ICICI Demat Fee Schedule

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.

Source: Fee Schedule

ICICI Demat Fee Schedule

By gunnalag

Leave a Reply Cancel reply

By gunnalag

You might also like:

Compare Earnings of Jewellers Gold Saving Scheme vs Bank Fixed Deposit

AxisBank NEFT Online Power Transfer Terms and Conditions

Calculating your Old Gold Jewellery Value

Leave a Reply Cancel reply