Account Opening Charges
Opening a Demat account with ICICI Direct involves a one-time account opening fee. This fee covers the processing of your application and the setup of your Demat account.
Annual Maintenance Charges (AMC)
The AMC is an annual fee for maintaining your Demat account. It includes custodial services, account management, and other essential maintenance activities.
Transaction Charges
ICICI Direct imposes transaction fees for every buy or sell order you place. These charges are typically a percentage of the transaction value or a flat fee per trade, depending on the type of investment.
Other Applicable Fees
Additional services such as IPO applications, pledge services, and request for physical statements may incur extra charges. It's important to review these fees to fully understand the cost structure.
Fee Structure Comparison
Comparing the fee structure of ICICI Direct with other brokers can help you determine if it aligns with your trading frequency and investment goals. Lower transaction fees may benefit active traders, while fixed annual fees could be more economical for long-term investors.
Conclusion
Being informed about the ICICI Direct Demat account charges enables you to manage your investment costs effectively. Always refer to the latest fee schedule provided by ICICI Direct to ensure you are aware of any updates or changes in the fee structure.