ICICI Direct FAQ

ICICI is a very reputed and recognized brand in the banking sector, thus also making it a reliable stock broker. A brand’s trust and goodwill are notable factors to consider, as it also portrays the stockbroker's stability and level of excellence. This makes ICICI Direct a highly trustworthy broking service provider.

Additionally, ICICI Direct claims to have adopted several measures to enhance the security of your holdings and ensure the protection of your account.

ICICI Direct offers three types of brokerage plans to its customers. The ICICI brokerage charges, thus depend on the type of plan that you’ve chosen.

Read more about ICICI brokerage charges

ICICI Direct serves three types of brokerage plans to its customers. You can choose the one best suited for your financial needs.

I-Secure Plan (Flat brokerage Plan): This plan offers Flat Brokerage (in %) irrespective of the turnover value and is best suited for investors who are looking for secured and fixed brokerage.

ICICI Direct Prepaid Brokerage Plan: This plan offers discounted brokerage rates when you pay an upfront one time fixed fee. There are 6 types of prepaid plans available, where each plan has a validity of 15 years. 

ICICI Direct Prime Plan: The prime plan is aimed at reducing brokerage charges for investors and also helps transfer money instantly in their bank account when selling shares. This plan also provides exclusive research services to its members. Three prime plans - Rs.900, Rs.4500 and Rs.9500 are available to customers, and each of these plans offers an upfront reduction in ICICI brokerage across all equity and derivative products. All of these plans are valid for 365 days.

Click here to know more about these ICICI direct plans

It is possible to open an ICICI Direct account online through either its mobile app or through its website. 
To know step-by-step process for open demat account online.

ICICI Direct provides regular mutual fund schemes and charges a commission from its investors. These charges for investing in the mutual funds are based on the transaction amount. On an investment of less than Rs.8 lakhs in mutual fund holdings through ICICI Direct, you will be charged Rs.100 per transaction for a lump-sum purchase. For SIP transactions, you will have to pay Rs.30 or 1.5% of the investment value, whichever is lower. Additionally, you will also have to pay a 10.30% service tax per transaction.

If you have a holding of Rs.8 lakh or more, the broker will not charge anything from you.

ICICI Direct provides a range of trading and investment options, thus giving new investors a platter to choose from. Also, the company offers free research and advisory services, which makes it easier for stock market beginners who need hand-holding, to start their investment journey and further provides them with a convenient trading experience.

A retail trading and investment service, ICICI Direct, is a part of ICICI Securities, the largest retail stock broker firm in India. ICICI Direct offers 'online trading and investment' services to more than 20 lakhs customers. It offers services online as well as through a network of branches across India.

Opening a trading account with ICICI direct is free of cost irrespective of the plan you have chosen. However, the other charges like brokerage, maintenance, margin, other charges depend upon the product, segment and the plan you have chosen.

Some charges in ICICI Direct which include trading account opening charges (onetime), trading account maintenance charges (AMC), and Demat account opening charges are all free of cost. The demat account maintenance charges (AMC) is Rs 700. However, these charges depend upon the product and plan you have chosen.

To open an account with ICICIDirect, follow either of the steps below:

  1. Offline Process: Visit the nearest ICICI Bank branch in your city and fill in the application for opening an account. Many branches of ICICI Bank offer the ICICIDirect 3-in-1 account opening, which is the quickest way to open an account with ICICIDirect.

  2. Online Process:  
    Click on ‘Open an Account’

    Fill an online registration form.

    Then, select 'Apply Online - Resident Account'.

    Fill the online application form and submit it. 

    Once you submit all the forms and supporting documents, in most cases, it may take up to 7 working days for the account to get activated.

 

The prime plan of ICICI Direct is aimed at reducing brokerage charges for investors and also helps transfer money instantly in their bank account when selling shares. This plan also provides exclusive research services to its members. Four prime plans - Rs. 299, Rs. 999, Rs. 1999 and Rs. 2999 are available to customers, and each of these plans offers an upfront reduction in ICICI direct brokerage across all equity and derivative products. All of these plans are valid for 365 days.

ICICI Direct requires you to maintain a minimum balance of Rs.20,000 in your Demat or Trading Account in terms of minimum Margin Money.