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Bank Fee Schedule:

Minimum balance requirement

An average minimum balance of Rs. 5000 is to be maintained during each quarter, failing which Rs. 750 will be levied / debited from the customer's bank account.
In case of an insufficient balance to debit Rs. 750, ICICI Bank will have right to close the account of the customer.

 

Demat Account Fee Schedule for Resident Non-Corporates (With effect from June 01, 2005 ):

  

 

Fee Head

DP Charges

1

A/c opening Charges

NIL

2

Annual Services Charges

Rs.500/-payable 

1.In the month of April each year, for the accounts opened on or before March 31,2002. 

2. For the Accounts opened on or after April 1, 2002 , annual service charges are payable one year from account opening date & continued thereof

(That is if the account is opened on August 14, 2006 then it is charged for August 14, 2006 to August 13, 2007.)

(waived for all ICICIDirect.com customers for the first financial year in which they open the account)

(Rs.450/- for customers receiving statement by e-mail)

3

Agreement Stamp Paper

Rs. 100/-

4

Transaction Charges

 

Market and Off market BUY

Nil

 

Market and Off-Market SELL

Nil for trades through ICICIdirect.com

 

0.04% (minimum Rs. 10/-) for e-instructions through internet

 

0.04% (minimum Rs. 15/-) for e-instructions through call center

 

0.04% (minimum Rs. 30/-) for instructions submitted at branches

 

Extra charges for processing of TIFDs submitted late   

Rs. 10/- per ISIN for instructions submitted at branches

  5

Rejection/fails

Rs.30/-

6

Demat Charges

Rs.35/- per request and Rs. 2/- extra for each certificate

7

Remat Charges

Rs. 20/- for each request form

8

Closure of Account

Nil

9

Pledge Creation /Closure/Invocation/

Confirmation (% of value for each ISIN in each request)

0.02% (minimum Rs. 15/-), if ICICI Bank is counter party

 

0.04% (minimum Rs. 30/-), if ICICI Bank not a counter party

10

Additional Account Statements

Rs. 20/-

  • In addition to above , NSDL charges as applicable from time to time are recoverable.

Current NSDL charges:

Market and Off-Market SELL

Rs. 6/- per debit instruction & nil for commercial paper and short term debt instruments (included in the brokerage structure of ICICIDirect.com customers)

Remat

Rs.10/- per certificate.

Pledge Creation

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. 

Two options for the recovery of Demat Service Charges:

Option I – Only customers who have a Depository relationship will be required to pay an advance fee for each Demat Account, which will be adjusted against service charges. The customer will also undertake to replenish the balance immediately when it falls below the threshold amount, as specified below:

 

 

STANDARD

Advance Amount

Rs. 2500/-

Threshold Amount

Rs. 1000/-

Option II – Customers who have a banking relationship with ICICI Bank will provide a debit authorization for the recovery of service charge.