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ICICI Demat Account

ICICI bank provides demat account for its customers those who are willing to take part in the Indian stock market by investing there. The bank features a wide range of demat facilities of which the ICICI demat account is the initial part. Besides this ICICI demat account also facilitates some other features like:

  • Transaction statement – Counter party, transaction type, specific date range.
  • Bill details.
  • ISIN look up – Information on the face value and the status value of the ISIN.
  • Settlement calendar- Information regarding pay in and pay out date.
  • Status on request.
  • Customer ledger.
  • E-instructions.
  • Mobile alerts.
  • TIFD and IDT booklets on request.
  • Personal details – Clients name and address holders name, account type and details.
  • No charges for opening DP required.

The process of opening an ICICI demat account is also very simple and easy and requires the following simple steps:

  • Properly filling the application form.
  • Details of bank account with which the demat account is to be joined.
  • Submission of the photocopies of the documents required for identity proof (passport, pan card, driving license, voter ID card).
  • Submission of the photocopies of the documents required for residence proof (passport, pan card, driving license, voter ID card).
  • Passport size photographs of the customer.
  • Customer needs to choose between Standard Rate Card, Frequent Rate Card and Bonus Rate Card as par trade volume.
  • NRI rate card applicable for those who are stating their foreign address for communication.
  • Proper selection of the mode of investment. Any one among PINs or Non PINs like mutual funds, derivatives, prior investments, gifts and inheritance.
  • The customer, if an NRI should decide the combination from among PINS NRE, PINS NRO, Non-PINS NRE, Non-PINS NRO.
  • No RBI permission required.

Comments

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