. 15)
|
0.04% (Min. Rs. 15)
|
|
Instruction submitted through Call Centre
|
0.04% (Min. Rs. 30)
|
0.04% (Min. Rs. 30)
|
|
Instruction submitted at Branches
|
Nil for Trades done on www.icicidirect.com
|
Nil for Trades done on www.icicidirect.com
|
|
Rejections/Fails
|
Rs. 30/-
|
Rs. 30/-
|
|
Extra charges for processing of TIFDs submitted late (% of transaction value)
|
|
|
|
Instruction submitted through Internet ( E-inst / IVR)
|
Nil
|
Nil
|
|
Instruction submitted through Call Centre
|
Nil
|
Nil
|
|
Instruction submitted at Branches (accepted at Client's risk)
|
Rs. 10/- per ISIN (Nil for e-instructions)
|
Rs. 10/- per ISIN (Nil for e-instructions)
|
|
Dematerialisation
|
|
|
|
For each request form
|
Rs. 35/-
|
Rs. 35/-
|
|
Extra for each certificate
|
Rs. 2/-
|
Rs. 2/-
|
|
Rematerialisation
|
Rs. 20/-
|
Rs. 20/-
|
|
Closure of Account
|
Nil
|
Nil
|
|
Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in each
request)
|
|
|
|
If, ICICI Bank is counter party
|
0.02% (Min. Rs. 15)
|
0.02% (Min. Rs. 15)
|
|
If, ICICI Bank is not counter party
|
0.04% (Min. Rs. 30)
|
0.04% (Min. Rs. 30)
|
|
Postal Charges for security items, Additional Booklets, Security Certificates etc.
|
Rs. 350/-
|
Rs. 350/-
|
NSDL charges are chargeable extra on actuals. Present
NSDL charges are :
|
Sell - Market and Off-Market (W.e.f. 01.01.2008)
|
Rs. 5/- per debit instruction (nil for commercial paper and short-term debt instruments)
|
Rs. 5/- per debit instruction (nil for commercial paper and short-term debt instruments)
|
|
Rematerialisation (W.e.f. 01.11.2006)
|
A fee of Rs.10/- for every hundred securities or part thereof ; or a flat fee of
Rs. 10/- per certificate, whichever is higher
|
A fee of Rs.10/- for every hundred securities or part thereof ; or a flat fee of
Rs. 10/- per certificate, whichever is higher
|
|
Pledge Creation
|
Rs. 25/- per instruction
|
Rs. 25/- per instruction
|
The value of shares and charges is calculated as per NSDL formula and rates
There will be a charge of Rs. 100/- for dishonour of any cheque or unsuccessful
attempt to recover payment through direct debit or ECS. The depository services
are liable to discontinuation if ICICI Bank is unable to recover charges from the
customer for any reason whatsoever. In such cases there will be a charge of Rs.
250/- for resumption of services and the services will be resumed after a minimum
of three working days from the date of receipt of request at Central Processing
Office, Mumbai
Any service that is not indicated above will be charged separately as per the rates
applicable from time to time
ICICI Bank reserves the right to revise the tariff structure from time to time,
with notice of 30 days. The notice may be given by ordinary post or by an advertisement
in a national daily
If the Demat Account is closed during the year, no pro-rata refund of Annual Service
Charge will be made
Future & Options Brokerage Structure :
The eligible turnover and the brokerage rates for Futures and Options are given
in the below table
|
Futures
|
Options
|
|
Total Eligible Turnover per month
|
Brokerage (%)
|
Total Eligible Premium Value per month
|
Flat Brokerage per contract lot (Rs.)
|
|
Above Rs. 20 Crores
|
0.03
|
Above Rs. 20 lacs
|
70
|
|
Rs.10 Crores to Rs. 20 Crores
|
0.035
|
Rs. 10 lacs to Rs. 20 lacs
|
75
|
|
Rs. 5 Crores to Rs. 10 Crores
|
0.04
|
Rs. 5 lacs to Rs. 10 lacs
|
85
|
|
Less than Rs. 5 Crores
|
0.05
|
Less than Rs. 5 Lac
|
95
|
The Futures and Options transactions will be charged at a brokerage rate of 0.05%
and Rs. 95/- respectively for the first month. The brokerage rates will be applicable
for the next month depending on the turnover done in the current month E.g. For
the month of Aug 2008, brokerage rate will be dependent on the turnover done in
the month of July 2008 as seen in the table below.
Brokerage Example
|
Month
|
Total Eligible Futures Turnover (Rs. Crore)
|
Brokerage %
|
Total Eligible Options Premium value (Rs. Lacs)
|
Flat Brokerage per contract lot (Rs.)
|
|
5th Nov 2008
|
21
|
0.035
|
18
|
70
|
|
4th Oct 2008
|
19.25
|
0.03
|
21.5
|
85
|
|
3rd Sept 2008
|
20.25
|
0.035
|
5.15
|
75
|
|
2nd Aug 2008
|
11
|
0.04
|
12.25
|
95
|
|
1st Jul 2008
|
5.9
|
0.05
|
4.95
|
95.00
|
Note :
Service tax ,Securities Transaction, Stamp Duty, Transaction Charges and SEBI Turnover
Charges/ will be charged additional as per applicable rates.
Service Tax, Securities Transaction Tax, Stamp Duty, Transaction Charges and SEBI
Turnover Charges are statutory levies and subject to change from time to time.
Call Us
+91-22-3914 0422
Business Hours
09:00 AM - 07:00 PM Indian Standard Time
(Monday to Saturday.)
Write to Us
nri@icicidirect.com
Walk In
I) Overseas Office :
Oman
ICICI Securities Ltd.
MHD Corporate Office Building,
Ground Floor, P.O. Box: 2451,
PC-112, RUWI,
Sultanate of Oman.
II) ICICIDirect Store In India
Trading and Demat account cannot be converted to new residential status. However
Resident ICICI Bank account can be converted to NRO status.
You needs to fill in NRI 3 in 1 Account Opening Form.
The provision of closing Resident Account is available in the NRI 3 in 1 account
opening form. If there are any Mutual Fund Holdings, Resident I direct account would
be closed however you would not be able to redeem the units held till new NRI I
Direct Account is opened and are transferred to NONPINS NRO Account.
Open An Account - 3 Simple Steps :
-
Register on line
-
Print the complete form and follow the checklist for signatures, photographs, &
documents
-
Attach the required document and send it to
NRIAOC Desk,
ICICI Securities Ltd,
ICICI Bank Ltd
A - Wing, 3rd flr., Behind Chandivali Studio
Chandivali Andheri (E). Navi Mumbai – 400072.
Conversion of Bank Account :
The provision of conversion from RI to NRI is provided on the NRI 3 in 1 account
opening form
OR
If you wish to close the Resident Bank Account, you need to co-ordinate with respective
bank branch for the same. Please note that only when the RI accounts ( banks ) are
closed or converted into NRO accounts, NRI I Direct form would be processed.
Transfer of Mutual Funds :
For transfer of Mutual fund from Resident ICICIdirect A/c to NRI ICICIdirect A/c,
you need to provide Internal Transfer form, Change in Account status form,
PAN Copy and Change in Tax
status request for each AMC. You need to Self Attest the documents.
You need to send the above mentioned documents at the following address :
Attn: Mutual Funds Operations Team
ICICI Securities Ltd
Shree Sawan Knowledge Park,
Ground Floor, Plot No. D-507, T.T.C Ind Area,
M.I.D.C, Turbhe, Opp Juinagar Railway Station,
Navi Mumbai - 400705.
Demat Account :
Once the NRI application is processed and the new demat account is opened, the customer
can transfer the shares over to the new demat account. Closure of account format
available on www.icicibank.com > Demat Services > Service Requests Forms>
Format for closure of accounts.
Closure letter needs to be sent at:
ICICI BANK LTD;
Demat Department,
TRANS TRADE CENTRE,
NEAR FLORAL DECK PLAZA,
SEEPZ, MIDC
ANDHERI (E)
Mumbai - 400093.